NYSE · Defense/space EO/IR sensors · thermal (FLIR)
Teledyne Technologies
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.
TDY Updated Jul 12, 2026 2 AI consumers
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).
Financials & Segments
- Total revenue · 2025 revenue $6.23B (+7.9%)
- Customer concentration · Space IR and drone sensors to primes.
- Segments · FLIR EO/IR sensors · Space/scientific imaging · Instrumentation
Revenue from
- Lockheed Martin High confidence
Supplies EO/IR and space IR sensors to primes like Lockheed — the hard-to-replace 'eyes' of finished defense/space systems. - Drones · space · government (EO/IR sensors) High confidence
EO/IR and thermal sensors to drones, missiles and satellites (600+ Rogue 1). - AeroVironment Medium confidence
Supplies EO/IR sensors to AeroVironment drones and loitering munitions — the targeting sensors of unmanned weapons. - Kratos Defense Medium confidence
EO/IR sensors to Kratos drones.
Pays to
- Detectors · optics · manufacturing (undisclosed) Low confidence
IR detectors, optics and manufacturing. - electronicscomponents · R&D (undisclosed) Low confidence
Sensor electronics and R&D.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Korea Aerospace Industries | lead2 | +15.4 | +34.6 | +7 | +5.5 | +217.9 | -14 |
| Lockheed Martin | lead1 | +3.2 | +40.5 | -4.3 | +10 | +2.5 | +9.5 |
| Kratos Defense | lead1 | -29.3 | -46.8 | +96.6 | +30 | +187.8 | -36.5 |
| AeroVironment | lead1 | -28.6 | +38.1 | +47.1 | +22.1 | +57.2 | -40.2 |
| Teledyne Technologies | node | +11.5 | -8.5 | +11.6 | +4 | +10 | +24.3 |
YTD as of 2026-07-10 · source: Yahoo Finance
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 generated from returns as of 2026-07-09Analyst ratings
Consensus: Buy 2 · Hold 1 · Sell 0 · Avg. target $747 · Price $634.6 (07-10) · Upside +18%
Analyses covering this node
- The anchor tenant of Earth observation: reconnaissance budgets built the EO industry Jul 4, 2026
- Essentiality is not sufficient for a re-rating: EDA and the missing bottleneck Jun 23, 2026