growth continued in 1962, with the acquisition of companies primarily through equity agreements. Singleton began the expansion of company business into areas other than microelectronics and control systems. He formed Teledyne Systems as the centerpiece of the firm's aerospace systems business. By the end of the second fiscal year, Teledyne sales had increased 230% and net income by approximately 570%.

Over the next three years, Singleton was successful in further growing Teledyne. New companies were acquired in the microelectronics and