Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $26.4 Million Order From Bell Helicopter
Order Represents Initial Production Units for US Army's Armed Reconnaissance Helicopter Program
| Source: FLIR Systems, Inc.
PORTLAND, OR -- (MARKET WIRE) -- January 9, 2007 -- FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $26.4 million order from Bell Helicopter, a
division of Textron, Inc. (NYSE : TXT ) for its BRITE Star® II stabilized
multi sensor systems. The order is for production units for the Target
Acquisition Sensor Suite (TASS) as part of the US Army's Armed
Reconnaissance Helicopter Program. Work will be performed at FLIR's
facilities in Portland, Oregon and Orlando, Florida. Deliveries will begin
in the second half of 2007.
"We are delighted to be part of the Bell team for this critical Army
aviation program," commented Earl R. Lewis, President and CEO of FLIR
Systems, Inc. "Our BRITE Star® II system, developed over the past several
years, represents our most sophisticated product offering to date and we
look forward to providing these advanced systems to Bell and the Army and
other customers over the next several years," he concluded.
Forward-Looking Statements
The statements in this release, including the statements of Earl R. Lewis,
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 under the order 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, the Company's
continuing compliance with US export control laws and regulations, the
timely receipt of export licenses for international shipments, 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, actual purchases under agreements, 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.
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.