Teledyne Technologies’ Marine division announced a follow‑on order for additional Gavia autonomous underwater vehicle (AUV) systems and payload modules from the Swedish Defence Materiel Administration (FMV). The contract was signed at the Navy Tech Conference in Gothenburg on March 27, 2026, building on the initial delivery of four Gavia systems to the Swedish Armed Forces in 2025.
The new agreement is part of a multi‑year framework that began in 2025. While the financial value and exact number of units were not disclosed, the order is expected to generate revenue in the coming fiscal year and further cement Teledyne’s presence in the European unmanned systems market.
The Gavia AUV’s modular design allows rapid reconfiguration for mine countermeasures, explosive‑ordnance disposal, and underwater‑infrastructure surveys, making it a versatile platform for the Swedish Navy. The follow‑on order signals continued confidence from FMV and aligns with Sweden’s broader modernization of its naval capabilities.
Stefán Reynisson, Vice President and General Manager of Teledyne Gavia, said, “This follow‑on order reinforces the value of Gavia’s modular design and proven performance, and we are proud to continue supporting Sweden’s undersea operational capabilities.” George Bobb, President and CEO of Teledyne, added that autonomous underwater systems are a key focus for the company’s future growth.
The contract adds to Teledyne’s growing portfolio of defense and commercial AUVs, supporting the company’s strategy to expand its high‑margin marine‑technology segment. With Teledyne’s overall revenue growth remaining strong—full‑year 2024 revenue at $5.67 billion and a projected $6.00 billion for 2025—the new order is a positive reinforcement of the company’s market position and execution capability.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.