Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $7.2 Million Order for the Indian Air Force
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - August 5, 2009) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $7.2 million U.S. Government Foreign Military
Sale (FMS) order for the Indian Air Force. The order includes FLIR System's
Star SAFIRE® III infrared multi-sensor surveillance systems, training and
related services. The units delivered under this award will be installed
on C-130J Fixed Wing Surveillance Platforms in support of Indian Ministry
of Defense airborne missions.
This FMS order represents the first fixed-wing sale of FLIR's multi-sensor
systems to the Indian Ministry of Defense. Work on this order will be
performed at FLIR's facility in Wilsonville, Oregon and deliveries are
expected to be completed by 2011.
"This order, the result of FLIR's world-class products and significant
investment in regional support and training, demonstrates our ability to
penetrate new international markets," said Earl R. Lewis, President and CEO
of FLIR Systems. "We are pleased the Indian Ministry of Defense has chosen
FLIR products for their critical homeland security and national defense
missions and look forward to collaborating with them in the future."
Forward-Looking Statements
The statements in this release by Earl R. Lewis, and the other statements
in this release about the order 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 order
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.