Teledyne's FLIR unit loses Swedish tax appeal; $303M payment expected Q1 2022

TELEDYNE TECHNOLOGIES INC

Swedish Administrative Court of Appeal affirms SEK 2.8 billion ($303M) tax assessment on FLIR subsidiary.
Teledyne will not appeal; expects to pay the tax, penalties and interest in Q1 2022.
Liability for the uncertain tax position was previously recorded after due diligence.
Teledyne states it continues to support its businesses and over 500 personnel in Sweden.

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