Jordan Lyons's questions to Teledyne Technologies Inc (TDY) leadership • Q4 2024
Question
Jordan Lyons questioned if the 4% organic growth outlook for the defense business was conservative, especially in light of strong government spending trends, and asked if any specific program changes were influencing the forecast.
Answer
Executive Chairman Robert Mehrabian expressed bullishness on the defense business, clarifying that the outlook is strong. He highlighted that FLIR's defense business grew nearly 9% in Q4 and is expected to grow another 6% in the upcoming year. He emphasized that Teledyne's favorable position in unmanned systems, electronic warfare, and EOIR sensors makes it resilient regardless of which specific large programs move forward.