Home / M&A Activity / FLIR Finalizes Endeavor Robotics Purchase; James Cannon Quoted

FLIR Finalizes Endeavor Robotics Purchase; James Cannon Quoted

James Cannon

FLIR Systems (Nasdaq: FLIR) completed its acquisition of Endeavor Robotics from Arlington Capital Partners in a $382 million cash deal.

Endeavor, formerly iRobot Defense and Security, will now operate as part of the unmanned systems and integrated solutions division of FLIR’s government and defense business unit, FLIR said Monday.

James Cannon, president and CEO of FLIR, said the transaction enhances the company’s efforts to deliver unmanned ground and aerial systems to meet the requirements of warfighters, critical infrastructure and public safety professionals.

FLIR initially announced the transaction in February and expects the deal to be $0.03 dilutive to its adjusted earnings per share in 2019.

Check Also

Leonardo’s Single-Engine Training Helicopter Gets FAA Certification

Leonardo's training helicopter offering for the U.S. Navy has received supplemental type certification from the Federal Aviation Administration under instrument flight rules. TH-119 is based on the AW119 single-engine helicopter and designed to operate in low visibility and extreme weather conditions, the company said Thursday.

Raytheon to Support UK’s Smallsat Development Efforts via Public-Private Collaboration; Dave Wajsgras Quoted

Raytheon (NYSE: RTN) has agreed to join the Artemis Industry Association under an agreement with the U.K. ministry of defense to help the British government further its small satellite programs and develop space technology platforms.