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Study Guide: Teledyne FLIR LLC: A Comprehensive Corporate Profile

Cheat Sheet:
Teledyne FLIR LLC: A Comprehensive Corporate Profile Study Guide

Teledyne FLIR: Corporate Identity and Core Competencies

Teledyne FLIR LLC's former acronym, FLIR, originally stood for 'forward-looking infrared,' a technology that creates images by sensing infrared radiation.

Answer: True

Explanation: The company's former name, FLIR Systems Inc., was an acronym for 'forward-looking infrared,' which is a technology that senses infrared radiation to create images.

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The primary specialization of Teledyne FLIR LLC is the development of advanced sonar systems for underwater navigation.

Answer: False

Explanation: Teledyne FLIR LLC primarily specializes in the design and production of thermal imaging cameras and sensors, not sonar systems.

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Teledyne FLIR LLC operates exclusively in the defense and security industries, with no involvement in thermography.

Answer: False

Explanation: Teledyne FLIR LLC operates in several key industries, including defense, security, law enforcement, and thermography, which involves the use of thermal cameras.

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Robert Mehrabian serves as the EVP & CEO of Teledyne FLIR LLC, while Edwin Roks is the Chairman.

Answer: False

Explanation: Edwin Roks is the EVP & CEO of Teledyne FLIR LLC, and Robert Mehrabian is the Chairman.

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Jim Cannon was appointed President and CEO of FLIR Systems in May 2017, succeeding Andrew C. Teich.

Answer: True

Explanation: Jim Cannon was appointed President and CEO of FLIR Systems in May 2017, succeeding Andrew C. Teich, who had retired.

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What does the former acronym 'FLIR' stand for, as it relates to the company's core technology?

Answer: Forward-Looking Infrared

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What is the primary specialization of Teledyne FLIR LLC?

Answer: Design and production of thermal imaging cameras and sensors

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Who holds the position of EVP & CEO at Teledyne FLIR LLC?

Answer: Edwin Roks

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Who was appointed President and CEO of FLIR Systems in May 2017?

Answer: Jim Cannon

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Historical Trajectory: Founding and Early Growth (1978-2003)

FLIR Systems was originally founded in 1978 with the goal of developing high-performance, low-cost infrared imaging systems for airborne applications.

Answer: True

Explanation: FLIR Systems was founded in 1978 with the objective of developing high-performance, low-cost infrared imaging systems for airborne applications.

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FLIR Systems became a public company in 1990 after acquiring the industrial infrared imaging group of Hughes Aircraft Company.

Answer: False

Explanation: FLIR Systems acquired the industrial infrared imaging group of Hughes Aircraft Company in 1990, but it became a public company in June 1993 through an IPO.

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The acquisition of Agema Infrared System of Sweden by FLIR Systems in January 1998 cost approximately $80 million.

Answer: True

Explanation: FLIR Systems acquired Agema Infrared System of Sweden in January 1998 for approximately $80 million.

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Andrew C. Teich became President and CEO of FLIR Systems in May 2013, succeeding J. Kenneth Stringer III.

Answer: False

Explanation: Andrew C. Teich was appointed President and CEO of FLIR Systems in May 2013, succeeding Earl Lewis, not J. Kenneth Stringer III.

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What was the initial objective for founding FLIR Systems in 1978?

Answer: To create high-performance, low-cost infrared imaging systems for airborne applications.

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Which industrial infrared imaging group did FLIR Systems acquire in 1990?

Answer: Hughes Aircraft Company's industrial infrared imaging group

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How much capital did FLIR Systems raise through its initial public offering (IPO) in June 1993?

Answer: $12 million

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What was the approximate cost of FLIR Systems' acquisition of Agema Infrared System in January 1998?

Answer: $80 million

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Who succeeded Earl Lewis as President and CEO of FLIR Systems in May 2013?

Answer: Andrew C. Teich

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Strategic Expansion: Key Acquisitions and Diversification (2004-2019)

Indigo Systems, a developer of infrared imaging products, was acquired by FLIR for $190 million in January 2004.

Answer: True

Explanation: FLIR acquired Indigo Systems, a developer and supplier of infrared imaging products, for $190 million in January 2004.

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FLIR Systems acquired Extech Instruments for $40 million in October 2007, and later sold its portable printers division, Extech Data Systems, in December 2009.

Answer: True

Explanation: FLIR Systems acquired Extech Instruments for $40 million in October 2007 and subsequently sold its Extech Data Systems division, which specialized in portable printers, in December 2009.

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Directed Perception, a security hardware maker, was acquired by FLIR Systems for $50 million in December 2009.

Answer: False

Explanation: Directed Perception was acquired by FLIR Systems for $20 million in December 2009, not $50 million.

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FLIR Systems acquired Raymarine, a marine GPS maker, for $180 million in May 2010 while the company was bankrupt.

Answer: True

Explanation: In May 2010, FLIR Systems acquired the bankrupt company Raymarine, a marine GPS maker, for $180 million.

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Lorex Technology, acquired by FLIR Systems in 2012, was later sold to Dahua Technology for a profit of $31 million.

Answer: False

Explanation: FLIR Systems acquired Lorex Technology for $60 million in December 2012 and later sold it to Dahua Technology in 2018 for $29 million, resulting in a loss.

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DVTEL, a provider of advanced video surveillance software and hardware, was acquired by FLIR Systems for approximately $92 million in November 2015.

Answer: True

Explanation: FLIR Systems acquired DVTEL, a provider of advanced video surveillance software and hardware, for approximately $92 million in cash in November 2015.

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FLIR acquired Point Grey Research, a Canadian camera company, for $259 million in November 2016, which owned camera lines like Brickstream and Grasshopper.

Answer: True

Explanation: FLIR acquired the Canadian company Point Grey Research for $259 million in November 2016. Point Grey Research owned camera lines including Brickstream, Blackfly, Dragonfly, and Grasshopper.

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Prox Dynamics, known for the Black Hornet Nano-drone, was acquired by FLIR for $134 million in December 2016.

Answer: True

Explanation: FLIR acquired Prox Dynamics, known for the Black Hornet Nano-drone, for $134 million in December 2016.

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Aeryon Labs, a Canadian drone maker, was acquired by FLIR Systems for $200 million in January 2019.

Answer: True

Explanation: FLIR Systems acquired Aeryon Labs, a Canadian drone maker, for $200 million in January 2019.

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Endeavor Robotics, the former iRobot division for unmanned ground vehicles, was acquired by FLIR Systems for $382 million in March 2019.

Answer: True

Explanation: FLIR Systems acquired Endeavor Robotics, the former iRobot division for unmanned ground vehicles, for $382 million in cash in March 2019.

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In October 2019, FLIR Systems acquired patents from Aria Insights specifically for long-range surveillance drones.

Answer: False

Explanation: In October 2019, FLIR Systems acquired patents from Aria Insights related to tethered drones, not specifically long-range surveillance drones.

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For how much did FLIR Systems acquire Indigo Systems, a developer of infrared imaging products, in January 2004?

Answer: $190 million

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Which division did FLIR Systems sell in December 2009, specializing in manufacturing portable printers?

Answer: Extech Data Systems

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What type of company was Directed Perception, acquired by FLIR Systems for $20 million in December 2009?

Answer: A security hardware maker

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What was the nature and cost of FLIR Systems' acquisition of Raymarine in May 2010?

Answer: A bankrupt marine GPS maker for $180 million.

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What product is Prox Dynamics known for, which FLIR acquired in December 2016?

Answer: The Black Hornet Nano-drone

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What type of company was Aeryon Labs, acquired by FLIR Systems for $200 million in January 2019?

Answer: A Canadian drone maker

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What was Endeavor Robotics known for, which FLIR Systems acquired in March 2019?

Answer: Unmanned ground vehicles (UGVs)

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What specific technology patents did FLIR Systems acquire from Aria Insights in October 2019?

Answer: Tethered drones

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FLIR Systems acquired the Canadian company Point Grey Research in November 2016 for $259 million. Which of these was NOT one of its camera lines?

Answer: Firefly

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Financial Performance and Governance Challenges

Teledyne FLIR LLC became a subsidiary of Teledyne Technologies in January 2021 after an acquisition valued at $8 billion, which was finalized in May of the same year.

Answer: True

Explanation: Teledyne FLIR LLC became a subsidiary of Teledyne Technologies in January 2021, following a definitive agreement for an $8 billion acquisition that was completed in May 2021.

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In 2020, over half of Teledyne FLIR LLC's revenues were generated from the U.S. federal government and its various agencies.

Answer: False

Explanation: In 2020, approximately 31% of Teledyne FLIR LLC's revenues were generated from the U.S. federal government, not over half.

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In 2020, Teledyne FLIR LLC reported a net income of $212 million and total assets of $3.252 billion.

Answer: True

Explanation: In 2020, Teledyne FLIR LLC reported a net income of $212 million and total assets of $3.252 billion.

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J. Kenneth Stringer III was fired as President and CEO of FLIR Systems in May 2000 due to a significant decline in company revenue.

Answer: False

Explanation: J. Kenneth Stringer III was fired in May 2000 due to errors in the company's accounting practices, not a decline in revenue.

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FLIR Systems successfully won a trade secrets claim against the founders of Indigo Systems in 2011, resulting in a large settlement payment to FLIR.

Answer: False

Explanation: In 2011, FLIR Systems lost a trade secrets claim against the founders of Indigo Systems and agreed to pay $39 million to settle a countersuit.

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In March 2007, FLIR Systems reported it would restate financial statements from 1995 to 2005 due to options backdating, but related investor lawsuits were later dismissed.

Answer: True

Explanation: In March 2007, FLIR Systems reported it would restate financial statements from 1995 to 2005 due to options backdating, and investor lawsuits related to this issue were dismissed in November 2007.

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FLIR Systems settled allegations of Foreign Corrupt Practices Act violations in April 2015 by paying $9.5 million, which involved improper payments to Saudi Arabian officials.

Answer: True

Explanation: In April 2015, FLIR Systems paid $9.5 million to settle allegations of Foreign Corrupt Practices Act violations, which involved improper payments to Saudi Arabian officials.

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When did Teledyne FLIR LLC officially complete its acquisition by Teledyne Technologies, and for what value?

Answer: May 2021 for $8 billion

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What percentage of Teledyne FLIR LLC's 2020 revenues came from the U.S. federal government?

Answer: Approximately 31%

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What was FLIR Systems' reported total revenue in 2020?

Answer: $1.923 billion

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Why was J. Kenneth Stringer III fired as President and CEO of FLIR Systems in May 2000?

Answer: Due to errors in the company's accounting practices.

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What was the outcome of the trade secrets dispute between FLIR Systems and the founders of Indigo Systems in 2011?

Answer: FLIR Systems lost the claim and paid $39 million to settle a countersuit.

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What was the reason for FLIR Systems' financial restatement from 1995 to 2005, reported in March 2007?

Answer: Options backdating

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What was the amount FLIR Systems paid to settle allegations of Foreign Corrupt Practices Act violations in April 2015?

Answer: $9.5 million

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What was the total equity reported by Teledyne FLIR LLC in 2020?

Answer: $1.883 billion

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Advanced Technologies and Diverse Applications

FLIR Systems began supplying its imaging technology for integration into BMW vehicles starting in 2010.

Answer: False

Explanation: FLIR Systems began supplying BMW with its imaging technology for use in their vehicles starting in 2005.

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In February 2016, FLIR collaborated with Samsung to integrate its thermal imaging technology into a new line of smartphones.

Answer: False

Explanation: In February 2016, FLIR collaborated with Bullitt Group and Caterpillar Inc. to integrate its thermal imaging technology into a mobile phone, not Samsung.

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During the COVID-19 pandemic in April 2020, FLIR Systems released a thermal camera designed to identify elevated skin temperature for fever screening.

Answer: True

Explanation: In April 2020, FLIR Systems released a thermal camera specifically designed to identify elevated skin temperature, which could be used as a preliminary screening tool for fever during the COVID-19 pandemic.

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The FLIR ONE camera is limited to 30 frames per second due to United States regulatory concerns.

Answer: False

Explanation: The FLIR ONE camera is limited to nine frames per second due to United States regulatory concerns, not 30 frames per second.

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The AN/PVS-22 Universal Night Sight (UNS) was co-designed by Knight's Armament Company and OSTI Inc. for SOCOM.

Answer: True

Explanation: The AN/PVS-22 Universal Night Sight was originally co-designed by Knight's Armament Company and OSTI Inc. for SOCOM.

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NASA plans to use Teledyne FLIR's Boson thermal LWIR camera module in its inflatable re-entry heat shield design, as announced in October 2022.

Answer: True

Explanation: NASA announced in October 2022 that it will utilize Teledyne FLIR's Boson thermal LWIR camera module in its inflatable re-entry heat shield design.

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Teledyne FLIR was awarded a $48.7 million contract by the United States Navy in October 2022 for surveillance systems.

Answer: False

Explanation: In October 2022, Teledyne FLIR was awarded a $48.7 million contract by the United States Coast Guard, not the Navy, for surveillance systems.

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The FLIR M232 marine thermal camera is primarily used for industrial temperature measurement in manufacturing plants.

Answer: False

Explanation: The FLIR M232 is identified as a marine thermal camera, indicating its primary use in maritime environments, not industrial temperature measurement in manufacturing plants.

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When did FLIR Systems begin supplying BMW with its imaging technology for use in their vehicles?

Answer: 2005

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Which companies collaborated with FLIR in February 2016 to incorporate its thermal imaging technology into a mobile phone?

Answer: Bullitt Group and Caterpillar Inc.

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What was the purpose of the thermal camera released by FLIR Systems in April 2020 during the COVID-19 pandemic?

Answer: To identify elevated skin temperature for fever screening

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What is the regulatory limitation on the FLIR ONE camera regarding its frame rate in the United States?

Answer: It is limited to 9 frames per second.

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What is the official designation of the AN/PVS-22, a clip-on night vision sight built off FLIR's MilSight 105 scope?

Answer: Universal Night Sight (UNS)

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Who were the original co-designers of the AN/PVS-22 Universal Night Sight for SOCOM?

Answer: Knight's Armament Company and OSTI Inc.

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What specific Teledyne FLIR product will NASA utilize in its inflatable re-entry heat shield design, as announced in October 2022?

Answer: Boson thermal LWIR camera module

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What contract was Teledyne FLIR awarded by the United States Coast Guard in October 2022?

Answer: A $48.7 million contract for MARFLIR II and SeaFLIR 280-HD surveillance systems.

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The image caption illustrating the use of a FLIR E50 camera demonstrates its practical application during what activity?

Answer: Yacht surveys.

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Global Operations and Strategic Partnerships

The primary headquarters of Teledyne FLIR LLC is located in Arlington, Virginia, with a secondary office in Wilsonville, Oregon.

Answer: False

Explanation: The primary headquarters of Teledyne FLIR LLC are located in Wilsonville, Oregon, with a second headquarters in Arlington, Virginia.

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FLIR Systems acquired its current headquarters building in Wilsonville, Oregon, from Mentor Graphics in 2004 for $10.3 million.

Answer: True

Explanation: In 2004, FLIR Systems acquired a building in Wilsonville, Oregon, from Mentor Graphics for $10.3 million to serve as its new headquarters.

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FLIR Systems established its second headquarters in Arlington County, Virginia, in October 2019.

Answer: False

Explanation: FLIR Systems established its second headquarters in Arlington County, Virginia, in March 2019, not October.

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Teledyne FLIR LLC has operational facilities only within the United States, primarily in Oregon and California.

Answer: False

Explanation: Teledyne FLIR LLC maintains operational facilities in various global locations, including Canada, Estonia, Sweden, UAE, Norway, and the UK, in addition to multiple U.S. states.

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In 2017, FLIR partnered with the WWF to deploy thermal cameras in African game preserves to prevent poaching.

Answer: True

Explanation: In 2017, FLIR partnered with the WWF's Wildlife Crime Technology Project to deploy thermal cameras in game preserves across several African countries to prevent poaching.

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In which city are the primary headquarters of Teledyne FLIR LLC located?

Answer: Wilsonville, Oregon

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In which month of 2019 did FLIR Systems open a second headquarters in Arlington County, Virginia?

Answer: March

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In 2017, FLIR partnered with the WWF's Wildlife Crime Technology Project to deploy cameras in game preserves for what purpose?

Answer: To prevent poaching.

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Which of the following is NOT a global location where Teledyne FLIR LLC maintains operational facilities?

Answer: Tokyo, Japan

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What was the initial location of FLIR Systems before it relocated to Portland, Oregon, in the mid-1990s?

Answer: Tigard, Oregon

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