FLIR - FLIR Systems: Unmanned Tech Shows Early Gains As U.S. Industrial And Defense Segments Await Recovery
- In defense, unmanned technologies represent the bright spot in a segment affected by prior-period shipment timing and large-contract completions.
- Core international markets like Asia and Canada/LatAm will play a key role in softening the year-over-year comps drop in EST product sales.
- The biggest risk I see at this point is a prolonged contraction on the commercial side of the business, which has been a thorn in FLIR's side for several quarters.
- That said, the indicators discussed here point to solid medium- and long-term value based on the dominance of FLIR in the sensing space and its spread across commercial, industrial, and defense sectors across multiple geographies.
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FLIR Systems: Unmanned Tech Shows Early Gains As U.S. Industrial And Defense Segments Await Recovery