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Expected Growth In Unmanned Ground Vehicles Market Fuels FLIR’s Acquisition Of Endeavor

Cal Biesecker By
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Expected Growth In Unmanned Ground Vehicles Market Fuels FLIR’s Acquisition Of Endeavor
Endeavor Robotics is teamed with Textron in an upcoming competition for the Army's Robotic Combat Vehicle. Textron's Ripsaw unmanned vehicle is shown here. Photo: Endeavor Robotics

The U.S. military’s plans to acquire more unmanned ground robotic vehicles and potential applications for the technology in public safety and industrial markets are driving FLIR Systems’ [FLIR] pending acquisition of Endeavor Robotics, company officials said on Wednesday. Even if Endeavor doesn’t win some of the Army’s upcoming competitions for unmanned ground vehicles (UGVs), it “would not dampen our appetite” for the deal, Jim Cannon, FLIR’s president and CEO, said on the company’s fourth quarter earnings call. “We have a…

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