Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Receives $49.8 Million IDIQ Contract From the Naval Surface Warfare Center
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - July 1, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded a $49.8 million firm-fixed price indefinite
delivery, indefinite quantity contract from the Naval Surface Warfare
Center (NSWC), Crane Division, Crane, Indiana, for its Short Range - Ground
Mobility Visual Augmentation Systems (SR-GMVAS). The units delivered under
this contract are a Recon III variant and will be installed on military
ground vehicles to provide surveillance, identification, detection and
limited tracking capabilities in all light and weather conditions. Work
will be performed at FLIR's Boston, MA facility.
"This contract highlights FLIR's continued leadership position in providing
high-performance thermal imaging products to the Special Operations
Community and demonstrates the breadth and versatility of FLIR's product
line," said Earl R. Lewis, President and CEO of FLIR. "We are pleased NSWC
Crane has chosen FLIR products for this critically important mission."
Forward-Looking Statements
The statements in this release by Earl R. Lewis and the other statements in
this release about the contract 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 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.