Aerospace Group:

Business/Financial

FLIR Acquires Optics Provider Armasight

By Cal Biesecker

Wednesday, June 29th, 2016

SHARE:

FLIR Acquires Optics Provider Armasight

Armasight's Orion night vision rifle scope retails for $499.00. Photo: FLIR

FLIR Systems [FLIR] said on Tuesday evening that it has acquired Armasight, Inc., a provider of precision optics for sporting, hunting, law enforcement and military uses, for $41 million in cash.FLIR said the acquisition is expected to be neutral to its earnings in 2016 and accretive thereafter.FLIR said the acquisition will enhance its recreational and tactical scopes and sights business by combining its existing Personal Vision Systems and Thermal Weapon Sights with Armasight’s products.Armasight, which is based in California, makes…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]