Thursday, December 3, 2020

Teledyne Technologies (TDY) Stock Just Missed Its 52-Week High On Wednesday

Must read

U.S. Indices Started December With A Record Breaking Day

Wall Street began December on the right foot after gains of 11 percent to 12 percent for its key indices in November, with the...

Spirit Airline (SAVE), United Airline (UAL) Stock Surged, Quicker Recovery Will Be The Key To Growth

Good news on the efficacy of COVID-19 vaccines confirms stocks from airlines that have been among the most impacted by social activity constraints. Optimism...

Oil Futures Saw Below 1% Decline, OPEC Still To Decide Upon Production Cuts

On Monday, November 30, after a rise of 1.1 percent during Friday trading, price of oil futures declined -0.4 percent to $45.34 per barrel...

Death Toll In U.S. Could Reached 321,000 In A Month, Air Traveling Rose 22% This Week

In recent weeks, the outbreak of coronavirus has led to new travel restriction initiatives in a number of U.S. states and cities, including California,...

The American technology corporation Teledyne Technologies Incorporated (TDY) has won a contract of $85 million to supply components for the U.S. lunar program.

As a manufacturer of parts of deep space transport systems, Teledyne will become one of the beneficiaries of space exploration. In the development of a record-breaking, costly transport system consisting of the SLS rocket and the Orion spacecraft, Teledyne plays an important role. The LVSA link portion, which allows Orion to be attached to an SLS rocket and provides launch load delivery, separation, and transport of secondary payloads, such as nano-satellites, has been developed and manufactured by Teledyne.


My #1 Stock Trade This Year (HINT: It's a COVID-19 Play)

Get Ready for my next COVID-19 stock idea. I have been very fortunate in discovering biotech, therapeutic and diagnostic companies within the COVID-19 space, before wall street catches on. Our goal for our members is to get our Alert’s first before the crowd.    

>> Sign Up Now to Get Name & Ticker Symbol of Next Triple-Digit Gainer <<

Sponsored


Teledyne received $85 million as part of a new deal with NASA to supply two additional LVSA adapters for the Artemis II and III lunar missions. The first mission is scheduled for 2023 and includes the Orion spacecraft’s flyby of the moon. The Artemis III mission will take place in 2024 if successful, with a landing near the south pole of the moon and a two-person habitable module remaining for a week on the moon surface.

Teledyne, through its division of Teledyne Brown Engineering, is interested in the new moon landing. The business has engineering and technical support agreements for missions and if there are further flights, new contracts will be awarded to Teledyne. If the new U.S. President administration redirects funding for space programs towards tracking the Earth’s atmosphere, the U.S. lunar program will be slowed down.

The demands for heavy rockets will however, increase in the future, and remote earth sensing often requires carriers to launch payloads into space.

Teledyne Technologies Incorporated (TDY) shares were down 0.58 percent on Wednesday and ended the trading session at $391.87 but its day high of $398.68 on the day has just missed the 52-week high of $398.99. Over the last 5 session the stock is up 6.61 percent.

Get The Best Stocks To Trade Every Day!

Join now to get the DBTnews.com pre-market morning brief 100% free

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

U.S. Indices Started December With A Record Breaking Day

Wall Street began December on the right foot after gains of 11 percent to 12 percent for its key indices in November, with the...

Oil Futures Saw Below 1% Decline, OPEC Still To Decide Upon Production Cuts

On Monday, November 30, after a rise of 1.1 percent during Friday trading, price of oil futures declined -0.4 percent to $45.34 per barrel...

Death Toll In U.S. Could Reached 321,000 In A Month, Air Traveling Rose 22% This Week

In recent weeks, the outbreak of coronavirus has led to new travel restriction initiatives in a number of U.S. states and cities, including California,...

Spirit Airline (SAVE), United Airline (UAL) Stock Surged, Quicker Recovery Will Be The Key To Growth

Good news on the efficacy of COVID-19 vaccines confirms stocks from airlines that have been among the most impacted by social activity constraints. Optimism...

NVIDIA (NVDA) Stock Lost After Q3 Results, Record Revenues Did Not Help

The graphics chip (GPU) manufacturer NVIDIA Corp. (NVDA) issued its report for the third quarter of the fiscal year 2021 after the close of...

Get The Best Stocks To Trade Every Day!

Join now to get the DBTnews.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the DBTNews.com pre-market morning brief 100% free

We do not sell or share your information with anyone.