15 Facts About Teledyne Technologies

Allegheny Technologies retained several companies of the former Teledyne, Inc that fit with Allegheny's core business of steel and exotic metals production.

At various times, Teledyne Technologies, Inc, had more than 150 companies with interests as varied as insurance, dental appliances, specialty metals, and aerospace electronics, but many of these had been divested prior to the merger with Allegheny.

The new Teledyne Technologies was initially composed of 19 companies that were earlier in Teledyne, Inc By 2011, Teledyne Technologies had grown to include nearly 100 companies.

Teledyne Technologies currently operates with four major segments: Digital Imaging, Instrumentation, Engineered Systems, and Aerospace and Defense Electronics.

Teledyne Technologies's growth continued in 1962, with the acquisition of companies primarily through equity agreements.

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Internally, Teledyne Technologies Systems was formed as the centerpiece of the firm's aerospace systems business, diversifying the business base into government contracts with NASA and the US Department of Defense.

Teledyne Technologies Controls was established, moving the Company into the field of hydraulics.

Teledyne Technologies entered the optics field with the acquisition of Kiernan Optics, producing windows for the Apollo spacecraft and infrared optical domes for missiles.

In early 1965, Teledyne Technologies had a major breakthrough in winning a large contract from the US Navy for the Integrated Helicopter Avionics System, giving Teledyne Technologies a name in the military market.

Teledyne Technologies was divided into groups, and by the end of the 1960s, there were 16 groups with 94 profit centers in 120 locations.

In late 1994, Teledyne Technologies was subjected to a hostile takeover attempt by WHX Corporation.

ATI eventually decided to spin off the segments into independent entities, and on November 29,1999, Teledyne Technologies Incorporated, Allegheny Technologies Incorporated, and Water Pik Technologies, Inc, were formed.

In November 1999, Teledyne Technologies acquired certain assets of Mattituck Aviation Corporation, a privately owned aftermarket supplier and piston engine rebuilder and overhauler to the general aviation marketplace.

Teledyne Technologies acquired Rockwell Scientific in 2006, and continued doing scientific and industrial research at the site, in addition to having its corporate offices there.

The renewed Teledyne Technologies operated in much the same manner as Singleton's early Teledyne Technologies, functioning as a conglomerate with growth mainly due to acquisitions.