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How to borrow $4 billion: With financing secure, path is nearly clear for Teledyne/Flir deal

By   /  Friday, April 2nd, 2021  /  Banking & Finance, East Ventura County, Latest news, left, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

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Dubroff: Teledyne’s acquisition of Flir could turn the 101 corridor into ‘Sensor Alley’

By   /  Friday, January 8th, 2021  /  Columns, Latest news, Subscriber content  /  Comments Off on Dubroff: Teledyne’s acquisition of Flir could turn the 101 corridor into ‘Sensor Alley’

Henry Dubroff

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Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition

By   /  Thursday, January 7th, 2021  /  Banking & Finance, East Ventura County, Latest news, South Coast, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition

For more than a decade, Teledyne Technologies has been attempting to get into the uncooled infrared market. With its acquisition of Flir Systems, announced Jan. 4, the multinational conglomerate based in Thousand Oaks might finally have the perfect opportunity to enter the commercial infrared space with a splash. Teledyne plans to spend approximately $8 billion Read More →

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Teledyne to buy Flir in $8B deal

By   /  Monday, January 4th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne to buy Flir in $8B deal

Teledyne Technologies, a multinational conglomerate based in Thousand Oaks, will spend around $8 billion in cash and stock to buy Flir Systems, a thermal imaging company with a manufacturing and research and development facility in Goleta. The deal was announced early in the morning on Jan. 4, and has been approved by the boards of Read More →

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Flir Systems reports third quarter increase in net earnings

By   /  Wednesday, October 25th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Flir Systems reports third quarter increase in net earnings

Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →

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Flir Systems consolidates operations

By   /  Friday, September 1st, 2017  /  Latest news, Technology  /  Comments Off on Flir Systems consolidates operations

Flir Systems announced a consolidation of its operations Aug. 30, slimming the Goleta-based company down to three business segments. The government and defense segment will handle surveillance, detection, outdoor and tactical systems. Jim Cannon, Flir president and CEO, was appointed interim head of the department. The industrial segment will be led by Frank Pennisi and Read More →

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Flir Systems appoints new CEO

By   /  Thursday, June 1st, 2017  /  Latest news, Technology  /  Comments Off on Flir Systems appoints new CEO

Flir Systems, which has operations in Goleta, appointed James Cannon as its new president and CEO, effective June 19, following the retirement of 33-year company head Andy Teich. Cannon previously served as president of Stanley Security North America & Emerging Markets, a unit of Stanley Black and Decker. In his 16 years with the company, Read More →

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