October 3, 2022
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Teledyne wins $596M space station contract

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Thousand Oaks-based Teledyne won a NASA contract worth as much as $596 million, the company announced Sept. 8.

In a news release, Teledyne, a technology and defense conglomerate, said its subsidiary, Teledyne Brown Engineering, was awarded the Marshall Operations, Systems, Services and Integration II (MOSSI II) contract for the International Space Station. It has a potential mission services value of $596 million and a maximum potential indefinite-delivery/indefinite-quantity value of $85 million over eight years.

As the prime contractor, Teledyne is responsible for the management, personnel, supplies, and equipment to support mission operations and ground systems development services for International Space Station. The majority of the work will be done at Marshall Space Flight Center in Huntsville, Alabama, and Johnson Space Center in Houston, Texas.

MOSSI II consists of all phases of space station operations including mission preparation, crew and flight controller training and real-time spaceflight operations, as well as maintaining support infrastructure.

Teledyne Brown Engineering has already supplied more 175,000 hours of round-the-clock support for the ISS, Teledyne said. The company also supports NASA’s scientific research aboard the ISS by  integrating more than 3,000 payloads, providing crew training activities for these payloads, developing experiment procedures, and delivering real-time support to science teams from around the world.

Shares of Teledyne were up 2% on Sept. 8, closing at $380.07 a share. Teledyne reported record earnings per share of $3.59 in its most recent quarter, as well as record revenue of $1.35 billion, up 20.9% from the same quarter in 2021.