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Teledyne Invests in Maker of Surface-Submarine Vessel

Teledyne Technologies Inc. has invested in Ocean Aero Inc., a manufacturer of unmanned marine vehicles for scientific and energy-sector customers. Terms of the deal between Teledyne in Thousand Oaks and Ocean Aero in San Diego were not disclosed. The investment by the aerospace and defense manufacturer broadens the company’s marine and autonomous underwater vehicle portfolio. Teledyne subsidiaries already make the Gavia, Slocum Glider and the MinoROVER marine vehicles. Ocean Aero is developing a wind- and solar-powered autonomous vehicle, the Submaran, which can be used either on the ocean’s surface or underwater. The vehicle can conduct water column analysis, stealth and hazardous weather avoidance. “Ocean Aero’s planned unmanned underwater/surface vehicles complement Teledyne’s battery-powered Gavia AUVs and market-leading autonomous gliding vehicles using buoyancy-based propulsion,” Teledyne Chief Executive Robert Mehrabian said in a prepared statement. Shares closed down $1.62, or less than 2 percent, to $96.35 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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