Friday, January 23, 2009

Teledyne 4Q report

Teledyne Technologies profits rose 24 percent for 2008 to $122.2 million, with fourth quarter profit up 16 percent to $30.8 million. The company's Mobile subsidiary, Teledyne Continental Motors, lost $2.8 million in the fourth quarter compared to a $3 million profit in the same three months of 2007. Teledyne Continental employs 440 at the Brookley Field Industrial Complex. (Source: Mobile Press-Register, 01/23/09)