Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $9.3 Million Order From Naval Surface Warfare Center
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - October 18, 2007) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $9.3 million fixed-price contract from NSWC,
Crane Division for AN/KAX-1A Maritime Forward-Looking Infrared systems.
The stabilized, lightweight, multi-sensor systems delivered under this
contract will support the Long Range Ground Mobility Visual Augmentation
Systems (LR-GMVAS) Program and provide ground vehicles with an all-weather,
day/night, high-resolution, stabilized, thermal imaging capability.
Work will be performed at FLIR's facilities in North Billerica, MA.
Deliveries will begin in 2008 and extend into 2012.
"This contract, building on FLIR's existing relationship with the Special
Operations Community, demonstrates the value of our systems for emerging,
vehicle-based applications and furthers our strategy to equip ground-based
forces," said Earl R. Lewis, President and CEO of FLIR Systems, Inc. "We
are pleased NSWC Crane has chosen FLIR products for this critical mission."
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 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, 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, 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.