FLIR Systems Announces Delivery Orders Totaling $57.7 Million From the U.S. Army
PORTLAND, OR--(Marketwire - March 12, 2008) - FLIR Systems, Inc. (NASDAQ: FLIR) announced
today that it has been awarded multiple delivery orders totaling $57.7
million from the U.S. Army Space and Missile Defense Command in Huntsville,
Alabama for its Star SAFIRE® III stabilized multi sensor systems and
THV-3000 Long Range Imager Systems. The units delivered under these orders
will support ongoing U.S. Army and U.S. Marine Corps programs. These
orders were made pursuant to a previously awarded indefinite delivery,
indefinite quantity contract. Work on the delivery orders will begin
immediately and be performed in FLIR's Portland, Oregon and Stockholm,
Sweden production facilities.
"These orders, a continuation of FLIR's relationships with the U.S. Army
and the U.S. Marine Corps, demonstrate the value of our systems for force
protection applications. We are pleased the U.S. Army has once again
chosen FLIR products for this critically important mission, and we look
forward to additional orders in the near future," 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, actual purchases
under agreements, the Company's continuing compliance with US export
control laws and regulations, the timely receipt of export licenses for
international shipments, 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.
Contact Information: Company contact:
Tony Trunzo
FLIR Systems, Inc.
+503-498-3547
www.flir.com