Teledyne Raises Ocean Aero Stake to 37%; Robert Mehrabian Comments

Robert Mehrabian
Robert Mehrabian

Teledyne Technologies (NYSE: TDY) has increased its equity stake in autonomous underwater system developer Ocean Aero to almost 37 percent for an undisclosed amount.

San Diego-based Ocean Aero has designed unmanned platforms to work in surface and subsurface waters and aid in defense, scientific and energy projects, Teledyne said Thursday.

Robert Mehrabian, chairman, president and CEO of Teledyne, said he believes Ocean Aero’s technology will complement Teledyne’s autonomous underwater vehicles and remotely operated systems.

According to Teledyne, unmanned underwater and surface vessels can travel on the ocean surface to transmit communications as well as submerge to perform water column analyses.

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