Key Developments For FLIR Systems, Inc.
FLIR Systems, Inc. (FLIR.O) (Nasdaq)
FLIR Systems, Inc. Raises FY 2009 EPS Guidance; Acquires OmniTech Partners, Inc.
FLIR Systems, Inc. announced that for fiscal 2009, it expects earnings per share (EPS) to be slightly above the most recent outlook. According to Reuters Estimates, analysts are expecting the Company to report $1.43 for the same period. The Company also announced that it has acquired OmniTech Partners, Inc. (OmniTech) for $42 million in cash.
FLIR Systems, Inc. Gets $22 Million Defense Pact For Turret Assembly Parts For Army-AP
The Associated Press reported that FLIR Systems, Inc. received a $22 million contract from the Defense Logistics Agency for turret assembly parts for the Army.
FLIR Systems, Inc. Introduces Line Of Network Ready Thermal Security Cameras
FLIR Systems, Inc. announced the addition of a new suite of fixed, pan/tilt, and dome cameras to their line of thermal security products.
FLIR Systems, Inc. Announces Delivery Order For $15.4 Million From U.S. Army
FLIR Systems, Inc. announced that it has been awarded a new delivery order totaling $15.4 million from the U.S. Army Aviation and Missile Command in Huntsville, Alabama for its Star SAFIRE stabilized multi-sensor systems. The units delivered under this order will be installed on Army Black Hawk helicopters in support of ongoing MEDEVAC missions. Work on the delivery order will be completed within the next twelve months in FLIR's Wilsonville, Oregon facility.
Federal Court Denies Claims by Raytheon Co. in Dispute With FLIR Systems, Inc. and Indigo Systems Corp.
FLIR Systems, Inc. (FLIR) announced that a federal court in Texas has entered an important ruling in favor of the Company and its subsidiary, Indigo Systems Corporation (Indigo), and against Raytheon Co. in one of the disputes in the defense industry. Judge Richard A. Schell of the United States District Court for the Eastern District of Texas dismissed Raytheon's claims against the Company and Indigo for trade secret misappropriation, violation of the Texas Theft Liability Act, unfair competition, tortious interference, and fraudulent concealment. Raytheon's claims were based on its allegations that Indigo hired former employees of Raytheon in an effort to obtain their knowledge of Raytheon's trade secrets relating to infrared camera technology. Still in dispute in the lawsuit are claims by Raytheon for breach of contract and patent infringement, as well as counterclaims by the Company and Indigo that Raytheon's patents in suit are invalid.
