FLIR Systems named James Cannon as president and CEO, succeeding Andy Teich, who said in February that he would retire after 33 years with the company.
FLIR Systems Inc. is an Oregon-based maker of thermal imagers, thermal imager components and larger systems containing thermal imagers, along with other sensors, for commercial and military applications.
FLIR Systems said first-quarter revenue totaled $406.8 million, up 7 percent from $379.5 million in the same period last year.
FLIR Maritime was awarded a $50 million contract to provide marine electronics systems under the Coast Guard’s Scalable Integrated Navigation Systems 2 program over a five-year period.
FLIR Systems said today in conjunction with its fourth-quarter and 2016 earnings report that president and CEO Andrew Teich will retire after 33 years with the company, but continue until a successor is appointed.
FLIR Systems said third-quarter revenue grew 6 percent, but the company reported a drop in profits because of a SkyWatch product-quality issue.
FLIR Systems said today that it reached an asset purchase agreement to acquire the business of Point Grey Research, a developer of machine vision cameras for use in industrial, retail, scientific, traffic, mapping and other advanced imaging applications, for about $253 million in cash.
FLIR Systems released Evolution Release 4, the most significant update to its Raymarine Evolution Autopilots.
FLIR Systems said second-quarter revenue totaled $402.7 million, up 2 percent from the same period last year, and operating income was $65.2 million, compared with $70.5 million last year.
FLIR Systems said it acquired Armasight, a developer of precision sporting, hunting and military optics products, for about $41 million in cash.
FLIR Systems said today that first-quarter revenue totaled $379.5 million, up 10 percent from $344.5 million in the same quarter a year earlier.