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Teledyne gets $25.5M contract

By   /   Thursday, October 14th, 2010  /   Comments Off on Teledyne gets $25.5M contract

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Thousand Oaks-based Teledyne Technologies has won a $25.5 million federal contract for technology that would guide a single .50-caliber bullet to a faraway moving target in high winds.

Teledyne Scientific & Imaging, a Teledyne subsidiary, announced the award on Oct. 14. It comes from the Defense Advanced Research Projects Agency, or DARPA, the arm of the Defense Department that funds research into futuristic weapons.

The money will go toward the second phase of what Teledyne calls its EXACTO program, which stands for “extreme accuracy tasked ordnance.”

A group of defense contractors led by Teledyne is designing and building “an actively guided, maneuverable .50 caliber bullet, fire control system and ancillary subsystems,” according to release from Teledyne.

Robert Mehrabian, the former dean of engineering at UC Santa Barbara and now chief executive of Teledyne, said in a news release that the program will “support future armed service objectives for ultra-high precision and affordable guided weapons for the warfighter.”

Teledyne Scientific & Imaging has facilities in Thousand Oaks and Camarillo.

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