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Teledyne Increases Ownership Stake in Ocean Aero

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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has invested additional capital and increased its ownership interest in Ocean Aero, Inc. to approximately 37 percent. Based in San Diego, California, Ocean Aero is designing unmanned surface vehicles that will also have the ability to descend subsea. Terms of the transaction were not disclosed. Unlike traditional unmanned surface vehicles or autonomous underwater vehicles (AUVs), Ocean

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