SOURCE: FLIR Systems, Inc.

FLIR Systems, Inc.

May 15, 2013 07:30 ET

FLIR Systems Awarded U.S. Army Contract Valued at up to $81 Million to Support MEDEVAC Operations

PORTLAND, OR--(Marketwired - May 15, 2013) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been awarded a two year blanket purchase agreement from the U.S. Army to support the MEDEVAC program. The blanket purchase agreement is valued at $81 million and is for the Army MEDEVAC Mission Sensor (MMS) configuration of FLIR's commercially developed military qualified Talon product, a stabilized 9-inch multi-sensor gimbal system. The Talon MMS will be installed on the Army's fielded and new MEDEVAC Blackhawk helicopters. An initial delivery order of $19 million was received.

Work under this award is expected to be performed out of FLIR's facility in Billerica, MA, with shipments under the initial delivery order expected to be completed by 2014.

"To continue to be a key element of the U.S. Army's MEDEVAC mission is an honor," said Earl Lewis, President and CEO of FLIR. "Our highly advanced imaging systems enhance the efficient and safe location and transport of injured personnel and medics in the field. We excel at providing our products rapidly and with a very low total cost of ownership, which enables the success of customers such as the Army."

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 agreement and 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 FLIR'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 FLIR'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 FLIR 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 FLIR'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 FLIR 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.

Contact Information

  • Company Contact:
    Shane Harrison
    +1 503.498.3547
    www.flir.com