What is the full name of the company, and what does its former acronym 'FLIR' stand for?

The company's full name is Teledyne FLIR LLC. Its former name, FLIR Systems Inc., was an acronym for 'forward-looking infrared,' which refers to a technology that senses infrared radiation to create an image, even in complete darkness.

When did Teledyne FLIR LLC become a subsidiary of Teledyne Technologies, and what was the acquisition value?

Teledyne FLIR LLC became a subsidiary of Teledyne Technologies in January 2021, following a definitive agreement to acquire the company for $8 billion. The acquisition was officially completed in May 2021.

What is the primary specialization of Teledyne FLIR LLC?

Teledyne FLIR LLC specializes in the design and production of thermal imaging cameras and sensors, which are devices that detect infrared energy and convert it into a visible image.

Who are the main customers of Teledyne FLIR LLC, and what percentage of its 2020 revenues came from the U.S. federal government?

The main customers of Teledyne FLIR LLC are governments. In 2020, approximately 31% of the company's revenues were generated from the federal government of the United States and its various agencies.

What type of company is Teledyne FLIR LLC?

Teledyne FLIR LLC is categorized as a subsidiary company, meaning it is controlled by a larger parent company, which in this case is Teledyne Technologies.

In which key industries does Teledyne FLIR LLC operate?

Teledyne FLIR LLC operates in several key industries, including imaging technology, defense, security, law enforcement, and thermography, which is the use of thermal cameras to detect and measure temperature.

When was the company originally founded as FLIR Systems?

The company was founded as FLIR Systems in 1978.

Where are the primary headquarters of Teledyne FLIR LLC located?

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

Who are the key individuals in the leadership of Teledyne FLIR LLC?

The key people in the leadership of Teledyne FLIR LLC include Edwin Roks as EVP & CEO, Todd Booth as CFO, and Robert Mehrabian as Chairman.

What are the main product categories offered by Teledyne FLIR LLC?

Teledyne FLIR LLC primarily offers products related to thermal imaging and infrared technology, which are used for various applications that require detecting heat signatures.

What were Teledyne FLIR LLC's reported financial figures for revenue, net income, total assets, and total equity in 2020?

In 2020, Teledyne FLIR LLC reported a revenue of $1.923 billion, a net income of $212 million, total assets amounting to $3.252 billion, and total equity of $1.883 billion.

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

FLIR Systems was founded in 1978 with the pioneering objective of developing high-performance, low-cost infrared (thermal) imaging systems specifically for airborne applications.

Where was the company initially based, and when did it relocate to Portland, Oregon?

The company was originally based in Tigard, Oregon, and subsequently relocated to Portland, Oregon, in the mid-1990s.

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

In 1990, FLIR Systems acquired the industrial infrared imaging group that belonged to Hughes Aircraft Company, a major American aerospace and defense contractor.

How did FLIR Systems become a public company, and what was the initial capital raised?

FLIR Systems became a public company in June 1993 through an initial public offering (IPO), which successfully raised $12 million in capital from investors.

What was the acquisition of Agema Infrared System in January 1998, and its approximate cost?

In January 1998, FLIR Systems acquired Agema Infrared System of Sweden for approximately $80 million, expanding its capabilities in infrared technology.

Who was appointed President and CEO of FLIR Systems in January 1999?

J. Kenneth Stringer III was named President and CEO of FLIR Systems in January 1999.

When did FLIR Systems acquire Inframetrics?

FLIR Systems acquired Inframetrics in April 1999, further consolidating its position in the imaging technology market.

What events led to the firing of J. Kenneth Stringer III in May 2000, and what were the subsequent legal resolutions?

J. Kenneth Stringer III was fired by the board of directors in May 2000 due to errors in the company's accounting practices. Subsequently, FLIR agreed to pay $6 million to settle class-action shareholder litigation in January 2001 and settled with the U.S. Securities and Exchange Commission in October 2002, with three executives facing charges for fraudulent accounting.

When did FLIR Systems acquire its new headquarters building in Wilsonville, Oregon?

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

What was Indigo Systems, and how much did FLIR acquire it for in January 2004?

Indigo Systems was a developer and supplier of infrared imaging products, including detectors, camera cores, and finished cameras. FLIR acquired it for $190 million in January 2004.

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

In 2011, after losing a trade secrets claim against the founders of Indigo Systems, FLIR Systems agreed to pay $39 million to settle a countersuit.

How did FLIR Systems' imaging technology become integrated into BMW vehicles?

Beginning in 2005, FLIR Systems started supplying BMW with its imaging technology for use in their vehicles, likely for advanced driver-assistance systems or night vision features.

What financial reporting issue did FLIR Systems face in March 2007, and how were related lawsuits resolved?

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

When and for how much did FLIR Systems acquire Extech Instruments?

FLIR Systems acquired Extech Instruments for $40 million in October 2007.

What division of Extech did FLIR Systems sell in December 2009?

In December 2009, FLIR Systems sold Extech Data Systems, a division of Extech that specialized in manufacturing portable printers.

What type of company was Directed Perception, and when did FLIR Systems acquire it?

Directed Perception was a security hardware maker, and FLIR Systems acquired it for $20 million in December 2009.

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

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

When did FLIR Systems acquire Lorex Technology, and what was its eventual fate?

FLIR Systems acquired Lorex Technology for $60 million in December 2012. Lorex was later sold to Dahua Technology in 2018 for $29 million.

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

Andrew C. Teich was appointed President and CEO of FLIR Systems in May 2013, following the retirement of Earl Lewis.

What allegations did FLIR Systems settle in April 2015 concerning the Foreign Corrupt Practices Act?

In April 2015, FLIR Systems paid $9.5 million to settle allegations of violations of the Foreign Corrupt Practices Act, which involved paying for a world tour for Saudi Arabian officials and earning over $7 million in profits from sales influenced by these violations.

What kind of technologies did DVTEL provide, and when was it acquired by FLIR Systems?

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

What mobile phone product resulted from FLIR's collaboration with Bullitt Group and Caterpillar in February 2016?

In February 2016, FLIR's technology was used by Bullitt Group and Caterpillar Inc. in a mobile phone that incorporated its lightweight thermal imaging technology, allowing the phone to 'see' heat signatures.

When did FLIR acquire Point Grey Research, and what were some of the camera brands it owned?

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

What product is Prox Dynamics known for, and when did FLIR acquire the company?

Prox Dynamics is known for making the Black Hornet Nano, a nano-drone utilized by military and law enforcement for surveillance and reconnaissance. FLIR acquired Prox Dynamics for $134 million in December 2016.

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

Jim Cannon was appointed President and CEO of FLIR Systems in May 2017.

What type of company was Aeryon Labs, and when was it acquired by FLIR Systems?

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

What was Endeavor Robotics known for, and what was the acquisition cost and timing?

Endeavor Robotics was the former iRobot division responsible for unmanned ground vehicles (UGVs) used in military, public safety, and critical infrastructure markets. FLIR Systems acquired it for $382 million in cash in March 2019.

Where did FLIR Systems establish a second headquarters in March 2019?

In March 2019, FLIR Systems opened a second headquarters in Arlington County, Virginia, complementing its existing headquarters in Wilsonville, Oregon.

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

In October 2019, FLIR Systems acquired patents from Aria Insights related to tethered drones, which are drones connected to the ground by a cable, allowing them to remain airborne for extended periods compared to battery-powered drones.

What is a regulatory limitation of the FLIR ONE camera, and what are some of its practical applications?

The FLIR ONE camera is limited to nine frames per second due to United States regulatory concerns. Practically, it can be used to detect issues such as water and air leaks, making it useful for home inspections or energy audits.

What is the official designation of the AN/PVS-22, and what are its key capabilities?

The AN/PVS-22 is designated as the Universal Night Sight (UNS) and is a clip-on night vision sight built off FLIR's MilSight 105 scope. It is capable of engaging long-range targets and can withstand recoil from weapons up to .50BMG caliber.

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

The AN/PVS-22 Universal Night Sight was originally co-designed by Knight's Armament Company and OSTI Inc. for SOCOM (United States Special Operations Command).

In which global locations does Teledyne FLIR LLC maintain operational facilities?

Teledyne FLIR LLC has offices, manufacturing, and/or research and development facilities in various locations including Nashua, New Hampshire; Goleta, California; North Billerica, Massachusetts; Orlando, Florida; Bozeman, Montana; Stillwater, Oklahoma; Arlington County, Virginia; Chelmsford, Massachusetts; Ventura, California; Elkridge, Maryland; Freeport, Pennsylvania; Oak Ridge, Tennessee; Waterloo, Ontario; Victoria, British Columbia; West Lafayette, Indiana; Tallinn; Täby; Dubai; Hvalstad; and Fareham.

What specific FLIR product will NASA utilize in its inflatable re-entry heat shield design?

NASA will use Teledyne FLIR's thermal LWIR (long-wave infrared) camera module, known as the Boson, in its design of an inflatable re-entry heat shield, as announced in October 2022.

What does the image caption describe regarding the company's headquarters?

The image caption references the entrance to the company's headquarters in Wilsonville, Oregon, noting its proximity to the Mentor Graphics campus.

What does the image caption illustrate about FLIR's products?

The image caption illustrates the use of infrared thermal imaging with a FLIR E50 camera during a yacht survey, demonstrating a practical application of their thermal technology.

What does the image caption identify about a specific FLIR product?

The image caption identifies a specific FLIR product as the FLIR M232 marine thermal camera, highlighting its application in maritime environments.

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What is Teledyne FLIR?

Pioneering Vision

Teledyne FLIR LLC, a distinguished subsidiary of Teledyne Technologies since January 2021, stands as a leading American technology enterprise. Its core specialization lies in the sophisticated design and meticulous production of thermal imaging cameras and advanced sensor systems. The very name FLIR is an acronym for "forward-looking infrared," precisely encapsulating its foundational expertise in visualizing heat signatures beyond the visible spectrum.

Strategic Focus

The company's primary clientele predominantly comprises governmental entities, with a substantial portion of its revenue stream—approximately 31% in 2020—originating from the United States federal government and its diverse agencies. This significant engagement underscores Teledyne FLIR's pivotal role in supporting critical defense, national security, and law enforcement operations with its cutting-edge technologies.

Industry Footprint

Teledyne FLIR's operational scope spans a wide array of vital industries, including advanced imaging technology, defense, security, law enforcement, and specialized thermography. Its innovative products are indispensable for applications demanding the precise detection and visualization of thermal energy, thereby extending human perception into environments and conditions where conventional vision is limited or impossible.

Evolution & Milestones

Foundational Years

Established in 1978 as FLIR Systems, the company embarked on a mission to revolutionize infrared imaging by developing high-performance, yet cost-effective, thermal systems primarily for airborne applications. Originating in Tigard, Oregon, the company subsequently relocated to Portland before ultimately establishing its headquarters in Wilsonville, Oregon, marking its steady growth and expansion.

1990: Acquired the industrial infrared imaging group from Hughes Aircraft Company, significantly expanding its capabilities.
June 1993: Transitioned to a public company through an initial public offering (IPO), successfully raising $12 million in capital.
January 1998: Acquired Agema Infrared System of Sweden for approximately $80 million, enhancing its European presence and product portfolio.
April 1999: Further strengthened its market position by acquiring Inframetrics, another key player in infrared technology.

Leadership & Challenges

The company's trajectory included notable shifts in leadership and the navigation of complex financial and legal challenges. Following the appointment of J. Kenneth Stringer III as CEO in 1999, he was dismissed in 2000 due to accounting irregularities, leading to significant shareholder litigation and a settlement with the SEC. Subsequent leadership under Earl Lewis, Andrew C. Teich, and Jim Cannon guided the company through periods of both growth and scrutiny.

May 2000: CEO J. Kenneth Stringer III was terminated by the board due to accounting practice errors, and PricewaterhouseCoopers was dismissed as the auditor.
January 2001: FLIR agreed to pay $6 million to resolve class-action shareholder litigation stemming from the accounting issues.
October 2002: Settled with the U.S. Securities and Exchange Commission, with three executives facing charges for fraudulent accounting.
March 2007: Announced a restatement of financial statements for the period from 1995 to 2005 due to options backdating, though related investor lawsuits were dismissed in November 2007.
2011: Agreed to pay $39 million to settle a countersuit after losing a trade secrets claim against the founders of Indigo Systems.
April 2015: Paid $9.5 million to settle allegations of Foreign Corrupt Practices Act (FCPA) violations, having profited over $7 million from sales influenced by improper payments to Saudi Arabian officials.

Strategic Growth & Diversification

FLIR pursued an aggressive strategy of growth through numerous strategic acquisitions, significantly expanding its technological capabilities and market reach across various sectors. This included integrating companies specializing in infrared detectors, test and measurement instruments, marine electronics, and a substantial foray into the burgeoning fields of drone and robotics technology.

January 2004: Acquired Indigo Systems for $190 million, a key developer and supplier of infrared imaging products.
October 2007: Acquired Extech Instruments for $40 million, later divesting its Extech Data Systems division in December 2009.
April 2008: Acquired Ifara Tecnologias of Spain for €7.0 million, expanding its international footprint.
December 2009: Acquired Directed Perception, a security hardware manufacturer, for $20 million.
May 2010: Acquired the bankrupt marine electronics company Raymarine for $180 million.
December 2012: Acquired Lorex Technology for $60 million, a company later sold to Dahua Technology in 2018 for $29 million.
November 2015: Acquired DVTEL, a provider of advanced video surveillance software and hardware, for approximately $92 million.
November 2016: Acquired Canadian company Point Grey Research for $259 million, adding camera product lines like Brickstream, Blackfly, Dragonfly, and Grasshopper.
December 2016: Acquired Prox Dynamics, makers of the Black Hornet Nano, a nano-drone for military and law enforcement, for $134 million.
January 2019: Acquired Aeryon Labs, a drone manufacturer, for $200 million.
March 2019: Acquired Endeavor Robotics, the former iRobot division specializing in unmanned ground vehicles (UGVs), for $382 million.
October 2019: Acquired patents related to tethered drones from Aria Insights (formerly CyPhy Works), enhancing its drone capabilities.

Recent Developments & Acquisition

In response to the global COVID-19 pandemic in April 2020, FLIR swiftly introduced a thermal camera designed to identify elevated skin temperatures, addressing a critical public health need and experiencing a surge in demand. This period of innovation culminated in a transformative corporate event: in January 2021, Teledyne Technologies announced its definitive agreement to acquire FLIR Systems for a substantial $8 billion. The acquisition was successfully finalized in May 2021, leading to the rebranding of the entity as Teledyne FLIR LLC, integrating its advanced capabilities into the broader Teledyne portfolio.

Innovative Solutions

Market Applications

Teledyne FLIR's extensive and sophisticated product portfolio is engineered to serve a wide spectrum of critical applications across various domains. These include, but are not limited to, advanced surveillance and reconnaissance, robust force protection measures, comprehensive border and maritime patrol operations, and the safeguarding of critical infrastructure. Furthermore, their technologies are indispensable in search and rescue missions, precise detection, accurate targeting, airborne law enforcement, and effective drug interdiction efforts, demonstrating their versatility and impact.

FLIR One: Mobile Thermal Imaging

The FLIR ONE camera represents a significant step in making thermal imaging accessible to a broader audience, designed as a convenient add-on for both Android and iOS mobile devices. Due to specific United States regulatory considerations, its video frame rate is capped at nine frames per second. Despite this, the compact and portable device proves exceptionally useful for practical applications such as detecting subtle water and air leaks, offering a powerful diagnostic tool for various inspection and maintenance tasks.

AN/PVS-22: Universal Night Sight

The AN/PVS-22, officially designated as the Universal Night Sight (UNS), is a highly advanced clip-on night vision sight. It is meticulously engineered based on FLIR's MilSight 105 scope, providing exceptional capabilities for engaging long-range targets. This robust system is designed to withstand significant recoil, up to .50 BMG, making it suitable for heavy weaponry. While originally a collaborative design by Knight's Armament Company and OSTI Inc. for SOCOM, the rights to the AN/PVS-22 and MilSight 105 design were eventually acquired by FLIR, solidifying its position as a critical asset for military and law enforcement night operations.

Global Presence

Worldwide Footprint

Teledyne FLIR maintains a substantial and strategically distributed global operational presence, which is fundamental to its capacity for continuous innovation, manufacturing excellence, and efficient distribution of its advanced thermal imaging and sensing technologies. This expansive network includes a diverse array of offices, state-of-the-art manufacturing facilities, and extensive research and development centers strategically located across multiple continents, ensuring both local responsiveness and global reach.

United States: Nashua, New Hampshire; Goleta, California; North Billerica, Massachusetts; Orlando, Florida; Bozeman, Montana; Stillwater, Oklahoma; Arlington County, Virginia; Chelmsford, Massachusetts; Ventura, California; Elkridge, Maryland; Freeport, Pennsylvania; Oak Ridge, Tennessee.
Canada: Waterloo, Ontario; Victoria, British Columbia.
Europe: Tallinn, Estonia; Täby, Sweden; Hvalstad, Norway; Fareham, United Kingdom.
Middle East: Dubai, United Arab Emirates.

Impactful Applications

Wildlife Protection

In 2017, Teledyne FLIR forged a significant partnership with the WWF's Wildlife Crime Technology Project, an ambitious initiative bolstered by a $5 million grant from Google. As part of this collaboration, FLIR cameras, integrated with advanced drones and digital tracking systems, were strategically deployed in critical game preserves across Namibia, Kenya, South Africa, Malawi, and Zimbabwe. This deployment of cutting-edge thermal imaging technology proved instrumental in significantly enhancing efforts to prevent poaching and safeguard endangered wildlife populations.

Aerospace Innovation with NASA

On October 4, 2022, Teledyne FLIR announced a groundbreaking collaboration with NASA, highlighting its capabilities in advanced aerospace applications. The esteemed space agency selected FLIR's thermal LWIR (Long-Wave Infrared) camera module, the Boson, for integration into its innovative design for an inflatable re-entry heat shield. This partnership underscores FLIR's capacity to provide robust and precise imaging solutions for the most demanding and cutting-edge scientific and engineering challenges in space exploration.

Enhancing Maritime Security

Further solidifying its commitment to national defense and security, Teledyne FLIR was awarded a substantial $48.7 million contract on October 25, 2022. This critical contract mandates the provision of Maritime Forward Looking Infrared (MARFLIR) II sensors and various advanced configurations of the SeaFLIR 280-HD surveillance systems to the United States Coast Guard. These sophisticated systems are vital for significantly enhancing maritime patrol, surveillance, and interdiction capabilities, ensuring greater safety and security across coastal and international waters.

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Teledyne FLIR: Illuminating the Invisible

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What is Teledyne FLIR? 🔥

👁️ Pioneering Vision

🎯 Strategic Focus

🏢 Industry Footprint

Evolution & Milestones 📜

🚀 Foundational Years

⚖️ Leadership & Challenges

📈 Strategic Growth & Diversification

🤝 Recent Developments & Acquisition

Innovative Solutions 💡

🌐 Market Applications

📱 FLIR One: Mobile Thermal Imaging

🔭 AN/PVS-22: Universal Night Sight

Global Presence 🌍

🏭 Worldwide Footprint

Impactful Applications 🌟

🐾 Wildlife Protection

🚀 Aerospace Innovation with NASA

⚓ Enhancing Maritime Security

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📜 Important Notice

Dive in with Flashcard Learning!

What is Teledyne FLIR?

Pioneering Vision

Strategic Focus

Industry Footprint

Evolution & Milestones

Foundational Years

Leadership & Challenges

Strategic Growth & Diversification

Recent Developments & Acquisition

Innovative Solutions

Market Applications

FLIR One: Mobile Thermal Imaging

AN/PVS-22: Universal Night Sight

Global Presence

Worldwide Footprint

Impactful Applications

Wildlife Protection

Aerospace Innovation with NASA

Enhancing Maritime Security

Teacher's Corner

True or False?

Test Your Knowledge!

Gamer's Corner

Discover other topics to study!

References

Feedback & Support

Disclaimer

Important Notice