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Thursday, October 25, 2012

iRobot close down Maritime Operation

Credit: iRobot Seaglider
Due to the current defense spending environment and expectations for decreased spending in 2013,  iRobot recently announced the implementation of a broad restructuring of the business. The company has closed down the maritime operations in n Durham, N.C  where it produced its Seaglider robot for defense. The company is stopping production of those robots immediately and moving the unit to its Bedford headquarters. All 80 of the company’s layoffs of full-time employees are from that office, and 11 contractors were also affected.  
Overall, this year’s revenue is expected to be as much as $47 million less than the $465 million to $485 million iRobot predicted in July. According to a statement from the company, it now believes its defense and security unit to bring in $75 million to $80 million, rather than $100 million to $110 million.

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