Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Orders Totaling $11.4 Million From Naval Surface Warfare Center
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - April 15, 2009) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received orders totaling $11.4 million from NSWC, Crane
Division for its BRITE Star® II multi-sensor target designation systems.
The orders were pursuant to a previously announced $125.3 million, five
year requirements contract. The units delivered under these orders will be
used by the U.S. Marine Corps and U.S. Navy for various missions.
Work will be performed at FLIR's facilities in Wilsonville, OR. Deliveries
are expected to begin in 2010 and conclude in 2011.
"These new orders under the existing contract further demonstrate FLIR's
position as a leading, world-class supplier of sophisticated, EO/IR laser
designation systems," said Earl R. Lewis, President and CEO of FLIR
Systems, Inc. "We are pleased the Navy and Marine Corps have selected FLIR
products for their critical missions."
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 deliveries under the orders
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, 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.