Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Delivery Orders for $30.4 Million From the U.S. Army
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - January 7, 2009) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded two delivery orders totaling $30.4 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 were issued under a previously announced contract modification of an
indefinite delivery, indefinite quantity contract. The units delivered
under these orders will be employed in the Base Expeditionary and
Surveillance Systems - Combined (BETSS-C) and the Ground Based Operational
Surveillance System (GBOSS) programs in support of ongoing U.S. Armed
Forces force protection efforts. Work on the delivery orders will begin
immediately and be completed within the next twelve months in FLIR's
Wilsonville, Oregon facility.
"Over the past five years, FLIR has made significant investment in
internally funded research and development to establish a leading position
in force protection sensor solutions for U.S. troops. Our unique
Commercially Developed, Military Qualified (CDMQ®) approach to research
and development offers a compelling combination of low cost, high
performance and rapid development time to address the needs of military
customers. We are committed to working with the U.S. Armed Forces to
continue to advance this important use of our technology, and 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 and contract 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 orders and contract 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, the receipt of any required export licenses 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.