Teledyne Technologies (NYSE:TDY) has had a rough three months with its share price down 22%. However, the company's...
THOUSAND OAKS, Calif., June 23, 2022--Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that it has entered into a framework agreement worth up to NOK 475 million (approximately $48 million) with the Norwegian Defence Materiel Agency to deliver advanced Black Hornet® nano unmanned aerial vehicles (UAVs). The agreement is valid for four years but can be extended a year at a time for up to three additional years.
A generous flow of contracts from the Pentagon for RTX, LMT & HII boosts the overall performance of defense stocks in the trailing five trading sessions