{"slug":"teledyne","name":"Teledyne","name_en":"Teledyne Technologies","ticker":"TDY","updated_at":"2026-07-12T05:35:08.81837+00:00","canonical":"https://valuechain.wiki/teledyne","same_as":["https://finance.yahoo.com/quote/TDY","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1094285"],"citable":"밸류체인 그래프 기준 Teledyne의 직접 연결 기업은 3곳(관계 기준 공급 0·매출 3)이고, 사슬을 2차까지 넓히면 4곳에 닿는다. 링크의 근거 출처는 3건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Teledyne Technologies is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 4 companies within two hops; the links are backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"뉴욕증시 · 국방·우주 EO/IR 센서 · 열영상(FLIR)","kicker_en":"NYSE · Defense/space EO/IR sensors · thermal (FLIR)","lead":"EO/IR 센서·열영상(FLIR)·우주 적외선 이미징 기업으로, 드론·미사일·위성의 '눈'을 만드는 센서 축이자 록히드 등 프라임의 핵심 부품사다. 드론전·우주 국방이 확대되며 2025년 매출 $62.3억(+7.9%)으로 사상 최대를 기록했고, 미 해병 OPF-L에 Rogue 1 배회폭탄 600대 이상($42.5M)을 공급하며 부품에서 완제품(무장)으로 상방을 넓혔다. 우주 적외선 검출기를 대부분의 프라임에 공급해 국방·우주 밸류체인 전반에 침투해 있으나, 실적이 국방 예산·프로그램 사이클에 연동되는 것이 변수다.","lead_en":"A maker of EO/IR sensors, thermal imaging (FLIR) and space IR imaging — the sensor axis that makes the 'eyes' of drones, missiles and satellites, and a core supplier to primes like Lockheed. As drone warfare and space defense expand, 2025 revenue hit a record $6.23B (+7.9%), and supplying 600+ Rogue 1 loitering munitions to the USMC OPF-L ($42.5M) widened its upside from components to finished weapons. It supplies space IR detectors to most primes, penetrating the defense-space chain broadly, though results track defense-budget and program cycles.","segments":{"fy":2025,"parts":[{"desc":"드론·미사일·위성용 EO/IR·열영상 센서 — Rogue 1 배회폭탄 완제품으로 확장.","name":"FLIR EO/IR 센서"},{"desc":"우주 적외선 검출기를 대부분의 프라임에 공급 — 위성의 눈.","name":"우주·과학 이미징"},{"desc":"산업·과학 계측 기기 — 안정적 비국방 매출 축.","name":"계측·기기"}],"total":"2025 매출 $6.23B (+7.9%)","concentration":"프라임에 우주 IR·드론 센서 공급."},"segments_en":{"fy":2025,"parts":[{"desc":"EO/IR and thermal sensors for drones, missiles and satellites — extended into the Rogue 1 loitering-munition finished product.","name":"FLIR EO/IR sensors"},{"desc":"Supplies space IR detectors to most primes — the eyes of satellites.","name":"Space/scientific imaging"},{"desc":"Industrial and scientific instrumentation — a stable non-defense revenue axis.","name":"Instrumentation"}],"total":"2025 revenue $6.23B (+7.9%)","concentration":"Space IR and drone sensors to primes."},"returns_yearly":{"2021":11.5,"2022":-8.5,"2023":11.6,"2024":4,"2025":10,"2026":24.3},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":3,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":3.9}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":3,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":2.4}},{"slug":"kai","name":"한국항공우주산업 (KAI)","name_en":"Korea Aerospace Industries","tier":2,"returns_yearly":{"2021":15.4,"2022":34.6,"2023":7,"2024":5.5,"2025":217.9,"2026":-14}},{"slug":"lockheed-martin","name":"Lockheed Martin","name_en":"Lockheed Martin","tier":1,"returns_yearly":{"2021":3.2,"2022":40.5,"2023":-4.3,"2024":10,"2025":2.5,"2026":9.5}},{"slug":"kratos","name":"Kratos","name_en":"Kratos Defense","tier":1,"returns_yearly":{"2021":-29.3,"2022":-46.8,"2023":96.6,"2024":30,"2025":187.8,"2026":-36.5}},{"slug":"aerovironment","name":"AeroVironment","name_en":"AeroVironment","tier":1,"returns_yearly":{"2021":-28.6,"2022":38.1,"2023":47.1,"2024":22.1,"2025":57.2,"2026":-40.2}}],"benefiting":[],"analysis":"드론·미사일·위성의 '눈'을 만드는 EO/IR 센서 축으로, 록히드 등 프라임의 핵심 부품사이자 우주 적외선 검출기를 대부분의 프라임에 공급하는 침투형 노드다. 드론전·우주 국방 확대가 2025년 사상 최대 매출 $62.3억(+7.9%)을 이끌었고, Rogue 1 배회폭탄 600대+($42.5M) 공급처럼 부품에서 완제품(무장)으로 상방을 넓힌 것이 성장 논점이다. 리스크는 실적이 국방 예산·프로그램 조달 사이클에 연동된다는 점이다. 그래프상 하류는 록히드·에어로바이런먼트·크라토스(드론)와 로켓랩(우주)으로, 이들 프로그램 물량이 이 센서 노드로 수요를 전파한다.","analysis_en":"The EO/IR sensor axis making the 'eyes' of drones, missiles and satellites — a core supplier to primes like Lockheed and a penetrating node that supplies space IR detectors to most primes. Expanding drone warfare and space defense drove a record $6.23B (+7.9%) in 2025, and supplying 600+ Rogue 1 loitering munitions ($42.5M) widened its upside from components to finished weapons — the growth point. The risk is that results track defense-budget and program-procurement cycles. Downstream on the graph are Lockheed, AeroVironment and Kratos (drones) and Rocket Lab (space), whose program volumes propagate demand into this sensor node.","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"Lockheed Martin","counterparty_slug":"lockheed-martin","confidence":"high","metric":null,"note":"록히드마틴 등 프라임에 EO/IR·우주 IR 센서 공급 — 국방·우주 완성체의 필수 눈으로 대체가 어려운 부품.","note_en":"Supplies EO/IR and space IR sensors to primes like Lockheed — the hard-to-replace 'eyes' of finished defense/space systems.","sources":[{"stance":"confirms","publisher":"Teledyne","publisher_en":"Teledyne","kind":"filing","lang":"en","published_at":"2026-01-21","url":"https://www.teledyne.com/en-us/investors/Documents/2025%20Q4%20-%20Teledyne%20Earnings%20Release.pdf","title":"Teledyne FY2025 4분기 실적","title_en":"Teledyne FY2025 Q4 results","excerpt":"프라임에 EO/IR·우주 IR 센서 공급.","excerpt_en":"EO/IR and space IR sensors to primes."},{"stance":"confirms","publisher":"Business Wire","publisher_en":"Business Wire","kind":"news","lang":"en","published_at":"2025-12-05","url":"https://www.businesswire.com/news/home/20251205322469/en/Teledyne-FLIR-Defense-Awarded-$42.5-Million-Drone-Contract-for-U.S.-Marine-Corps-Organic-Precision-Fires-Light-Program","title":"Teledyne FLIR, 해병 OPF-L Rogue 1 $42.5M","title_en":"Teledyne FLIR USMC OPF-L Rogue 1 $42.5M","excerpt":"프라임에 EO/IR·우주 IR 센서 공급.","excerpt_en":"EO/IR and space IR sensors to primes."}]},{"direction":"revenue","counterparty":"드론·우주·정부 (EO/IR 센서)","counterparty_slug":null,"confidence":"high","metric":null,"note":"드론·미사일·위성에 EO/IR·열영상 센서 공급(Rogue 1 600+대).","note_en":"EO/IR and thermal sensors to drones, missiles and satellites (600+ Rogue 1).","sources":[{"stance":"confirms","publisher":"Teledyne","publisher_en":"Teledyne","kind":"filing","lang":"en","published_at":"2026-01-21","url":"https://www.teledyne.com/en-us/investors/Documents/2025%20Q4%20-%20Teledyne%20Earnings%20Release.pdf","title":"Teledyne FY2025 4분기 실적","title_en":"Teledyne FY2025 Q4 results","excerpt":"드론·미사일·위성에 EO/IR·열영상 센서 공급(Rogue 1 600+대).","excerpt_en":"EO/IR and thermal sensors to drones, missiles and satellites (600+ Rogue 1)."},{"stance":"confirms","publisher":"Business Wire","publisher_en":"Business Wire","kind":"news","lang":"en","published_at":"2025-12-05","url":"https://www.businesswire.com/news/home/20251205322469/en/Teledyne-FLIR-Defense-Awarded-$42.5-Million-Drone-Contract-for-U.S.-Marine-Corps-Organic-Precision-Fires-Light-Program","title":"Teledyne FLIR, 해병 OPF-L Rogue 1 $42.5M","title_en":"Teledyne FLIR USMC OPF-L Rogue 1 $42.5M","excerpt":"드론·미사일·위성에 EO/IR·열영상 센서 공급(Rogue 1 600+대).","excerpt_en":"EO/IR and thermal sensors to drones, missiles and satellites (600+ Rogue 1)."}]},{"direction":"revenue","counterparty":"AeroVironment","counterparty_slug":"aerovironment","confidence":"mid","metric":null,"note":"에어로바이런먼트 드론·배회폭탄에 EO/IR 센서 공급 — 무인 무장의 표적 센서.","note_en":"Supplies EO/IR sensors to AeroVironment drones and loitering munitions — the targeting sensors of unmanned weapons.","sources":[{"stance":"confirms","publisher":"Teledyne","publisher_en":"Teledyne","kind":"filing","lang":"en","published_at":"2026-01-21","url":"https://www.teledyne.com/en-us/investors/Documents/2025%20Q4%20-%20Teledyne%20Earnings%20Release.pdf","title":"Teledyne FY2025 4분기 실적","title_en":"Teledyne FY2025 Q4 results","excerpt":"에어로바이런먼트 드론·munition에 EO/IR 센서 공급.","excerpt_en":"EO/IR sensors to AeroVironment drones/munitions."}]},{"direction":"revenue","counterparty":"Kratos","counterparty_slug":"kratos","confidence":"mid","metric":null,"note":"크라토스 무인기에 EO/IR 센서 공급.","note_en":"EO/IR sensors to Kratos drones.","sources":[{"stance":"confirms","publisher":"Teledyne","publisher_en":"Teledyne","kind":"filing","lang":"en","published_at":"2026-01-21","url":"https://www.teledyne.com/en-us/investors/Documents/2025%20Q4%20-%20Teledyne%20Earnings%20Release.pdf","title":"Teledyne FY2025 4분기 실적","title_en":"Teledyne FY2025 Q4 results","excerpt":"크라토스 무인기에 EO/IR 센서 공급.","excerpt_en":"EO/IR sensors to Kratos drones."}]},{"direction":"cost","counterparty":"검출기·광학·제조 (비공개)","counterparty_slug":null,"confidence":"low","metric":null,"note":"적외선 검출기·광학·제조.","note_en":"IR detectors, optics and manufacturing.","sources":[{"stance":"confirms","publisher":"Teledyne","publisher_en":"Teledyne","kind":"filing","lang":"en","published_at":"2026-01-21","url":"https://www.teledyne.com/en-us/investors/Documents/2025%20Q4%20-%20Teledyne%20Earnings%20Release.pdf","title":"Teledyne FY2025 4분기 실적","title_en":"Teledyne FY2025 Q4 results","excerpt":"적외선 검출기·광학·제조.","excerpt_en":"IR detectors, optics and manufacturing."}]},{"direction":"cost","counterparty":"전자부품·R&D (비공개)","counterparty_slug":null,"confidence":"low","metric":null,"note":"센서 전자부품·R&D.","note_en":"Sensor electronics and R&D.","sources":[{"stance":"confirms","publisher":"Investing.com","publisher_en":"Investing.com","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://www.investing.com/news/company-news/teledyne-flir-unveils-upgraded-rogue-1-block-2-drone-system-93CH-4700835","title":"Teledyne FLIR Rogue 1 Block 2","title_en":"Teledyne FLIR Rogue 1 Block 2 drone","excerpt":"센서 전자부품·R&D.","excerpt_en":"Sensor electronics and R&D."}]}]}