Teledyne to buy Flir in $8B deal
Teledyne Technologies, a multinational conglomerate based in Thousand Oaks, will spend around $8 billion in cash and stock to buy Flir Systems, a thermal imaging company with a manufacturing and research and development facility in Goleta. The deal was announced early in the morning on Jan. 4, and has been approved by the boards of Read More →
Flir Systems reports third quarter increase in net earnings
Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →
Flir Systems consolidates operations
Flir Systems announced a consolidation of its operations Aug. 30, slimming the Goleta-based company down to three business segments. The government and defense segment will handle surveillance, detection, outdoor and tactical systems. Jim Cannon, Flir president and CEO, was appointed interim head of the department. The industrial segment will be led by Frank Pennisi and Read More →
Flir Systems appoints new CEO
Flir Systems, which has operations in Goleta, appointed James Cannon as its new president and CEO, effective June 19, following the retirement of 33-year company head Andy Teich. Cannon previously served as president of Stanley Security North America & Emerging Markets, a unit of Stanley Black and Decker. In his 16 years with the company, Read More →
MIT Enterprise Forum of the Central Coast heats up with thermal imaging
A rare packed house filled the Cabrillo Pavilion Arts Center Wednesday night for the MIT Enterprise Forum of the Central Coast. The monthly event brings together businesses and technology experts to educate and inform entrepreneurs. Wednesday night, executives from Santa Barbra’s thermal imaging sector came together to inform entrepreneurs about the possibilities in thermal imaging. Read More →
Former Raytheon property in Goleta sells for $2.8M
Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.
