Tag: defense

FLIR to join Teledyne in big sensing acquisition

Teledyne Technologies will acquire FLIR Systems in a cash and stock transaction valued at $8 billion, both companies announced on Jan. 4.

Teledyne is a provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Its operations are primarily in the United States, Canada, the United Kingdom, and Western and Northern Europe.

Founded in 1978, FLIR is an industrial technology company focused on intelligent sensing solutions for defense and industrial applications.

Under the terms of the agreement, FLIR stockholders will receive $28 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share based on Teledyne’s five-day volume weighted average price as of December 31, 2020. The transaction reflects a 40% premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price as of Dec. 31, 2020.

As part of the transaction, Teledyne has arranged a $4.5 billion 364-day credit commitment to fund the transaction and refinance certain existing debt. Teledyne expects to fund the transaction with permanent financing prior to closing. Net leverage at closing is expected to be approximately 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x by the end of 2022.

Teledyne expects the acquisition to be immediately accretive to earnings, excluding transaction costs and intangible asset amortization, and accretive to GAAP earnings in the first full calendar year following the acquisition.

“At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers. However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths,” said Robert Mehrabian, executive chairman of Teledyne. “For two decades, Teledyne has demonstrated its ability to compound earnings and cash flow consistently and predictably. Together with FLIR and an optimized capital structure, I am confident we shall continue delivering superior returns to our stockholders.”

“FLIR’s commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today,” said Earl Lewis, chairman of FLIR. “With our new partner’s platform of complementary technologies, we will be able to continue this trajectory, providing our employees, customers and stockholders even more exciting momentum for growth. Our board fully supports this transaction, which delivers immediate value and the opportunity to participate in the upside potential of the combined company.”

“We could not be more excited to join forces with Teledyne through this value-creating transaction. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base,” said Jim Cannon, FLIR president and CEO. “We are pleased to be partnering with an organization that shares our focus on continuous innovation and operational excellence, and we look forward to working closely with the Teledyne team as we bring our two companies together to capitalize on the important opportunities ahead.”

Fourth-quarter financial results. In a separate press release issued today, Teledyne announced improved preliminary financial results for the fourth quarter and full year 2020. The Teledyne press release is available on www.teledyne.com. FLIR noted today that it expects to meet or exceed the full year fiscal 2020 guidance it provided on Oct. 30.

Approvals and timing. The transaction, which has been approved by the boards of directors of both companies, is expected to close in the middle of 2021 subject to the receipt of required regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approvals of Teledyne and FLIR stockholders and other customary closing conditions.

Advisors. Evercore is acting as exclusive financial advisor and McGuireWoods LLP is acting as legal advisor to Teledyne in connection with the transaction. Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Hogan Lovells US LLP is acting as legal advisor to FLIR in connection with the transaction. Teledyne has entered into a 364-day senior unsecured bridge facility credit agreement with Bank of America as sole lead arranger and administrative agent.

Conference call and webcast. Teledyne and FLIR hosted a conference call to discuss the acquisition. A replay is available and will be available for one month.

January 5, 2021
ION changes date for 2021 Joint Navigation Conference

The Institute of Navigation (ION) has changed the dates for the 2021 Joint Navigation Conference (JNC) to Aug. 24-27 at the Northern Kentucky Convention Center in Covington, Kentucky.

The conference will be hosted by the Military Division of the Institute of Navigation for the Department of Defense and Department of Homeland Security. Its theme will be “Enhancing Dominance and Resilience for Warfighting and Homeland Security PNT.”

The FEDCON U.S.-only sessions will take place at the Northern Kentucky Convention Center in Covington, Kentucky, Aug. 24-26; and the U.S.-only secret sessions will be held at the Air Force Institute of Technology, WPAFB in Dayton, Ohio, Aug. 27. The JNC 2021 exhibit hall will be open Aug. 25-26.

This decision to change the date and host the conference in person was made in consideration of the forecasted Spring 2021 global accessibility of the COVID-19 vaccine.

“We have made this decision to ensure our attendees feel safe gathering at ION events,” said Lisa Beaty, executive director at ION. “There appears to be good reason for optimism that our military PNT community will be able to gather again soon.”

According to ION, JNC is the largest U.S. military positioning, navigation and timing (PNT) conference of the year with joint service and government participation. The event focuses on technical advances in PNT with emphasis on joint development, test and support of affordable PNT systems, logistics and integration.

December 17, 2020
Anti-jamming market for GPS to be worth $5.9 billion by 2025

Photo: Milan_Jovic/E+/Getty Images

According to a new market research report, “Anti-Jamming Market for GPS with COVID-19 Impact, by Receiver Type (Military and Government Grade and Commercial Transportation Grade), Technique (Nulling, Beam Steering and Civilian), End-User, Application and Geography — Global Forecast to 2025,” the anti-jamming market for GPS is valued at $4 billion in 2020 and is expected to reach $5.9 billion by 2025.

The report, published by MarketsandMarkets, also states that the market is expected to grow at a CAGR of 7.9% from 2020 to 2025. Some of the key factors driving this growth include high demand for GPS technology in military applications and ongoing developments to improve overall GPS structure. Factors such as the growing demand for unmanned airborne vehicles and systems and the development of low-cost GPS anti-jamming solutions also are expected to provide growth opportunities to players in the GPS anti-jamming market.

According to the report, Nulling Technique is expected to hold largest share of GPS anti-jamming market from 2020 to 2025. In addition, surveillance and reconnaissance are expected to hold largest share of GPS anti-jamming market during the forecast period.

The GPS anti-jamming market in Asia Pacific is expected to grow significantly, as a result of a rise in the number of terror attacks in the region, which has led to countries enhancing their surveillance and antiterrorism capabilities, the report added. Countries in this area are also manufacture defense aircraft, which is expected to increase the scope of GPS anti-jamming for defense and aerospace systems. An increase in the defense expenditures of India and China, among other countries, and the expansion of militaries in emerging economies also have accelerated the demand for GPS anti-jamming solutions in Asia Pacific.

Raytheon Technologies, Hexagon, Thales Group, L3Harris Technologies, BAE Systems, Cobham, Mayflower Communications, infinDome, Lockheed Martin, Israel Aerospace Industries, Furuno Electric and Meteksan Defense are few major players in the GPS anti-jamming market.

MarketsandMarkets provides B2B research on 30,000 niche opportunities/threats that will impact 70% to 80% of worldwide companies’ revenues, the research firm said.

December 14, 2020
FLIR Systems acquires Altavian for defense sUAS

Photo: FLIR Systems

FLIR Systems Inc. has acquired Altavian Inc., a privately held manufacturer of small unmanned aerial systems (sUAS) for defense and public-safety customers.

Altavian’s airframes integrate multiple sensors, including FLIR thermal technology, to provide users with decision support and intelligence, surveillance and reconnaissance (ISR) capability.

Based in Gainesville, Florida and founded in 2011, Altavian designs and manufacturers Group 1 UAS solutions for long or short range operations. With both quadcopter and fixed-wing UAS designs, Altavian’s expertise includes aeronautics, avionics, and software, and its solutions are engineered around an open system architecture aligned to the needs of government and defense customers.

Altavian is one of five drone manufacturers approved by the U.S. Department of Defense under the Blue sUAS program to sell to the U.S. military and federal agencies.

“Altavian’s proven engineering expertise and assets will allow us to offer customers the most comprehensive solution portfolio of any American sUAS provider,” said Roger Wells, general manager of the Unmanned Systems and Integrated Solutions business of FLIR Systems’ Defense Technologies Segment, under which Altavian will be integrated. “With the addition of both a low-cost, rapidly deployable quadcopter and a longer range fixed-wing UAS, FLIR is strengthening its already impressive drone lineup, including our Black Hornet and SkyRaider platforms used extensively by militaries around the globe. We’re excited about the multiple new franchise opportunities FLIR will be able to pursue for defense, public safety, and industrial markets worldwide.”

For more information about FLIR Systems’ existing sUAS solutions, visit flir.com/defense-uas.

December 3, 2020
Orolia unveils M-code-enabled mobile timing and sync solutions

Flexible, resilient military PNT designed for every military environment

Orolia, through its Orolia Defense & Security business, has announced the availability of M-code military GPS receivers in its resilient PNT products and solutions, including M-code-enabled mobile mission timing and synchronization platforms.

M-code capabilities further enhance Orolia’s Versa mobile PNT platform for rugged, small SWaP-C requirements and Orolia’s flagship SecureSync resilient time and frequency reference solution — the first Defense Information Systems Agency (DISA) approved time server.

M-code is a military signal used in the L1 and L2 GPS bands and is required by congressional mandate for U.S. Department of Defense (DoD) military operations. It is designed to enhance positioning, navigation and timing (PNT) capabilities and improved resistance to existing and emerging GPS threats, such as jamming and spoofing.

M-code offers several operational benefits, including a higher power signal with improved resistance to jamming and interference; advanced security features to prevent unauthorized access or exploitation; and improved message formats and signal modulation techniques for faster and more accurate performance.

“As threats against GPS increase, military forces will need M-code capabilities on mobile PNT systems to ensure continuous operations wherever they go,” said Hironori Sasaki, president of Orolia Defense & Security. “Orolia is proud to continue to support Department of Defense initiatives to ensure that warfighters have the most secure, reliable and accurate positioning, timing and synchronization solutions in any environment.”

From resilient PNT solutions to GPS/GNSS simulation, interference detection and mitigation, Orolia provides end-to-end NAVWAR and resilient PNT solutions to protect, augment and strengthen military systems for GPS-denied environments.

November 12, 2020
Emcore’s EN-300 FOG IMU in high-rate production

EN-300 Precision Fiber Optic IMU/INS (Photo: Emcore)

Emcore Corp.’s EN-300 FOG (fiber optic gyro) inertial measurement unit (IMU) is now in high-rate production and is broadly available for purchase with 12-week lead times. The EN-300 was announced in April.

Based in Alhambra, California, Emcore providees advanced mixed-signal products that serve the aerospace, defense and broadband communications markets.

Emcore’s EN-300 offers up to 10 times the bias performance of legacy systems in a form, fit and function compatible package, the company said. This improved performance makes the EN-300 suitable for GPS-denied navigation, precise targeting and line-of-sight stabilization requirements for unmanned aerial vehicles as well as other demanding applications.

Emcore has successfully completed a comprehensive Design Verification Testing (DVT) regimen over tough environmental conditions and has provided numerous proof-of-technology IMUs globally to defense contractor primes and aerospace customers seeking to upgrade their platforms and systems. Emcore is now expanding production of the EN-300 with strict manufacturing process and quality controls in place to enhance on-time delivery and specification compliance.

“Given the strong market interest and demand, we are extremely pleased to announce the production ramp-up and broad availability for purchase of the EN-300,” said David Hoyh, Emcore’s director of sales & marketing for navigation products. “Emcore’s vertical integration creates unique capabilities that enable us to deliver the higher level of performance demanded by the market, coupled with greater precision and lower cost to further benefit our customers.”

According to Emcore, the EN-300 precision FOG IMU is a three-axis, closed-loop design using the Company’s proprietary, solid-state FOG transceiver with advanced integrated optics, offering improved reliability and lower cost than legacy IMUs. It can be ordered with performance options tailored to specific customer requirements.

The COTS (commercial off-the-shelf) EN-300-3 model achieves bias in-run stability as low as 0.04 degree/hr with ARW (Angle Random Walk) of 0.015 degree/rt-hr. The non-ITAR EN-300 is superior in performance to older generation such as the closed-loop LN-200 IMU or open-loop KVH 1750 series IMU units that have higher bias over temperature drift.

October 29, 2020
Inertial Labs launches Kernel-100 IMU with MEMS sensors

Photo: Inertial Labs

Inertial Labs is offering a new industrial-grade inertial measurement unit (IMU) for aerospace and defense applications, among others.

The Kernel-100 is a compact, self-contained strapdown IMU that measures linear acceleration and angular rates with three-axis MEMS accelerometers and three-axis MEMS gyroscopes.

The Kernel-100 is fully calibrated, temperature compensated, mathematically aligned to an orthogonal coordinate system. It contains up to 2 deg/hr bias in-run stability gyroscopes and 10 μg bias in-run stability accelerometers with extremely low noise and high repeatability.

The Kernel-100 is a fully integrated inertial solution that includes the newest MEMS sensor technologies. With seamless integration, the Kernel-100 inertial system is a cost-effective high performance yet compact and low-power IMU, the company said. The Kernel-100 is easy to integrate in a wide range of higher order systems while consuming very little space and power.

With continuous built-in test (BIT), configurable communications protocols, electromagnetic interference protection, and flexible input power requirements, the Kernel-100 is built to be used in a wide variety of environments and integrated system applications.

Built for air, marine and land environments, the Kernel-100 can be integrated into motion reference units, attitude and heading reference systems, and GPS-aided inertial navigation systems. As a result, the Kernel-100 is suitable for a wide variety of applications such as autonomous vehicles, antenna and line-of-sight stabilizations systems, and buoy or boat motion monitoring.

Inertial Labs provides innovative solutions to commerce, industry and government for defense and aerospace.

October 28, 2020
Hexagon Geospatial updates platform for location intelligence
Luciad 2020.1 provides capabilities with panoramic imagery. (Screenshot: Hexagon Geospatial)

Luciad 2020.1 features dynamic panoramic imagery capabilities and immersive 3D imagery

Hexagon’s Geospatial division has launched Luciad 2020.1, a significant update to its platform for building advanced location intelligence and real-time, situational awareness applications.

Luciad 2020.1 delivers immersive 3D experiences with 360-degree panoramic imagery support that can be combined with other 3D data layers for geospatial applications. The latest release also features additional styling for 3D meshes and 3D data integration capabilities.

Visualization and Analysis

Hexagon’s Luciad portfolio allows developers to create powerful, high-performance applications that leverage data from any source for visualization and analysis in 2D and 3D. Combining static, dynamic and real-time data, including moving tracks, Luciad-powered applications support defense, aviation, infrastructure and other critical sectors.

For the 2020.1 release of LuciadRIA, which is used for building browser-based solutions, Hexagon has added 360-degree panoramic imagery capabilities that can be combined with other 3D data layers to provide complete imagery coverage and detailed information about a location. Panoramic imagery puts users in control of what they want to look at within an image. The panoramic 3D experience is powered by a new streaming imagery data service in LuciadFusion, Hexagon’s OGC-compliant server solution.

“With the addition of panoramic imagery capabilities and other 3D data enhancements, Luciad 2020.1 puts local governments, transportation departments, utility companies and others in control of what they can observe and analyze within a particular scene,” said Mladen Stojic, president of Hexagon’s Geospatial division. “With these capabilities, organizations can remotely monitor their assets and infrastructure, significantly reduce manual inspection processes and fully leverage location intelligence across the enterprise.”

More New Features

The release contains other new features and improvements requested by customers, including:
- military grid coordinate transformations
- non-georeferenced WebGL-based views
- improved imagery sampling
- additional format support and upgrades.
For defense customers, the Luciad 2020.1 release consolidates its military symbology support across all Luciad platforms and programming languages.
October 22, 2020
Spirent’s SimIQ software designed to speed GNSS product testing
Enables greater collaboration and faster product development through I/Q data streaming

Spirent Federal Systems has released SimIQ, software that allows for earlier and more efficient GNSS testing during product development.

From software-in-the-loop through to final-form testing, SimIQ enables developers to collaborate across the full design lifecycle through the creation, sharing and replay of I/Q data files.

“SimIQ Capture allows developers to test their receiver algorithms in the earliest stages of design, minimizing costs and giving designers confidence as they proceed to the hardware design phase.”

SimIQ has been developed to meet the growing need to test GNSS capabilities earlier to accelerate product development, while simultaneously reducing costs by identifying issues prior to the purchase of hardware components.

For developers using Spirent’s GSS9000 and GSS7000 simulators, SimIQ extends multi-frequency, multi-constellation simulation capabilities to cover software-only testing needs through the capture and replay of high-fidelity I/Q data files.

Housed in a single system, SimIQ reads and generates I/Q data with two major components, SimIQ Capture and SimIQ Replay.
- SimIQ Capture. Allows Spirent GNSS simulators to generate I/Q files containing all the GNSS signal data required to test the algorithms, conformance, and performance of software receivers. It enables the recording of GNSS I/Q data into files hosted in the simulator, helping development and testing teams to validate positioning, navigation and timing (PNT) algorithms before expensive hardware designs.
SimIQ Capture: Record I/Q data from Spirent GNSS simulators into files. (Image: Spirent)
- SimIQ Replay. Enables the simulator to read any I/Q file containing GNSS data. In addition, it facilitates the generation of RF from pre-recorded interference signals and custom waveforms. The flexibility and unrivalled signal generation architecture of Spirent’s hardware enables the generation of these signals from I/Q files, while maintaining fidelity and quality due to Spirent’s unrivalled signal generation architecture.
SimIQ Replay: Generate RF with Spirent GNSS simulators form I/Q files. (Image: Spirent)

Test engineers can accelerate development, and thus save time and resources, by using Spirent simulators during the entire design lifecycle. The new software will bring significant benefits to developers in the defense and aerospace sectors.

“SimIQ Capture allows developers to test their receiver algorithms in the earliest stages of design, minimizing costs and giving designers confidence as they proceed to the hardware design phase,” said Jen Smith, Spirent Federal’s director of Business Development.

SimIQ will be available to new and existing customers beginning in the fourth quarter of 2020.
September 1, 2020
UAV Navigation launches compact autopilot VECTOR-400

Photo: UAV Navigation

UAV Navigation has launched the VECTOR-400, a compact autopilot designed specifically for unmanned aerial targets (UAT). It features a robust enclosure and a military-grade connector designed to withstand the harshest environments, in accordance with MIL-STD 810 and MIL-STD 461.

“We wanted to develop a solution specifically for manufacturers of aerial targets,” said Tobias Webster, managing director of UAV Navigation. “That is why it was important for the autopilot to have the features required by this kind of UAV, such as sea-skimming (extremely low-level flight) or the capability to navigate without a GNSS signal.”

Thanks to its physical and logical redundancy, the VECTOR-400 is able to continue a mission in case of individual sensor failure and even when subject to jamming, maintaining accurate estimations of attitude and position. It features advanced algorithms for stall prevention and the ability to carry out an efficient gliding maneuver in case of engine failure.

The VECTOR-400 uses an air data attitude and heading reference system (ADAHRS) and inertial navigation system (INS) developed by UAV Navigation, which provides high precision attitude information and which allows reliable navigation even under the most demanding circumstances.

The ADAHRS gives the VECTOR-400 the capability to operate in GNSS-denied environments (less than 30 m/min drift) and also to execute highly dynamic maneuvers.

“The VECTOR-400 is not a product in isolation, rather it forms part of our global strategy. Some of its main features, such as the execution of completely automatic functions or its compact and easy to integrate software, which also allow it to be operated in case of data-link failure, are already used in other products in our autopilot family, such as the VECTOR-600” explained Webster.

In addition to its advanced technology, the VECTOR-400 benefits from the same stringent quality standards that UAV Navigation insists upon for all of its products. The company carries out rigorous calibration processes and acceptance testing on every single unit before it ships, together with its individual certificate of conformity.

UAV Navigation has designed the VECTOR-400 to meet MIL-STD 810 and MIL-STD 461 standards. The design and development of its software and hardware has been carried out in accordance with DO-178C, DO-254 and also ASTM F3201-16 — a certification available for unmanned aerial systems.

“Not all autopilots are able to control highly dynamic platforms; even fewer are able to carry out advanced, high-speed maneuvers and low-level flight such as sea-skimming,” Webster said. “That is why we are extremely pleased with this new product, which we believe meets a requirement in the market that had yet to be covered.”

July 20, 2020
SMC awards 3 agreements for modernized GPS handheld

SMC awards multiple rapid prototyping agreements for joint modernized GPS handheld device; four demonstrations to be held

The Defense Advanced GPS Receiver (DAGR) in use in 2011. (Photo: U.S. Army)

On June 26, the United States Space Force’s Space and Missile Systems Center awarded three separate rapid prototyping agreements to Collins Aerospace, Raytheon Intelligence & Space and the Technology Advancement Group for a total of $41.1 million.

The firm-fixed price agreements are for the development of a basic working prototype of the joint modernized GPS handheld device. The contract provides the government with innovative solutions demonstrated via hardware and software prototype development.

The purpose of this rapid prototyping effort is to produce a joint modernized handheld smaller in size with low power consumption, increased military-code capability, and improved anti-jamming and anti-spoofing capabilities compared to the equipment now used by the military.

4 demonstrations coming

This is the second competitive objective under the current Phase I strategy and is the result of a down-select from five to three vendors. It builds off the first objective of Phase I, which focused on mock-ups and drawings.

These agreements provide for four demonstrations to be held with Army and Marine Corps representatives. The demonstrations give the end users an early opportunity to provide feedback and the ability to influence the final design — ultimately making for a more seamless transition to operations.

“This is the first major update to the military’s GPS handheld device in more than 15 years,” said Col. Clifford Sulham, User Products Division chief. “The advanced capabilities of this device will allow our airmen, soldiers, sailors and Marines to conduct operations in GPS-challenged environments.”

July 9, 2020
Orolia delivers its first low SWaP-C miniaturized rubidium oscillator

Photo: Orolia

Orolia has introduced a low SWaP-C miniaturized rubidium oscillator, the Spectratime mRO-50, designed to meet the latest commercial, military and aerospace requirements where time stability and power consumption are critical. The oscillator is low SWaP-C — size, weight, power and cost.

The Spectratime mRO-50 provides a one-day holdover below 1 µs and a retrace below 1 x 10^-10 in a form factor sized 50.8 x 50.8 x 19.5 millimeters. It takes up only 51 cc of volume — about one-third of volume compared to standard rubidiums — and consumes only 0.45 W of power.

he Spectratime mRO-50 miniaturized rubidium oscillator provides accurate frequency and precise time synchronization to mobile applications, such as military radio-pack systems in GNSS-denied environments. Its operating temperature of -10°C to 60°C (military version extends to -40°C to 75°C) is also suitable for UAVs and underwater applications.

Orolia is a leader in space-based atomic clocks and high-end crystal, rubidium, hydrogen maser and integrated GPS/GNSS clocks. The company also provides testing instruments for space missions that rely on high precision atomic clock technology.

Orolia’s Atomic Clocks team received the 2019 PTTI Distinguished Service Award in January for advancing the state of the art in high-stability atomic clocks and producing the only space-based passive H-maser in the world, operating on all Galileo satellites. Spectratime mRO-50 is the latest technology solution from this award-winning team.

“Through Orolia’s continuous commitment to innovation, we are proud to offer our customers more precise PNT data in a cutting-edge, lightweight form factor for mobile missions,” said Orolia’s Atomic Clocks Product Line Director, Jean-Charles Chen.

June 4, 2020