Teledyne Technologies Incorporated (NYSE:TDY) is looking for acquisitions. Chairman, President and Chief Executive Officer, Robert Mehrabian, said "we are -- at the present time, we are pursuing bolt-on acquisitions. But in the long term, we would also look at larger acquisitions.

What do I mean by large? Anything that goes beyond a couple of billion dollars takes a little time. So even at this time, we can look at those things because it takes 10 months to a year to close".