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Search Results for: FLIR

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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Defense News: Raytheon-DRS Team to Help Army Build FLIR Sensors Under $154M Contract

A team comprising Raytheon (NYSE: RTN) and DRS Technologies has been awarded a potential $154.4 million contract by the U.S. Army to help develop sensor technology for soldiers to detect targets through fog, Defense News reported Thursday. Jen Judson writes the companies will provide up to 96 3rd Generation FLIR B-Kits to the Army as …

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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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URS Wins $111M for Army Giraffe, FLIR Star System Maintenance; Randy Wotring Comments

URS Corp. (NYSE: URS) has won a potential $111 million U.S. Army contract to help maintain tactical communications systems at State Department sites worldwide, the company announced Friday. The contract contains a one-year base period and two three-month option periods and was awarded by the Army Contracting Command’s office at …

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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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