Teledyne's Unit Bags Contract To Supply Black Hornet Nano-Drones To Ukraine

Teledyne Technologies Incorporated's unit TDY Teledyne FLIR Defense plans to produce Black Hornet 3 Personal Reconnaissance Systems for use in Ukraine as part of an order from Norway's Ministry of Defense.

Ukrainian forces are using black Hornet drones through donations made last summer by the Norwegian and British governments, the company said. 

"We are honored and proud to support Norway's efforts to assist forces in Ukraine," said Dr. JihFen Lei, executive vice president and general manager of Teledyne FLIR Defense. 

The pocket-sized nano drones weigh 33 grams and measure 168 millimeters (less than seven inches). It is well suited for operations in highly contested and GPS-denied environments.

"The Black Hornet has proven to be game-changing technology that can help soldiers perform missions more safely and effectively," Lei added.

The U.S. Army has placed Black Hornet orders worth more than $140 million over the past five years.

Price Action: TDY shares are trading lower by 1.13% to $411.53 on the last check Monday.