January 31, 2019 | Local, Aerospace
Acquisition Expands FLIR's Unmanned Systems Solutions with Advanced Airframes, Sensors, and Flight Management Software for Government and Defense Customers
WILSONVILLE, Ore.--(BUSINESS WIRE)--Jan. 28, 2019-- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has acquired Aeryon Labs Inc., a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety, and critical infrastructure markets for $200 million. Aeryon's vertical takeoff and landing quad-copter airframes integrate multiple sensors, including FLIR thermal technology, to provide users with immediate high-resolution intelligence, surveillance, and reconnaissance (ISR) capability.
Based in Waterloo, Canada, and with offices in Denverand Salt Lake City, Aeryon Labs was founded in 2007 and is a leading designer and manufacturer of mission-focused Group 1 UAS solutions built around aircraft under 20 pounds. Aeryon's family of UAS are deployed by 20 militaries in over 30 countries around the world, including the United States Department of Defense. Aeryon develops UAS solutions that includes hardware, embedded software, ground control stations, sensors, software for flight operations, as well as supporting services for its global customers.
“The acquisition of Aeryon Labs reinforces our long-term strategy to move beyond providing sensors to the development of complete solutions that save lives and livelihoods,” said Jim Cannon, President and CEO of FLIR Systems. “This acquisition, coupled with our acquisition of Prox Dynamics in 2016, greatly increases our unmanned systems solutions capabilities, expanding beyond nano-UAS into Group 1 UAS solutions for military. We intend to continue to invest and build this area of our business and broaden our capabilities as we view unmanned and autonomous solutions to be a significant opportunity for organic growth in the coming years.”
Rugged, reliable, and field-proven, Aeryon's SkyRanger UAS are rucksack portable and can be deployed in minutes by a single operator. SkyRanger UAS are renowned for operating in demanding environments and inclement weather, including at high altitudes, gusting winds, and rain and snow. The latest additions to the SkyRanger family of aircraft establish a new benchmark for small UAS performance and reliability. Now with a modular and open architecture, end users and third party developers can create tightly integrated payloads and software systems for the SkyRanger platform, enabling rapid solution development, onboard artificial intelligence, and autonomous operations.
“We're thrilled to join the FLIR family and to have a large, growth-oriented technology company as our new home,” said Dave Kroetsch, Co-founder and CTO of Aeryon Labs. “As drone technology and its markets evolve, customers are seeking UAS as just one component of a broader solution. While Aeryon has been evolving in that direction for the past few years, being part of FLIR Systems brings a path to include our hardware and software technologies in much bigger solutions than would have ever been possible on our own.”
Aeryon Labs is now part of the FLIR Government and Defense Business Unit's Unmanned Systems and Integrated Solutions division. The transaction is expected to be $0.02 dilutive to FLIR Systems' 2019 earnings due to anticipated product development investments, and accretive thereafter. FLIR Systems' management will discuss this strategic acquisition during its 2018 Q4 earnings call scheduled for February 13 at 9 a.m. Eastern Standard Time.
About FLIR Systems
Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,700 employees, FLIR Systems' vision is to be “The World's Sixth Sense” by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.comand follow @flir.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may contain words such as “anticipates,” “estimates,” “expects,” “intends,” and “believes” and similar words and expressions and include the assumptions that underlie such statements. Such statements are based on current expectations, estimates, and projections based, in part, on potentially inaccurate assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. Such forward-looking statements speak only as of the date on which they are made and FLIR Systems does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190128005367/en/
Source: FLIR Systems, Inc.
March 23, 2024 | Local, Land
The Royal Canadian Air Force (RCAF) is thrilled to announce the launch of the 2024 RCAF Run, an exciting event that will see participants from across Canada come together to celebrate fitness, community, and the spirit of aviation. Set against the RCAF's Centennial celebrations, the 2024 RCAF Run promises a memorable and meaningful experience for participants of all fitness levels.
January 19, 2023 | Local, Other Defence
Defence firms and other companies were given almost $10 million to develop new ways to analyze social media and sift through accounts.
August 5, 2019 | Local, Naval
IQALUIT, NU, Aug. 2, 2019 /CNW/ - Canadians across the country rely on the critical services of the Canadian Coast Guard to protect mariners and the marine environment, and to ensure the safe and efficient movement of ships that are key to our vibrant economy. With continued growth in commercial shipping and with climate change already affecting our communities, demands on the Coast Guard continue to grow. The Coast Guard provides critical icebreaking services to ensure commercial ships and ferries have access to Canadian ports during the winter time, and supports summer re-supply activities in Canada's Arctic. To ensure the Coast Guard can continue to deliver these essential services, today, the Honourable Jonathan Wilkinson, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced that the Coast Guard will be procuring six new program icebreakers to replace its current aging fleet of icebreakers. Minister Wilkinson also announced, on behalf of the Honourable Carla Qualtrough, Minister of Public Services and Procurement and Accessibility, that the Government of Canada is officially launching a competitive process, through an Invitation to Qualify, to add a third Canadian shipyard as a strategic partner under the National Shipbuilding Strategy (NSS). This new shipyard will build the new program icebreakers for the Coast Guard. Coast Guard program icebreakers are essential to Canada's economy by supporting year-round marine trade in Eastern Canada, the St. Lawrence waterway and the Great Lakes. They enable eastern Canadian ferries to operate during the winter time, and are critical to Canada's commercial fisheries. The program icebreakers are also used to provide service to Canada's northern residents by supporting the annual re-supply of goods to Canada's Arctic communities and their industries. Quotes "The Canadian Coast Guard saves lives at sea, maintains safe shipping, enables an otherwise ice-choked economy, protects the marine environment and supports Canadian sovereign presence in the Arctic. Demands on the Coast Guard will only grow as the impacts of climate change become more frequent and intense. By adding the new program icebreakers to renew the fleet, we are ensuring the women and men of the Canadian Coast Guard have the equipment they need to deliver icebreaking services in the Arctic, on the St. Lawrence waterway and on Canada's East Coast." The Honourable Jonathan Wilkinson Minister of Fisheries, Oceans and the Canadian Coast Guard "This is an important undertaking with another significant investment to back it up, and it means even more jobs, more opportunity and more economic development right across the country, while ensuring our Canadian Coast Guard has the ships it needs to do its important work. Together with our partners, we are renewing Canada's federal fleet, advancing Canadian technological innovation and supporting jobs across Canada." The Honourable Carla Qualtrough Minister of Public Services and Procurement and Accessibility Quick facts Through the Invitation to Qualify, the Government of Canada will establish a short list of pre-qualified shipyards that will be eligible to submit a formal proposal to become the third strategic partner under the NSS, joining Irving Shipbuilding Inc. and Seaspan's Vancouver Shipyards. Interested suppliers have 15 days, starting today, to respond to the Invitation to Qualify. On May 22, 2019, Prime Minister Justin Trudeau announced that the Government of Canada is investing $15.7 billionto renew the Coast Guard fleet, with up to 16 Multi-Purpose Vessels to be built at Seaspan's Vancouver Shipyards and two new Arctic and Offshore Patrol Ships to be built at Irving Shipbuilding Inc. To date, the Government of Canada has awarded more than $11.4 billion in NSS-related contracts across the country. The Government of Canada's NSS is a long-term, multi-billion-dollar program focused on renewing the Canadian Coast Guard and Royal Canadian Navy fleets to ensure that Canada's marine agencies have the modern ships they need to fulfill their missions, while revitalizing Canada's marine industry, creating good middle-class jobs and maximizing economic benefits across the country. Related products Backgrounder – Canadian Coast Guard's new icebreakers Backgrounder – Canada's National Shipbuilding Strategy – Process to add a third shipyard Associated links National Shipbuilding Strategy Prime Minister announces renewal of Canadian Coast Guard fleet Follow us on Twitter Follow us on Facebook SOURCE Public Services and Procurement Canada For further information: Marielle Hossack, Press Secretary, Office of the Honourable Carla Qualtrough, 819-997-5421; Media Relations, Public Services and Procurement Canada, 819-420-5501, media@pwgsc-tpsgc.gc.ca; Jocelyn Lubczuk, Press Secretary, Office of the Minister of Fisheries, Oceans and the Canadian Coast Guard, 343-548-7863, Jocelyn.lubczuk@dfo-mpo.gc.ca; Media Relations, Fisheries, Oceans and the Canadian Coast Guard, 613-990-7537, Media.xncr@dfo-mpo.gc.ca Related Links www.tpsgc-pwgsc.gc.ca https://www.newswire.ca/news-releases/government-of-canada-announces-construction-of-new-icebreakers-for-canadian-coast-guard-821197891.html