PORTLAND, OR--(Marketwired - May 16, 2013) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received an order to support the U.S. Coast Guard valued at $23 million. The order is for the Coast Guard's Electro-Optical Sensor System (ESS) configuration of FLIR's commercially developed military qualified Talon 9-inch stabilized multi-sensor gimbal system. The ESS systems will be deployed on the Coast Guard's H-60 and H-65 helicopters.
Work under this order is expected to be performed out of FLIR's facility in Billerica, MA, with shipments expected to be completed by the end of the year.
"This order is a continuation of our longstanding support of the multiple missions of the Department of Homeland Security," said Earl Lewis, President and CEO of FLIR. "We have a proven ability to provide state of the art imaging technologies that are critical to protecting people and are developed on a commercial basis, which results in reduced delivery time and lower prices for our customers. We are pleased to be able to continue our successful relationship with the U.S. Coast Guard."
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company's advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit FLIR's web site at www.FLIR.com.
The statements in this release by Earl 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 FLIR'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 FLIR'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 FLIR to manufacture and ship products in the time period required, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR'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 FLIR 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.