Teledyne Applied sciences Included (TDY) forty seventh Annual TD Cowen Aerospace and Protection Convention February 12, 2026 11:30 AM EST
Firm Contributors
George Bobb – President, CEO & Director
Jason VanWees – Vice Chairman
Convention Name Contributors
Joseph Giordano – TD Cowen, Analysis Division
Presentation
Joseph Giordano
TD Cowen, Analysis Division
Okay. All proper. We’ll get began right here. Thanks, everybody, for becoming a member of us. My identify is Joe Giordano. I am the industrials analyst at TD. Excited to have Teledyne with us at this time. We received George and Jason, and we’re simply going to leap proper into the dialog. If anybody has any questions, simply elevate your hand, I am pleased to cease and we are able to do this. In any other case, I am going to simply kick it off.
Query-and-Reply Session
Joseph Giordano
TD Cowen, Analysis Division
Guys, thanks quite a bit for being right here. Admire it. Perhaps simply given the theme of the convention, and we’ll dive into just like the parts of it, possibly simply body out for everyone what your — how your A&D publicity is, after which we’ll dive into just like the subcomponents and all.
George Bobb
President, CEO & Director
Certain, certain. So there’s about 30% of our enterprise is protection, and I can break that down sooner or later. About 5% of the enterprise is business aviation and one other, name it, 6%, 7% is house.
Joseph Giordano
TD Cowen, Analysis Division
So I needed to dive into the unmanned stuff as a result of that is the place we’re getting a ton of questions. So you’ve got stated this, it is $500 million. It is rising possibly 10% in ’26. What’s driving that proper now? Sure.
George Bobb
President, CEO & Director
So in all probability good to grasp what makes up that $500 million. Let’s do this, proper? So about $200 million of that $500 million is unmanned aerial methods like our Black Hornet drone, our SkyRaider, our Rogue 1