Oct 22 (Reuters) - Teledyne Technologies ( TDY ) raised

its 2025 profit forecast on Wednesday, betting on sustained

demand for its defense electronics and military drones.

The maker of target detection sensors also beat Wall Street

expectations for its third quarter results.

Defense contractors and suppliers are benefiting from a

surge in demand for military equipment as geopolitical tensions

rise and global conflicts simmer.

The company, however, cautioned of a possible short-term hit

to new contracts from the U.S. government shutdown that is now

three weeks old.

Teledyne ( TDY ) raised its annual adjusted profit forecast to

between $21.45 and $21.60 per share, from $21.20 to $21.50 per

share.

It posted a third-quarter revenue of $1.54 billion, up 6.7%

from a year ago and above expectations of $1.53 billion,

according to data compiled by LSEG.

Its adjusted profit per share came in at $5.57, also

surpassing estimates of $5.48.