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Tag Archives: FLIR Systems

State Dept OKs $3.95B in F-16V Aircraft, Patrol Boats, TOW Missile Requests From Bahrain

The State Department has cleared Bahrain’s request to buy F-16V fighter aircraft variant, services for the upgrade of F-16 Block 40 jets to F-16V configuration, TOW missiles and fast-patrol boats under four foreign military sales agreements worth approximately $3.95 billion combined. Bahrain requested to purchase 19 F-16V fighter planes, jet engines, M61 Vulcan …

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James Cannon to Succeed Andrew Teich as FLIR Systems President, CEO

James Cannon, a more than 16-year veteran of Stanley Black & Decker, will serve as president and CEO of Wilsonville, Oregon-based sensor design and manufacturing firm FLIR Systems beginning June 19. He will succeed Andrew Teich, who is due to retire in February after an 18-year career at Flir, the company said Tuesday. “Our board of directors conducted a thorough …

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Andrew Teich to Retire as FLIR Systems President, CEO

Andrew Teich, president and CEO of FLIR Systems (Nasdaq: FLIR), plans to retire from his roles after an 18-year career at the Wilsonville, Oregon-based thermal imaging camera manufacturer. FLIR said Tuesday Teich, also a member of the firm’s board of directors, will continue to remain in service until the board finds …

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FLIR Systems Purchases Norway-Based UAS Maker Prox Dynamics for $134M

FLIR Systems (Nasdaq: FLIR) has acquired Oslo, Norway-based unmanned aerial systems manufacturer Prox Dynamics for approximately $134 million to create a new UAS business within the buyer’s surveillance segment. FLIR said Wednesday it also intends to expand its airborne sensor product line with the addition of Prox Dynamics. “The team at Prox Dynamics operates with …

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FLIR Systems Closes $259M Point Grey Research Buy in Machine Vision Market Push

FLIR Systems (Nasdaq: FLIR) has completed its purchase of Point Grey Research for $259 million cash in a strategy to expand the former’s footprint in intelligent imaging and machine vision markets. The newly acquired company will operate as Integrated Imaging Solutions business under FLIR’s original equipment manufacturer and emerging markets segment, FLIR Systems …

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FLIR Systems Buys Night Vision Tools Provider Armasight for $41M; Andy Teich Comments

FLIR Systems (Nasdaq: FLIR) has purchased San Francisco-based night vision and thermal imaging equipment supplier Armasight through a cash transaction valued at approximately $41 million. Andy Teich, president and CEO of FLIR, said in a statement released Tuesday the acquisition aims to expand the company’s portfolio of thermal weapon sights and scopes in support of …

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Andy Teich: FLIR Systems Eyes Security Tech Portfolio Growth Through $92M DVTEL Buy

FLIR Systems (Nasdaq: FLIR) has bought New Jersey-based video surveillance hardware and software maker DVTEL for about $92 million cash in a push to expand security product offerings. Andy Teich, FLIR president and CEO, said in a statement released Monday the acquisition complements FLIR’s strategy to deliver end-to-end technology platforms in …

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FLIR Makes Financial Move

FLIR Systems’ (NASDAQ: FLIR) board of directors announced a new dividend policy under which FLIR intends to pay a quarterly cash dividend of 6 cents per share on its common stock. According to the firm, “the first dividend of 6 cents per share of outstanding common stock, representing a planned …

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FLIR Releases Financial Stats

FLIR Systems (NASDAQ: FLIR) made the following results regarding financial results for the third quarter ended Sept. 30, 2010: “Revenue was $332.5 million, up 16 percent compared to third quarter 2009 revenue of $285.6 million. Operating income in the third quarter was $85.8 million, compared to $89.3 million in the …

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FLIR Systems to Purchase ICx

ICx Technologies (Nasdaq GM:ICXT) is set to be acquired by FLIR Systems (Nasdaq:FLIR) via a cash tender offer, followed by a merger with a subsidiary of FLIR, for a price of $7.55 per share in cash. According to the firm, “ICx’s Board of Directors has unanimously approved the merger agreement …

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