Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $23.1 Million Delivery Order From the U.S. Coast Guard
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - June 24, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded a $23.1 million delivery order from the U.S.
Coast Guard for the Electro-Optical Sensor System (ESS) program. The units
delivered under this order, variants of FLIR's TALON® stabilized
multi-sensor system, will be installed on HH-60 and HH-65 helicopters to
enhance the Coast Guard's performance of its airborne use of force,
interdiction, and search and rescue missions. Work will be performed in
FLIR's North Billerica, MA facility.
This order was made pursuant to a previously awarded indefinite delivery,
indefinite quantity contract. Initial units were fielded in 2007,
providing enhanced detection capabilities to the Coast Guard in the war on
drugs and homeland defense.
"This contract builds on FLIR's excellent relationship with the U.S. Coast
Guard and demonstrates the unique capabilities and extreme ruggedness of
our systems," said Earl R. Lewis, President and CEO of FLIR. "We are
delighted the Coast Guard has once again chosen FLIR products for this
critical mission."
Forward-Looking Statements
The statements in this release by Earl R. Lewis and the other statements in
this release about the order 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 IDIQ 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,
actual purchases under agreements, 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.