Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 33

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
120.0 $1,374.1 (a) U.S. Government sales include sales as a prime contractor or subcontractor.(b) Primarily commercial sales(c) Geographic region by destination

11

Six Months EndedJune 30, 2024Six Months EndedJune 30, 2024Customer TypeGeographic Region (c)(in millions)U.S. Govt. (a)Other (b)TotalUnited StatesEuropeAsiaAll otherTotalNet sales:Digital Imaging$253.0 $1,227.2 $1,480.2 $659.0 $402.0 $270.7 $148.5 $1,480.2 Instrumentation62.7 601.2 663.9 298.0 179.5 122.0 64.4 663.9 Aerospace and Defense Electronics119.6 260.5 380.1 256.6 67.6 38.7 17.2 380.1 Engineered Systems175.5 24.5 200.0 198.8 — 0.4 0.8 200.0 Total$610.8 $2,113.4 $2,724.2 $1,412.4 $649.1 $431.8 $230.9 $2,724.2 (a) U.S. Government sales include sales as a prime contractor or subcontractor.(b) Primarily commercial sales(c) Geographic region by destination

With the exception of the Engineered Systems segment, net sales in each segment are primarily derived from fixed price contracts.  Net sales in the Engineered Systems segment are typically between 45% and 55% fixed price contracts in a given reporting period, with the balance of net sales derived from cost-reimbursable type contracts.  For the six months ended June 29, 2025, approximately 47% of net sales in the Engineered Systems segment were derived from fixed price contracts.Contract LiabilitiesBalance atContract Liabilities by Balance Sheet Location (in millions)June 29, 2025December 29, 2024Accrued liabilities$341.3 $312.6 Other long-term liabilities43.9 30.5 Total contract liabilities$385.2 $343.1 The Company recognized revenue of $152.7 million during the six