in the news: Teledyne Subsidiary Gets $178M Navy Contract to Build Manned Combat Submersibles

A Teledyne Technologies (NYSE: TDY) subsidiary has secured a potential $178M follow-on contract to manufacture underwater combat personnel delivery vehicles for Naval Sea Systems Command.

Teledyne Brown Engineering will continue to produce MK11 Shallow Water Combat Submersible systems and  spares as well as provide engineering and technical services through fiscal 2024 under the sole-source award, the company said Monday.

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