Teledyne to Acquire FLIR Systems in $8 Billion Deal
Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co
Kongsberg Delivers HOSS Camera to the US Navy
Following extensive product development and factory and sea trials, Kongsberg Maritime have successfully delivered the first of its new generation of innovative ultra low light cameras to the US Navy, via Naval Air Systems Command (NAVAIR), for use within the existing Kongsberg supplied Helicopter Operations Surveillance System (HOSS) for amphibious class ships. The new high resolution camera is a drop-in replacement for the previous generation HOSS camera, allowing for a cost-effective and seamless system performance upgrade.