Teledyne Technologies Incorporated (NYSE:TDY) began Wednesday trading appreciably higher. The company announced that Teledyne FLIR Defense has won a $28.8-million contract from U.S. Customs and Border Protection (CBP), an agency of the U.S. Department of Homeland Security, to support the agency’s Enhanced Mobile Surveillance Capability–Lite (eMSC-L) program to bolster border security operations.
Under the 24-month contract, Teledyne FLIR Defense will deliver an advanced version of its Lightweight Vehicle Surveillance System (LVSS), a highly mobile, multi-sensor platform designed to provide situational awareness and boost operating efficiency for Border Patrol agents. The eMSC-L systems will be deployed mainly along the Southwest border, where they will enable agents to detect, identify, classify and track individuals, vehicles, or animals approaching or crossing the border.
The LVSS system integrates Teledyne’s advanced radar and electro-optical/infrared (EO/IR) cameras mounted on a rapidly deployable mast, all installed on a Ford F-250 4x4 pickup truck.
“Outfitted with improved autonomy and communications capabilities,” according to this morning’s news release, “the upgraded LVSS allows a single operator to deploy, operate and stow the system entirely from within the vehicle cab.”
“Our team has supported CBP operations for more than a decade with proven mobile surveillance solutions to help secure U.S. borders,” said Company President JihFen Lei. “This award reflects CBP’s continued confidence in our ability to rapidly deliver systems that give agents the rich, detailed information they need to do their job.”
TDY shot higher $2.22 to $615.12.
