FLIR Systems said revenue was up 4 percent to $400.3 million in the fourth quarter, compared with $386.4 million in 2012, with revenue from the Raymarine segment up 10 percent at $36.1 million.
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 government systems president William Sundermeier resigned to pursue other business opportunities.
FLIR Systems said third-quarter revenue increased 8 percent, with the Raymarine segment up 13 percent from the prior year, but the company said a softening in its government sector is causing it to lower its outlook. Revenue was $358.1 million, up 8 percent from third-quarter 2012 revenue of $332.2 million. The Raymarine segment contributed $35.8…more
FLIR Systems, citing weakness in markets that depend on the U.S. government and predicting ongoing uncertainty, will close six sites in the United States and Europe and transfer those operations to larger facilities. The parent company of Raymarine also announced plans to consolidate its optics and laser manufacturing businesses. Preliminary third-quarter results were negatively affected…more
The Navy awarded Oregon-based FLIR Systems a $136.6 million open-ended contract to provide equipment and services for its helicopter and unmanned aerial vehicle programs. The Navy told The Oregonian that the fixed-price, indefinite-delivery, indefinite-quantity arrangement is a sole-source deal and was awarded to FLIR because it was the “only one responsible source and no other…more
Thermal imaging manufacturer FLIR Systems said Monday that it acquired certain assets of DigitalOptics Corp.’s micro-optics business for $14.9 million. DigitalOptics designs and makes imaging systems for smartphones. FLIR purchased the company from Tessera Technologies, which has owned it since 2005. Included in the purchase are fabrication equipment and more than 200 patents and pending…more
FLIR Systems said today that revenue rose 15 percent in the second quarter, to $389.3 million, from the comparable 2012 quarter and the company’s Raymarine segment contributed revenue of $46.9 million, down 1 percent from the prior year. Operating income increased by 16 percent to $70.3 million for the quarter that ended June 30 and…more
FLIR Systems said Thomas Surran was appointed president of FLIR’s commercial systems division, succeeding Andrew Teich, who was recently named FLIR’s president and CEO. Jeffrey Frank was promoted to vice president of the global product strategy division. In addition to his previous role as general manager of the company’s Raymarine segment, Surran served in several…more
FLIR Systems president and CEO Earl Lewis announced his plans to retire in a press release discussing first-quarter earnings today. The head of Raymarine’s parent company said his retirement will be effective May 19. FLIR said Lewis will assume a senior adviser role to the company to assist the transition and will remain chairman of…more
FLIR Systems announced a first-quarter earnings-per-share increase of 13 percent as it released its report this morning for the quarter that ended March 31. Revenue was $348.6 million, largely unchanged from first-quarter 2012 revenue of $348.5 million, at the Oregon-based parent of Raymarine. Operating income in the first quarter was $69.1 million, compared to $68.3…more