Teledyne FLIR Defense, a subsidiary of Teledyne Technologies, has been awarded a $42.5 million contract by the U.S. Marine Corps Systems Command for Delivery Order 3 of the Organic Precision Fires‑Light (OPF‑L) program. The order covers more than 600 Rogue 1 reusable loitering‑munition systems, along with ground‑control stations and training kits, with deliveries scheduled to begin in summer 2026.
This award marks Teledyne FLIR Defense’s first production‑rate contract in the loitering‑munition market, following a test‑and‑evaluation contract issued in 2024. The contract expands the company’s footprint in the U.S. defense market and provides a predictable, multi‑year revenue stream that will support the growth of its unmanned‑systems franchise and broader defense‑electronics portfolio.
Teledyne’s Q3 2024 results showed net sales of $1,443.5 million, up 2.9% year‑over‑year, and GAAP diluted earnings per share of $5.54, a rise from $4.15 in Q3 2023. The company’s non‑GAAP operating margin was 22.5% in Q3 2024, slightly below the 22.8% margin reported a year earlier. The new contract is expected to add a significant portion of revenue in the coming quarters, helping to sustain the upward trajectory in sales and earnings that the company has demonstrated over the past year.
The OPF‑L program is designed to give Marine Corps rifle squads and platoons a man‑packable precision‑strike capability. Rogue 1’s reusability and modular payloads reduce logistical burden and increase mission flexibility, addressing a key demand driver for modern ground forces. By winning this contract, Teledyne FLIR Defense strengthens its position in a growing segment of the defense market that is increasingly focused on unmanned, precision‑fire solutions.
Dr. JihFen Lei, President of Teledyne FLIR Defense, said the contract “underscores the continued demand for our precision‑fire and loitering‑munition technologies and confirms the Rogue 1 platform’s ability to enhance Marine lethality.” George Bobb, CEO of Teledyne Technologies, added that the award “represents the company’s first production‑rate contract in the loitering‑munition market, following the initial test‑and‑evaluation work in 2024.”
The contract places Teledyne FLIR Defense alongside AeroVironment and Anduril in the OPF‑L program, which together received a combined IDIQ contract worth up to $249 million. The competitive selection highlights the growing importance of loitering munitions in U.S. military planning and positions Teledyne as a key supplier in a high‑growth niche.
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