Teledyne Technologies Incorporated (NYSE:TDY) announced that Teledyne Qioptiq has received the first option from the German Bundeswehr for PHOENIX-XR cooled weapons sights valued at more than $21 million.
This is part of the previously announced framework agreement between Germany and Teledyne Qioptiq valued at up to $175 million.
Upon completion of this tranche, Teledyne Qioptiq will have delivered more than 1,000 PHOENIX-XR units to the German Ministry of Defence, reinforcing the company's position as Europe's leading supplier of ITAR-free cooled thermal weapon sights.
This award marks the largest European procurement of cooled thermal weapon sights in Teledyne Qioptiq's history and highlights the company's growing momentum in advanced soldier-system imaging technologies.
Teledyne Qioptiq continues to support major defence programmes across Europe, Asia-Pacific and North America with advanced optical and imaging solutions for dismounted soldier systems, vehicle platforms and airborne applications.
"This contract underscores our commitment to equipping today's soldiers with the most advanced and dependable optical capabilities available," said Peter White, Senior Vice President, Optical Systems & Managing Director, Teledyne Qioptiq.
"Our systems are designed to perform in the most challenging conditions, and we are proud to support our customer's mission readiness and long-term modernisation goals."
The PHOENIX-XR is a high-performance cooled Medium Wave Infrared (MWIR) clip-on thermal weapon sight engineered for long-range precision engagement.
TDY shares jumped $3.27 to $610.46.
