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Teledyne Wins $120 Million NASA Contract

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On Thursday, Teledyne (NYSE: TDY  ) announced that its Teledyne Brown Engineering subsidiary has won a five-year prime contract to continue supporting the International Space Station Payload Operations Integration Center, a contract worth potentially $120.1 million.

During past work on similar contracts, Teledyne has been asked to integrate payloads into the ISS, train crews to install and use these payloads, assist in preparation of science experiments, and provide real-time support to science teams aboard the station. So essentially, Teledyne is helping to coordinate work being conducted between two teams of scientists -- those up in space aboard the ISS, and those down on Earth, working with the astronauts on experiments, and helping to analyze the results.

The new contract term begins March 1, and is expected to run through the next five years.

Teledyne shares reacted positively to the announcement, gaining 0.3% on a down day for the market, and closing at $69.19.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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