Oregon-based Flir Systems to open Arlington County, Va., Headquarters office staffed with senior-level officials

March 15, 2019: Thermal imaging manufacturer Flir Systems is splitting its Headquarters personnel and staffing between its current site in Wilsonville, Oregon, and a new office in Arlington County, Virginia. The new office is scheduled to house the company’s Chief Executive Officer, Chief Financial Officer and Chief Human Resources Officer. The company will remain incorporated in Oregon and its current Wilsonville headquarters will continue to house corporate staff and manufacturing for the company’s large airborne gimbal cameras. The Wilsonville site, which has about 350 employees, is slated to undergo renovations starting in the second quarter. No layoffs are anticipated as part of this move. The new 30,000-square-foot office—located at 1201 South Joyce Street at Pentagon Row in Arlington County, Va., is scheduled to have sixty-five employees and bring the company closer to its large U.S. government customers and regulators. The new office is scheduled to house the company's Government and Defense Business Unit and feature a showroom to demonstrate the company’s products. Government customers account for 37 percent of Flir’s business, according to company officials. Total sales to the government were roughly 29 percent of revenue, or about $515 million. “Flir is a global company serving diverse customers around the world with advanced technologies,” said President and CEO Jim Cannon in a written statement. “Having a greater presence in Washington, D.C., is critical to helping us grow our business, as it creates better proximity for Flir to support key customers, investors, regulators and the more than 4,000 Flir team members around the world.” Cannon has been based in Indianapolis since he joined the company in June, 2017. He has an office in Wilsonville but travels frequently. Though much of the senior team will be in Virginia, the company said it will still refer to Wilsonville as the Flir Headquarters. The Commercial Business Unit is scheduled to remain based in Oregon under President Travis Merrill. Controller Brian Harding is also scheduled stay in Oregon. The company’s Industrial Business Unit remains located in Goleta, Calif., under President Frank Pennisi. Just last month, in February, 2019, Flir officials made their largest acquisition to date, purchasing Endeavor Robotics Holdings Inc. for $385 million. That company was based in Chelmsford, Mass., and makes unmanned ground vehicles for military, first responders and critical infrastructure customers. Flir was founded in 1978 and has focused on brining thermal imaging technology to more places. Recently, the company has beefed up its drone capabilities. In addition to Endeavor, Flir bought aerial drone maker Aeryon Labs for $200 million in January, 2019. And in 2016, the company acquired Prox Dynamics, which makes tiny aerial drones, for $134 million.


Attribution: The Portland Business Journal



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