Teledyne to Acquire FLIR Systems
January 4, 2021
The industrial conglomerate will pay around $8 billion in cash and stock for the Raymarine parent.
The industrial conglomerate will pay around $8 billion in cash and stock for the Raymarine parent.
The new scalable system is engineered for integral automation and control of modern vessel systems.
The company gave media a sneak peek last week.
The company also detailed structural changes in its first-quarter conference call with investors.
CEO Jim Cannon said in a call with investors that 2020 is a “year of evolution.”
The commercial business unit, which includes marine, was down 10.6 percent in fiscal 2019.
The company slightly reduced its revenue expectations for fiscal 2019.
The Commercial Business Unit, which includes Raymarine, also saw a sales drop.
The company declared a quarterly cash dividend of $0.17 per share.
CEO Jim Cannon calls 2018 a “transformational year.”
The industrial conglomerate will pay around $8 billion in cash and stock for the Raymarine parent.
The new scalable system is engineered for integral automation and control of modern vessel systems.
The company gave media a sneak peek last week.
The company also detailed structural changes in its first-quarter conference call with investors.
CEO Jim Cannon said in a call with investors that 2020 is a “year of evolution.”
The commercial business unit, which includes marine, was down 10.6 percent in fiscal 2019.
The company slightly reduced its revenue expectations for fiscal 2019.
The Commercial Business Unit, which includes Raymarine, also saw a sales drop.
The company declared a quarterly cash dividend of $0.17 per share.
CEO Jim Cannon calls 2018 a “transformational year.”
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