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. Q2 2026 sales hit $1,662.5 million (up 9.8%) with record quarterly orders, sales and operating profit; infrared detectors for space and airborne uses and unmanned systems led Digital Imaging growth, and the full-year EPS outlook was raised.
Business categories Defense Electronics & Sensors · Defense · primary
TDY Updated Oct 9, 2026 4 AI consumers· 3 recurring
Per the valuechain.wiki graph, Teledyne Technologies is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 6 companies within two hops; the links are backed by 6 dated sources, 3 of them primary filings (as of 2026-10-09).
Financials & Segments
- Total revenue · 2025 revenue $6.23B (+7.9%) · Q2 2026 $1.66B (+9.8%, quarterly record)
- 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).Confirms EN U.S. SEC (EDGAR) Published Jul 22, 2026: Teledyne Technologies Q2 2026 earnings release (8-K Ex. 99.1) - 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
- Sidus Space High confidence· Revenue share 20% · 2026 상반기 · Teledyne Marine share of Sidus H1 total revenue ($0.94M) per the 10-Q customer-concentration table (Q2 alone 19%)
Teledyne Marine (the marine group in the Instrumentation segment) sources machined and assembled components from Sidus Space for its Texas, Florida and Massachusetts facilities. It is a small contract-manufacturing relationship running since a July 2019 master supply agreement; immaterial for Teledyne, but Sidus's largest customer at 20% of H1 2026 revenue.Confirms EN Sidus Space IR Published Jul 19, 2022: Sidus Space Expands Relationship and Increases Deliverables to Teledyne Technologies - 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 | -24.6 |
| Lockheed Martin | lead1 | +3.2 | +40.5 | -4.3 | +10 | +2.5 | +10.6 |
| Kratos Defense | lead1 | -29.3 | -46.8 | +96.6 | +30 | +187.8 | -37 |
| 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 | +20.2 |
| Sidus Space | benef1 | · | · | -91.9 | -44.4 | -35.9 | -50.6 |
| SpaceX | benef2 | · | · | · | · | · | +0.7 |
YTD as of 2026-10-09 · source: Yahoo Finance
Teledyne Technologies operates across NYSE, Defense/space EO/IR sensors, thermal (FLIR). It stayed steadily positive in recent years and is +19.6% in 2026. The stock (+19.6%) and its demand side (avg -22.2%) are moving in step. Among connected nodes the furthest ahead is Lockheed Martin (+10.6%) and the furthest behind is AeroVironment (-40.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It supplies space IR detectors to most primes, penetrating the defense-space chain broadly, though results track defense-budget and program cycles.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 1 · Sell 0 · Avg. target $747 · Price $613.66 (10-09) · Upside +22%
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
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