SOURCE: FLIR Systems, Inc.

October 22, 2007 17:00 ET

FLIR Systems Announces $3.2 Million Order From US DOD

First Delivery Order Under New $27 Million IDIQ Contract

PORTLAND, OR--(Marketwire - October 22, 2007) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a $3.2 million order from the United States Department of Defense for its next generation, lightweight, high performance thermal imager. This represents the first delivery order under a newly awarded $27 million indefinite delivery, indefinite quantity contract. The units delivered under this order will be used by the U.S. military for reconnaissance and surveillance missions.

The system was developed in conjunction with customer participation and represents the latest in long range, man-portable thermal imaging system capability. The system weighs less than 5 pounds, incorporates high magnification optics and runs on commercially available batteries.

Work will be performed at FLIR's facilities in North Billerica, MA. Deliveries will begin in 2007 and extend into 2010.

"This contract further demonstrates FLIR's leadership position with the U.S. military and the company's ability to rapidly field new technology in response to emerging customer requirements," commented Earl R. Lewis, Chairman, President and CEO of FLIR Systems. "We are delighted to support this important customer in its ongoing mission."

Forward-Looking Statements

The statements in this release, including the statements of Earl R. Lewis, 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 agreement discussed above, the impact of competitive products and pricing, the Company's continuing compliance with US export control laws and regulations, the timely receipt of export licenses for international shipments, 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

Contact Information

  • Company contact:
    Tony Trunzo
    FLIR Systems, Inc.
    (503) 498-3547