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| Offices of Teledyne Controls. Photo: Teledyne |
[Avionics Today 02-08-2016] Teledyne Technologies’ aerospace and defense electronics segment’s fourth quarter 2015 sales increased 6.5 percent from the fourth quarter 2014, coming in at $153.9 million. The fourth quarter 2015 sales reflected higher sales of $11.3 million from avionics products and electronic relays, partially offset by lower sales of $2.2 million for electronic manufacturing services products and $0.9 million of microwave and interconnect systems.
Operating income was $21.3 million for the fourth quarter of 2015, compared with $20 million in 2014, an increase of 6.5 percent. Operating income in the fourth quarter of 2015 reflected the impact of improved margins for microwave and interconnect systems, collectively, as well as increased sales of higher margin avionics products.
Teledyne’s overall sales fell, however, dropping to $600 million in the fourth quarter 2015, compared with sales of $622.3 million for the fourth quarter of 2014, a decrease of 3.6 percent.