Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 21

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 21
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.  Such applications include aircraft, radar, electronic countermeasures, weapon systems, space, wireless and satellite communications and terminals and test equipment.

We provide onboard avionics systems and ground-based applications that allow civil and military aircraft operators to access, manage and utilize their data more efficiently.  Our products include aircraft data and connectivity solutions, hardware systems, and software applications used by commercial airlines and the U.S. military, and we provide services related to our products. 

Engineered Systems Segment

Our Engineered Systems segment provides innovative systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental and energy applications.  This segment also designs and manufactures electrochemical energy systems and manufactures specialty electronics for demanding military applications.  

Our core business base includes National Aeronautics and Space Administration (“NASA”), the U.S. Department of Defense, the U.S. Department of Energy, foreign militaries and commercial customers.

Customers

We have a broad and diversified customer base in the various markets we serve.  No commercial customer in 2024 or 2023 accounted for more than 10% of net sales for any of our segments or for the total Company.

Total sales to international customers were $2,731.1 million in 2024 and $2,740.1 million in 2023.  Of these net sales to international customers, our businesses in the United States accounted for $950.0 million in 2024 and $900.5 million in 2023.  

In both 2024 and 2023, we sold products to customers in over 100 foreign countries.  Approximately 90% of our net sales to international customers during 2024 were made to customers in 30 foreign countries.  In 2024, the top five countries for sales to international customers, ranked by net sales, were the United Kingdom, China, Germany, Japan and France and represented approximately 19% of our total net sales.  There were no sales to individual countries outside of the United States in excess of 10% of our sales.

3

Information on our net sales to the U.S. Government, including direct sales to agencies as a prime contractor and indirect sales as a subcontractor, was as follows (in millions):

U.S. Government sales by segment:202420232022Digital Imaging$557.1$570.7$619.1Instrumentation123.595.9108.1Aerospace and Defense Electronics307.5330.3266