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Teledyne FLIR (46 views - Manufacturer & Supplier)

Teledyne FLIR LLC (an acronym for "forward-looking infrared"), a subsidiary of Teledyne Technologies, specializes in the design and production of thermal imaging cameras and sensors. Its main customers are governments and in 2020, approximately 31% of its revenues were from the federal government of the United States and its agencies.
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Teledyne FLIR

Teledyne FLIR

Teledyne FLIR
Teledyne FLIR LLC
TypeSubsidiary
IndustryImaging technology, defense, security, law enforcement, thermography
Founded1978; 44 years ago (1978)
HeadquartersWilsonville, Oregon, U.S.
45°19′14″N 122°45′53″W / 45.32065°N 122.7647°W / 45.32065; -122.7647Coordinates: 45°19′14″N 122°45′53″W / 45.32065°N 122.7647°W / 45.32065; -122.7647
Arlington, Virginia
Key people
Edwin Roks, EVP & CEO
Todd Booth, CFO
Robert Mehrabian, Chairman
ProductsThermal imaging, infrared
Revenue $1.923 billion (2020)
$212 million (2020)
Total assets $3.252 billion (2020)
Total equity $1.883 billion (2020)
Number of employees
4,179 (2020)
ParentTeledyne Technologies
Websitewww.flir.com
Footnotes / references
[1]

Teledyne FLIR LLC (an acronym for "forward-looking infrared"),[2] a subsidiary of Teledyne Technologies, specializes in the design and production of thermal imaging cameras and sensors. Its main customers are governments and in 2020, approximately 31% of its revenues were from the federal government of the United States and its agencies.[1]

Operations

FLIR produces devices for the following markets:[1]

  • Surveillance and reconnaissance
  • Force protection
  • Border and maritime patrol
  • Critical infrastructure protection
  • Search and rescue
  • Detection
  • Targeting
  • Airborne law enforcement
  • Drug interdiction

Facilities

The company has offices, manufacturing, and/or research and development facilities in Nashua, New Hampshire; Goleta, California; North Billerica, Massachusetts; Orlando, Florida; Bozeman, Montana; Stillwater, Oklahoma; Arlington County, Virginia; Chelmsford, Massachusetts; Ventura, California; Elkridge, Maryland; Freeport, Pennsylvania; Oak Ridge, Tennessee; Waterloo, Ontario; West Lafayette, Indiana; Tallinn; Täby; Dubai; Hvalstad; and Fareham.[1]

Products

FLIR One

The FLIR ONE camera is limited to 9 frames per second due to United States regulatory concerns.[3] The camera can be used to detect water and air leaks.[4] It is available as an add-on for Android and iOS devices.

AN/PVS-22

The AN/PVS-22, designated as the Universal Night Sight (UNS) is a clip-on night vision sight built off FLIR's MilSight 105 scope. The UNS can be used to engage long-range targets and can handle recoil up to .50BMG.[5] The AN/PVS-22 was originally co-designed by Knight's Armament Company and OSTI Inc. for SOCOM.[6] Ownership of the tradename "Universal Night Sight" was fought over by KAC and OSTI.[7][8][9][10][11] It is uncertain how FLIR came to own the rights for the AN/PVS-22 and MilSight 105 design.

History

The company was founded in 1978 to pioneer the development of high-performance, low-cost infrared (thermal) imaging systems for airborne uses.[12]

Originally based in Tigard, Oregon, the company relocated to Portland, Oregon, in the mid-1990s.

In 1990, the company acquired the industrial infrared imaging group of Hughes Aircraft Company.[12]

In June 1993, the company became a public company via an initial public offering, raising $12 million.[13][14]

In January 1998, the company acquired Agema Infrared System of Sweden for approximately $80 million.[15][16]

In January 1999, J. Kenneth Stringer III was named President & CEO of the company.[17]

In April 1999, the company acquired Inframetrics.[18][19]

In May 2000, Stringer was fired by the board of directors due to errors in the company's accounting practices,[20] Earl Lewis replaced Stringer as President & CEO of the company,[21] and PricewaterhouseCoopers was dismissed as auditor.[22] In January 2001, Flir agreed to pay $6 million to settle class-action shareholder litigation and FLIR settled with the U.S. Securities and Exchange Commission in October 2002. Three executives were charged with fraudulent accounting.[22]

In 2004, the company acquired a building in Wilsonville, Oregon, from Mentor Graphics for $10.3 million for use as a new headquarters.[23]

In January 2004, FLIR acquired Indigo Systems, a developer and supplier of infrared imaging products, including cooled and uncooled infrared detectors, camera cores, and finished cameras, for $190 million.[24] In 2011, after losing a trade secrets claim against the founders of Indigo Systems, FLIR agreed to pay $39 million to settle a countersuit.[25]

Beginning in 2005, the company began supplying BMW with imaging technology for use on its vehicles.[26]

In March 2007, the company reported that it would restate its financial statements for the period from 1995 to 2005 due to options backdating.[27] FLIR had been sued by investors for options backdating but the lawsuits were thrown out in November 2007.[28]

In October 2007, the company acquired Extech Instruments for $40 million.[29][30]

In April 2008, the company acquired Ifara Tecnologias of Spain for €7.0 million.[31][32]

In December 2009, it sold Extech Data Systems, a division of Extech which made portable printers.[29][33]

Also in December 2009, the company acquired security hardware maker Directed Perception for $20 million.[34]

In May 2010, the company acquired bankrupt Raymarine for $180 million.[35][36]

In December 2012, the company acquired Lorex Technology for $60 million.[37] Lorex was sold to Dahua Technology in 2018 for $29 million.[38]

In May 2013, Andrew C. Teich was appointed President & CEO after the retirement of Earl Lewis.[39][21]

In April 2015, the company paid $9.5 million to settle allegations of violations of the Foreign Corrupt Practices Act after it paid for a world tour for Saudi Arabian officials. According to the U.S. Securities and Exchange Commission, Flir earned more than $7 million in profits from sales influenced by the FCPA violations.[40]

In November 2015, the company acquired DVTEL, a provider of software and hardware technologies for advanced video surveillance, for approximately $92 million in cash.[41]

In February 2016, the company's technology was used by Bullitt Group and Caterpillar Inc. in a mobile phone that uses its lightweight thermal imaging technology.[42]

In November 2016, FLIR acquired Point Grey Research, owner of the Brickstream brand of camera products, for $259 million.[43]

In December 2016, FLIR acquired Prox Dynamics, the makers of the Black Hornet Nano, a nano-drone used by the military and law enforcement for surveillance and reconnaissance, for $134 million.[44]

In May 2017, Jim Cannon was appointed President & CEO of the company.[45][46]

In January 2019, the company acquired Aeryon Labs for $200 million.[47][48]

In March 2019, the company acquired Endeavor Robotics, the former iRobot division responsible for unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets, for $382 million in cash.[49][50] The company also opened a second headquarters in Arlington County, Virginia.[51]

In October 2019, the company acquired patents related to tethered drones, which are connected to the ground with a cable and can stay aloft much longer than drones powered by batteries, from Aria Insights.[52]

In April 2020, during the COVID-19 pandemic, the company released a thermal camera that can be used to identify elevated skin temperature.[53] Demand for these products surged, putting stress on the company's supply chain.[54]

In January 2021, Teledyne Technologies announced that it had entered into a definitive agreement to acquire the company for $8 billion,[55][56] against FLIR's 2019 revenue of $1.9 billion.[57] The acquisition was completed in May 2021.[58]

See also



This article uses material from the Wikipedia article "Teledyne FLIR", which is released under the Creative Commons Attribution-Share-Alike License 3.0. There is a list of all authors in Wikipedia

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