Aerospace Group:

Business/Financial

Teledyne To Acquire FLIR In $8 Billion Deal That Broadens Sensor Capabilities

By Cal Biesecker

Monday, January 4th, 2021

SHARE:

Teledyne To Acquire FLIR In $8 Billion Deal That Broadens Sensor Capabilities

FLIR Systems is a developer and provider of thermal imaging cameras and other sensors. High resolution, cooled thermal security cameras shown here. Photo: FLIR

Teledyne Technologies [TDY] on Monday said it has agreed to acquire FLIR Systems [FLIR] in an $8 billion cash and stock deal that adds new sensor technologies in aerospace, defense, commercial and industrial markets with minimal overlap, while also providing it with unmanned systems in air and ground applications. The acquisition is expected to close in mid-2021 subject to approvals by U.S. regulators and shareholders of both companies. The boards of both companies have approved the deal. If the deal…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]