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Business/Financial

FLIR Acquires UAS Manufacturer Aeryon Labs

By Cal Biesecker

Monday, January 28th, 2019

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FLIR Acquires UAS Manufacturer Aeryon Labs

FLIR Systems' SkyRanger 60 small UAS. The FAA plans to host a competition for a contractor to support program management and testing if UAS for airport applications and for countering UAS. Photo: FLIR Systems

FLIR Systems [FLIR] on Monday said it has acquired Aeryon Labs, a Canada-based maker of small unmanned aircraft systems (UAS) for military, public safety and industrial applications worldwide, in a $200 million deal that adds new UAS capabilities. FLIR declined to disclose Aeryon’s annual sales. Aeryon is expected to dilute FLIR’s 2019 earnings by two cents a share due to product development investments. In 2020, FLIR expects the acquisition to be accretive to earnings. FLIR’s $134 million acquisition in Nov.…

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