SOURCE: FLIR Systems, Inc.

March 12, 2008 07:30 ET

FLIR Systems Announces Delivery Orders Totaling $57.7 Million From the U.S. Army

PORTLAND, OR--(Marketwire - March 12, 2008) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been awarded multiple delivery orders totaling $57.7 million from the U.S. Army Space and Missile Defense Command in Huntsville, Alabama for its Star SAFIRE® III stabilized multi sensor systems and THV-3000 Long Range Imager Systems. The units delivered under these orders will support ongoing U.S. Army and U.S. Marine Corps programs. These orders were made pursuant to a previously awarded indefinite delivery, indefinite quantity contract. Work on the delivery orders will begin immediately and be performed in FLIR's Portland, Oregon and Stockholm, Sweden production facilities.

"These orders, a continuation of FLIR's relationships with the U.S. Army and the U.S. Marine Corps, demonstrate 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, and we look forward to additional orders in the near future," 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 orders 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 agreement 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, 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.

Contact Information

  • Company contact:
    Tony Trunzo
    FLIR Systems, Inc.
    +503-498-3547
    www.flir.com