On the defense.National security is big business these days, and Los Angeles-based Teledyne Teledyne Technologies Inc. NYSE: TDY is an industrial conglomerate primarily based in the United States but with global operations. It was founded in 1960 by Henry Singleton and George Kozmetsky. Technologies Inc. is positioning itself to become a major player. The company and its subsidiary, Teledyne Brown Engineering Teledyne Brown Engineering, or TBE, formerly Brown Engineering, is a Huntsville, AL–based subsidiary of Teledyne Technologies (NYSE: TDY). TBE was acquired by Teledyne Technologies in 1966. , acquired Colorado-based CollaborX Inc., a government and military engineering firm, for $17.5 million last week. Teledyne is a leading provider of sophisticated electronic components and communications products. It also provides systems engineering and technology for manufacturers, environmental, space and defense applications. The U.S. government is a major customer, with most of that business in the defense realm. Teledyne's total sales in 2005 were $1.2 billion, around 42 percent of which were to the government, the bulk for defense systems. The CollaborX purchase is intended to build on that success. Teledyne, which has contracts with the U.S. Navy and U.S. Army, saw CollaborX and its contracts with the U.S. Air Force as a means of broadening its defense base. "It tends to have a stronger presence with the Air Force," said Teledyne representative Jason VanWees. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have a similar type of work to our core market." VanWees said that Teledyne's primary focus now is developing a massive missile defense system Noun 1. missile defense system - naval weaponry providing a defense system missile defence system naval weaponry - weaponry for warships . "There is one end of homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States that has to do with a guy with a bomb," VanWees said. "And there's another end that has to do with missile defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged for the country." BY DAN COX Staff Reporter |
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