Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Delivery Orders for $30 Million From the U.S. Army
| Quelle: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - July 30, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded delivery orders totaling $30 million from
the U.S. Army Space and Missile Defense Command in Huntsville, Alabama for
its Star SAFIRE® III stabilized multi-sensor systems. These delivery
orders are issued under a previously announced contract modification on an
existing indefinite delivery, indefinite quantity contract. The units
delivered under these orders will support ongoing U.S. Armed Forces force
protection programs. Work on the delivery orders will begin immediately
and be completed within the next twelve months in FLIR's Wilsonville,
Oregon facility.
"These delivery orders, a continuation of FLIR's relationship with the U.S.
Armed Forces, demonstrate the value of our systems for force protection
applications. We are pleased the U.S. Army and Marines have once again
chosen FLIR products for this critically important mission," said Earl R.
Lewis, President and CEO of FLIR.
Forward-Looking Statements
The statements in this release by Earl R. Lewis and the other statements in
this release about the orders described above, are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Such statements are based on current expectations, estimates
and projections about the Company's business based, in part, on assumptions
made by management. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to
predict. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements due to
numerous factors, including the following: the ability to manufacture and
deliver the systems referenced in this release, changes in demand for the
Company's products, product mix, the timing of customer orders and
deliveries under the agreement discussed above, the impact of competitive
products and pricing, constraints on supplies of critical components,
excess or shortage of production capacity, the ability of the Company to
manufacture and ship products in the time period required, the continuing
eligibility of the Company to act as a federal contractor, the amount and
availability of appropriated government procurement funds and other risks
discussed from time to time in the Company's Securities and Exchange
Commission filings and reports. In addition, such statements could be
affected by general industry and market conditions and growth rates, and
general domestic and international economic conditions. Such
forward-looking statements speak only as of the date on which they are made
and the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the
date of this release, or for changes made to this document by wire services
or Internet service providers.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture and
marketing of thermal imaging and stabilized camera systems for a wide
variety of thermography and imaging applications including condition
monitoring, research and development, manufacturing process control,
airborne observation and broadcast, search and rescue, drug interdiction,
surveillance and reconnaissance, navigation safety, border and maritime
patrol, environmental monitoring and ground-based security. Visit the
Company's web site at www.FLIR.com.