Teledyne Technologies Incorporated is a Delaware corporation that provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research. Our products include digital imaging sensors, cameras and systems within the visible, infrared and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, aircraft information management systems, and defense electronics and satellite communication subsystems. We also supply engineered systems for defense, space, environmental and energy applications. We differentiate ourselves from many of our direct competitors by having a customer- and Company-sponsored applied research center that augments our product development expertise. We believe our technological capabilities, innovation and ability to invest in the development of new and enhanced products are critical to obtaining and maintaining leadership in our markets and the industries in which we compete.

• Employees: Approximately 14,900 (as of December 31, 2023)
• Geographic Footprint: 36 countries
• Headquarters: Thousand Oaks, California
• Founded: November 29, 1999 (as an independent public company)
• Number of locations/facilities: 76 principal operating facilities
• Revenue: $5.635 billion (FY2023)
• Key Subsidiaries/Brands: Teledyne Scientific Company, Teledyne Marine, Teledyne Defense Electronics, Teledyne Digital Imaging, Teledyne LeCroy

• CEO: Edwin Roks
• CFO: Stephen F. Blackwood
• Board Chair: Robert Mehrabian
• Other Key Executives: Melanie S. Cibik (Executive Vice President, General Counsel, Chief Compliance Officer and Secretary)

The filing does not provide specific tenure information for the executives.

• Annual Revenue: $5.635 billion (FY2023)
• Net Income: $885.7 million (FY2023)
• Total Assets: $14.527 billion (as of December 31, 2023)
• Number of Employees: Approximately 14,900 (as of December 31, 2023)
• Key Financial Highlights: Net sales increased by 3.2% year-over-year. Net income increased by 12.3% year-over-year.

Teledyne's products include:

• Digital Imaging: High-performance sensors, cameras, and systems within the visible, infrared, ultraviolet and X-ray spectra. Manufacturing services for micro electromechanical systems (“MEMS”) and high-performance, high-reliability semiconductors.
• Instrumentation: Monitoring and control instruments for marine, environmental, industrial and other applications, and electronic test and measurement equipment. Power and communications connectivity devices for distributed instrumentation systems and sensor networks.
• Aerospace and Defense Electronics: Sophisticated electronic components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, general aviation batteries and other components for a variety of commercial and defense applications.
• Engineered Systems: Innovative systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental and energy applications. Electrochemical energy systems and specialty electronics for demanding military applications.

Teledyne's businesses are aligned in four segments:

• Digital Imaging: 56% of total net sales (FY2023)
• Instrumentation: 23% of total net sales (FY2023)
• Aerospace and Defense Electronics: 13% of total net sales (FY2023)
• Engineered Systems: 8% of total net sales (FY2023)

Teledyne's strategy emphasizes growth in its four business segments through targeted acquisitions and product development. The company focuses on operational excellence, cost containment, and evaluating cost reductions in all aspects of its business. Teledyne uses complementary technology across its businesses and targeted R&D to create new products and expand addressable markets. The company continually evaluates its businesses to ensure alignment with its strategy.

• Key strategic initiatives: Targeted acquisitions, product development, operational excellence, cost containment.
• Growth drivers: Technological capabilities, innovation, investment in new and enhanced products.
• Investment priorities: Research and development, capital expenditures, strategic acquisitions.

Teledyne operates in diverse markets, each highly competitive. The company competes on quality, product performance, reliability, technical expertise, price and service.

• Market Position: The company believes its technological capabilities, innovation and ability to invest in the development of new and enhanced products are critical to obtaining and maintaining leadership in its markets.
• Key Competitors: The company encounters a wide variety of competitors across its diverse product lines, none of which offer the same product and service lines or serve all of the same markets as Teledyne does.
• Industry Trends: The company's markets are characterized by high barriers to entry and include specialized products and services not likely to be commoditized.

• Market Risks: A possible recession in the U.S. or globally, continued economic slowdown in China, and higher interest rates may adversely affect us. Escalating global trade tensions, especially between the U.S. and China, the conflict between Russia and Ukraine, the conflict in Israel and neighboring regions and the adoption or expansion of tariffs and trade restrictions could negatively impact us.
• Operational Risks: Increased prices for components and raw materials used in our products and higher labor and shipping costs could adversely impact our profitability. We have experienced component and raw material shortages in the past that impacted our ability to manufacture and ship all the product for which we have demand, and these constraints may continue in the future. Our business may suffer if we are unable to attract and retain key personnel.
• Financial Risks: Currency exchange rate fluctuations may increase the cost of our products to international customers and therefore reduce our competitive position. Our indebtedness, and any failure to comply with our covenants that apply to our indebtedness, could materially and adversely affect our business. Higher tax rates may harm our results of operations and cash flow. Changes in future business conditions could cause business investments, goodwill and other long-lived assets to become impaired, resulting in significant losses and write-downs that would reduce our operating income.
• Regulatory Risks: Our U.S. Government contracting business is subject to government contracting regulations, including increasingly complex regulations on cybersecurity, and our failure to comply with such laws and regulations could harm our operating results and prospects. We are subject to the risks associated with international sales and international operations, and events in those countries could harm our business or results of operations.