FLIR Acquires Drone Manufacturer For $134M

•Published Dec 01, 2016 15:43 PM

FLIR has acquired Prox Dynamics, a Norwegian maker of small military-grade drones, for $134M.

FLIR president Andy Teich provided additional details to IPVM on this acquisition, and what it might mean for FLIR's security division.

Prox ******** ********

******* ** ****, **** ******** *** focused ** ********** ***** ****** **** for ******/********/****** *** ****** ************. ***** primary *******, *** "***** ****** [**** no ****** *********]" ** * ********** style (**. ****-******) **** **** ******** ~4" **** *** ******* * **** Lepton ******* ******. *** ***** **** been **** ***** **** ***********, ******* **** **** *** ********** as ******** ********** *** ******* ** export *********** **** *** *** ****** ***** drones.

***** **** *************** *** *** ***** ***** size, ****** *****, *** ************ ***** operation ** ******** ** *****-******. ************ the ************** ******* *** ***** *** controller *** *** ********* *** ********* for ****-***** ************** ** ***** **** dense ******* **** ********* **** ***** block ******* "********" ******.

* *** **** *** ******, **** controller *** **** *******/******* ***** *** ~$50K. *** *** ****** *** *** intended ** ******* ** *** **** time, *** ******* *** ***** ***** with *** *** *** *** *** one *** ***** ***, ** ***** in *********** ****** ***** *** ** charging ***** *** ***** ** ******.

Acquisition *******

**** **** $**** ** **** *** Prox ******** *** **** **** *** company **** ** *** ************ ********, which ***** ******** ** **********/******** *********, and ****** *** ** ******** **** the ******** ********, ***** ** ***** the ***** *********** *** *** *********** **** ******.

**** *** *** ******** **** ********'* revenue.

Military ***** / *********** *** ***** ** ******

****'* ********* ********* ** ****:

*** ******* **** ******** ******* ** a ******** ******* **** ** ***** ITAR *******. *** *** ******** **** be **** ** *** ************ ******** unit ***** ** ******* ** ******** and ****-******** *****. ** ****, ** is ******** **** *** ******* ******* would ** ******** **** *********** ******** applications. **** ****, ** ** ***** there ** ***** ** ***** ******* and ******* ******* ******* **** ****** platforms *** *********** ******** ********. ** currently ***** * ***** ** ******* products *** *** ** **********/******** ******. These ***** *** ** ******** ** these ***** ** ******** ************ *****.
********* *** **** ******** ***** **** an ******** ****** ******* ********** ** FLIR ***** *** ** ******** ** the ******. ***** ** **** **** capability ********** **** **** ** ** determined, *** ********** ******** ************ *** certainly * ***********.

Not ******* ** ********** / ******

**** ******** *** ******** ************* ********** and ****** ***** **** ***** ********, but **** *** *********** ** **** to ********** ***** ** *** **, similar ** ***** ****-********** ********** ******** from ****. ********* ** ********* ****** export *** ***** ****** ***** ******* the ** ******* ********** ******** ******.

Emerging ****** ****** ******

****** *** ******* ******** ** *** security ******. **** ******* ******** **** *** ****** ******** *****, ******** *** ***********, *** ********-***** *******. *** *********** *** *********** ***** have **** ***** ** ******* ******** drone *** ** ********, ******* **** Dynamics ********* ***** ****** ** ******** on ******/******** *********, *** *** *** always ******* ** *** **** *********** (and *******) ** ********** *********.

Comments (2)

Jason Spielfogel

•Dec 01, 2016

Appropriate Acquisition for FLIR.

Reactions:

(2)

Robert Shih

•Nov 18, 2017

Independent

Just saw a military ad featuring these. Looks like they made the right call

Reactions: