Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Delivery Order for $96.6 Million From the U.S. Army
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - September 10, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded a new delivery order totaling $96.6 million
from the U.S. Army Space and Missile Defense Command in Huntsville, Alabama
for its Star SAFIRE® III stabilized multi-sensor systems. This delivery
order is issued under a previously announced contract modification on an
existing indefinite delivery, indefinite quantity contract. The units
delivered under this order will support the Base Expeditionary Targeting
and Surveillance Systems - Combined (BETSS-C) program. Work on the delivery
order will be completed within the next twelve months in FLIR's
Wilsonville, Oregon facility.
"This delivery order, a continuation of FLIR's relationship with the U.S.
Army, demonstrates the value of our systems for force protection
applications. We are pleased the U.S. Army has once again chosen FLIR
products for this critically important mission," said Earl R. Lewis,
President and CEO of FLIR.
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 customer orders and
deliveries under the order and 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, 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.