A low profile, self-aligning, flip-up mechanism for aiming devices used with firearms. The mechanism folds the aiming device into the contour of the firearm during non-use. The mechanism is spring-loaded and flips into a vertical operational position with a simple movement of a finger or thumb. The mechanism includes at least two separate aiming elements that are mounted in a fashion that allows them to rotate relative to one another thereby facilitating a smaller storage profile. The mechanism also causes the aiming device to self-align itself as it moves into an operational position assuring vertical position repeatability.