This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Teledyne To Develop Space-Based Digital Imaging Capability

Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded a Cooperative Agreement by the National Aeronautics and Space Administration (NASA) to foster the commercial utilization of the International Space Station.

Under the agreement, Teledyne Brown will develop the Multi-User System for Earth Sensing (MUSES), an Earth imaging platform, as part of the company’s new commercial space-based digital imaging business. MUSES is designed to host earth-looking instruments, such as high-resolution digital cameras, and provide precision pointing and other accommodations. It can host up to four instruments simultaneously and offers the ability to change, upgrade, and robotically service those instruments. Teledyne expects to provide the first commercial imaging system on board the facility.

MUSES will help expand the research capability of the space station and provide other commercial companies with a cost-effective means to collect earth images. Under the terms of the agreement, Teledyne will operate, maintain, and sustain the MUSES and provide services to hosted instruments.

“This new venture combines our rich 50-year history in human space flight with Teledyne’s world-class digital imaging expertise to access the growing space-based earth imaging market,” said Robert Mehrabian, chairman, president, and chief executive officer of Teledyne Technologies.

The MUSES design is based on a flight releasable attachment mechanism, or FRAM, a universal mounting platform that Teledyne Brown has manufactured for over 10 years. Teledyne Brown is finalizing the design of MUSES and will fabricate, assemble, test, integrate, and qualify the platform for delivery in late 2014 to NASA. Launch of the MUSES system is scheduled to occur in early 2015.

Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies’ website at www.teledyne.com



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,945.06 +25.47 0.15%
S&P 500 1,980.90 -0.70 -0.04%
NASDAQ 4,518.9370 -8.5770 -0.19%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs