:

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

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]