Teledyne sinks to new depths in search of oil and gas.(NEWS & ANALYSIS)(Teledyne Technologies Inc. acquires Benthos Inc. and RD Instruments Inc.) From: Los Angeles Business Journal | Date: November 21, 2005| Author: Myerhoff, Matt | COPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Looking to drive up profits, Teledyne Technologies Inc. has its eye firmly on the sea floor.

The Los Angeles-based maker of electronic components, aircraft engines and other devices has just acquired two companies that manufacture sensors used to search for underwater gas and oil fields.

The moves position the company as the only large player in a small and fragmented industry--but one expected to grow sharply as known energy reserves are tapped out and demand...

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