In January 1995, Teledyne Electronic Systems was sold to Litton Industries, essentially ending the business on which Teledyne had originally been formed. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future. At the core of both our companies is proprietary sensor technologies. FLIRs vision is to be The Worlds Sixth Sense, creating technologies to help professionals make more informed decisions that save lives and livelihoods. Teledyne FLIR Company Profile - Office Locations, Competitors - Craft Teledyne Completes Acquisition of FLIR Included are infrared detectors, cameras, and opto-mechanical assemblies. Teledyne Flir awarded $13 million government contract Personalize which data points you want to see and create visualizations instantly. The company was founded as FLIR Systems in 1978 to pioneer the development of high-performance, low-cost infrared (thermal) imaging systems for airborne uses.[12]. Together with FLIR and an optimized capital structure, I am confident we shall continue delivering superior returns to our stockholders., FLIRs commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today, said Earl Lewis, Chairman of FLIR. Net leverage at closing is expected to be approximately 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x by the end of 2022. The first significant slump in Teledyne business began in 1985. With our new partners platform of complementary technologies, we will be able to continue this trajectory, providing our employees, customers and stockholders even more exciting momentum for growth. We bring innovative sensing solutions into daily life through our thermal imaging, visible-light imaging, video analytics, measurement and diagnostic, and advanced threat detection systems. A US engineering and IT government contractor. Objective: Methods: A cross-sectional study using three sources of case ascertainment to estimate the prevalence of MS in the city of Goinia in December, 2015. THOUSAND OAKS, Calif. - May 14, 2021 - Teledyne Technologies Incorporated announced today the successful completion of the acquisition of FLIR Systems, Inc. (NASDAQ:FLIR ).At each of the respective company's special meeting of stockholders held on May 13, 2021, the stockholders approved and adopted merger proposals related to the Agreement and Plan of Merger dated January 4, 2021. $1.3 B. FY, 2021. Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Roberts then retired in 1993 and was replaced by Rutledge; Donald B. Teledyne FLIR successfully fulfills terms of Consent Agreement with the U.S. Department of State Teledyne today reported first quarter 2022 net sales of $1,321.0 million, compared with net. By using this site, you are agreeing to security monitoring and auditing. About FLIR | Teledyne FLIR Neither Teledyne nor FLIR assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. Note: We do not offer technical support for developing or debugging scripted downloading processes. Find local businesses, view maps and get driving directions in Google Maps. Sales for 1984 had been about $3.49 billion, but decreased to around $3.26 billion the next year and remained essentially flat for the remainder of the decade.[19]. The company's two business units are Industrial Technologies and Defense Technologies segment. Through its subsidiary, ICx Technologies, Inc., FLIR Systems has provided radar technologies used by Motorola Solutions in its surveillance border systems in the Israeli-occupied West Bank and the Gaza Strip. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. Red Cat subsidiary Teal Drones is a member of the Blue UAS . Actual results could differ materially from these forward-looking statements. Cautionary Statement Regarding Forward Looking Statements. Teledyne FLIR plans upgrades to Elkridge facility that will add 150 new Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Teledyne, Attn: Investor Relations, 1049 Camino Dos Rios, Thousand Oaks, California 91360, or to FLIR, Attn: Corporate Secretary, 1201 S Joyce St, Arlington, Virginia 22202. Teledyne Technologies Inc | AFSC Investigate Through its subsidiary PureTech, FLIR designs and manufactures Mobile Video Surveillance Systems (MVSS), aerial and ground drones, and other military equipment. The company designs, develops, markets, and distributes advanced thermal imaging, sensor systems, threat detection systems, night vision, and infrared camera systems. The company's two business units are Industrial Technologies and Defense Technologies segment. Their basic plan was to build a major firm centering on microelectronics and control system development, primarily through acquiring existing companies. Apply for this job and sign up for alerts. Teledyne FLIR successfully fulfills terms of Consent Agreement with the U.S. Department of State . Bank Secrecy Act Senior Officer. In 2000, its first full year of operation, Teledyne Technologies had sales of $795.1 million and net income of $40.5 million. Teledyne Technologies Incorporated Contact: Jason VanWeesExecutive Vice President+1 805-373-4542, Sarah KeyPhone: +1 703-682-3400Email: sarah.key@flir.com, Media Contacts:Tim McDowdPhone: +1 503-498-3146Email: tim.mcdowd@flir.com, Matthew Sherman / Sharon Stern / Aaron Palash / Joele Frank Wilkinson / Brimmer Katcher. Teledyne Technologies Incorporated is an American industrial conglomerate. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base. In July, the company received new orders worth US$62.1 million from the U.S. Armed Services for its advanced, multi-mission robots. Many companies had been sold during the prior several years, and in 1993, through consolidations, the number was further reduced from 65 to 18. Ryan Aeronautical in San Diego, was acquired in 1968. WASHINGTON Teledyne Technologies' $8.2 billion acquisition of FLIR Systems, finalized May 14, sets it up to become increasingly competitive in the world of unmanned and sensing capabilities,. A number of these businesses were in consumer products, such as Water Pik, Acoustic Research with high-fidelity speakers, and Olson Electronics,[10][11] a mail order retailer founded in 1927, in Akron, Ohio, as Olson Co., by Irving,[12] later including brothers, Sidney and Philip,[13][14][15] that operated retail stores across America. This expanded the company into the Eastern U.S. and started the formation of material technologies as a major business activity of Teledyne. In the early 1990s, while the company underwent these turnovers in leadership, two lawsuits were brought against Teledyne by whistleblowers under the False Claims Act. PDF Teledyne Technologies Reports First Quarter Results (SPACs), Transportation, Infrastructure & Logistics. For more information, please visit After guiding Teledyne for 29 years, Singleton retired as an employee and officer in April 1989. For two decades, Teledyne has demonstrated its ability to compound earnings and cash flow consistently and predictably. View acquisitions and subsidiaries by company, date, and deal size. Operations Project Manager Job Opening in Goleta, CA at Teledyne FLIR Cash and Stock Transaction Valued at Approximately $8.0 Billion, Teledyne and FLIR to Host Joint Conference Call and Webcast at 11:00 a.m. Eastern Today. www.teledyne.com. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. You must be logged in to download this content. In the "bear" market of the early 1970s, Teledyne stock fell from about $40 to less than $8; Singleton saw this as an opportunity to buy back Teledyne stock. The Teledyne press release is available on www.teledyne.com. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. Participants in the Solicitation Teledyne, FLIR and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base. Total employment also peaked at near 43,000.[21]. Cash and Stock Transaction Valued at Approximately $8.0 Billion, Teledyne and FLIR to Host Joint Conference Call and Webcast at 11:00 a.m. Eastern Today. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. Google Maps Advisors Evercore is acting as exclusive financial advisor and McGuireWoods LLP is acting as legal advisor to Teledyne in connection with the transaction. It was founded in 1960, as Teledyne, Inc., by Henry Singleton and George Kozmetsky . Teledynes operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. In 1990, the company acquired the industrial infrared imaging group of Hughes Aircraft Company. The company claimed that its technology increases the Border Patrols effectiveness in targeting a response to high-risk areas, enabling rapid response strategies to maximize limited manpower, and adjusting to seasonal/periodic traffic patterns.. The transaction reflects a 40% premium for FLIR stockholders based on FLIRs 30-day volume weighted average price as of December 31, 2020.
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