A camera on a factory line that spots a cracked part before it ships may well contain Teledyne equipment. So might an instrument lowered into the sea to test the water. The company builds hardware that lets customers see, measure and send information where failure is costly, from imaging sensors to electronics for aircraft and satellites. Its buyers work in factories, defense, ocean research, energy, medical imaging and drug research. It has grown mainly by buying other businesses and then running them more profitably.
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