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Saturday, Mar 2, 2024

Teledyne Flir Defense Gets $49M Coast Guard Contract

Teledyne Flir Defense has been awarded a $48.7 million contract to provide sensors and surveillance systems to the U.S. Coast Guard.

The procured systems will be incorporated into new Coast Guard cutters and used as sensor upgrades for existing cutters with legacy technology. The work will be done at Teledyne Flir’s facility in Billerica, Massachusetts and be completed by March 2027, according to a release from the company.

Teledyne Flir is owned by Teledyne Technologies Inc., the Thousand Oaks aerospace, marine and digital imaging products manufacturer.

The contract calls for Teledyne Flir to supply Maritime Forward Looking Infrared (MARFIR) II sensors as well as multiple variants of the SeaFlir 280-HD surveillance systems.

The SeaFlir 280-HD is a high-performance electro-optical/infrared imaging system with advanced features essential for long-range detection, identification, tracking and threat assessment, according to the release.

The Coast Guard relies heavily on these surveillance systems when conducting a wide range of missions, including port and waterway security, drug interdiction, search and rescue, and enforcing domestic and international fisheries laws, the release added.

JihFen Lei, executive vice president and general manager of Teledyne Flir Defense, said that the company was honored to continue its relationship with the Coast Guard in providing the upgraded SeaFlir 280 with its many enhanced capabilities.

“The U.S. Coast Guard’s mission areas continue to grow in number and importance to save lives, and in turn they depend on the most advanced imaging technology to be successful,” Lei said in a statement.

Shares in Teledyne (TDY) closed up $3.24, or nearly 1%, to $360.39 on the New York Stock Exchange, on a day when the Dow Jones closed up just more than 1%.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is Interim Editor at the Los Angeles Business Journal and the Inside The Valley. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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