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Business/Financial

FLIR Acquires Norwegian Nano-UAS Maker Prox Dynamics

By Cal Biesecker

Wednesday, November 30th, 2016

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FLIR Acquires Norwegian Nano-UAS Maker Prox Dynamics

The Black Hornet personal reconnaissance system featuring controller, display and nano-helicopter. Photo: FLIR Systems

FLIR Systems [FLIR] on Wednesday said it has acquired Norway’s Prox Dynamics in a $134 million cash deal that gives it a position as a developer and producer of micro-unmanned aircraft systems (UAS) used in military and intelligence roles.FLIR expects the acquisition to chip a penny from its 2016 earnings per share.Prox Dynamics makes the Black Hornet aerial sensor and hand controller, a pocket-sized system that is hand-launched by a soldier in the field, providing situational awareness and help with…

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