Teledyne Technologies Incorporated: Update to credit analysis following upgrade to Baa2 with a positive outlook
Our credit view of this issuer reflects its expectations of steady operating performance and its good diversity by end market with varied demand drivers.Teledyne Technologies provides technologies for industrial markets. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research. The company's products include digital imaging sensors, cameras and systems within the visible, infrared and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, and harsh environment interconnects, among others. The company has four segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics and Engineered Systems.
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