SOURCE: FLIR Systems, Inc.

FLIR Systems, Inc.

December 31, 2012 08:30 ET

FLIR Systems Awarded Contract Valued at $12.5 Million to Support Brazilian Government

PORTLAND, OR--(Marketwire - Dec 31, 2012) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been awarded a contract from Brazil's Special Secretariat for the Security of Major Events (SESGE) valued at $12.5 million for StarSAFIRE® 380 HD and StarSAFIRE® 230 HD Systems.

These StarSAFIRE® advanced imaging systems will primarily be used to support the security plan for the 2014 World Cup and 2016 Olympics sporting events as developed by the SESGE, a commission set up by the Brazilian federal government under the Ministry of Justice, which includes a mission to provide state-of-the-art airborne surveillance.

"This contract illustrates that our long term strategy in international military and security markets is succeeding," said Earl Lewis, President and CEO of FLIR. "Latin America has been an area of investment for our Government Systems business, and we are delighted to provide the Brazilian government with these highly effective surveillance systems."

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 the Company's web site at www.FLIR.com.

Forward-Looking Statements

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 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 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 the Company 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 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.

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