SOURCE: FLIR Systems, Inc.
WILSONVILLE, OR--(Marketwired - Apr 15, 2014) - FLIR Systems, Inc. (NASDAQ: FLIR) today announced a full-rate production decision from the U.S. Department of Defense for FLIR's integrated chemical, biological, radiological, nuclear, and explosives (CBRNE) threat response system for the Dismounted Reconnaissance Sets, Kits, and Outfits (DR SKO) program. Additionally, FLIR® has been awarded a $12.3 million order from the U.S. Army for low-rate initial production of DR SKO systems as well as a $5.8 million development contract from the U.S. Army for program management and logistics tasks related to the program.
The DR SKO program is a joint-service, Department of Defense initiative centered on CBRNE threat detection systems that will be utilized by the Army, Navy, Air Force, Marines, and Civil Support Teams. The FLIR DR SKO system provides an integrated set of CBRNE detection, identification, sample collection, testing, and personal safety kits that allow personnel to perform site assessment and consequence management missions. The program, originally called the Joint Nuclear Biological Chemical Reconnaissance System Increment II (JNBCRS2), has been in development since 2008.
Production under the order received is expected to be fulfilled during 2014 by FLIR's Detection segment facility in Elkridge, Maryland. Work under the development contract is expected to occur over the remainder of 2014.
"This decision and related orders solidify our position in providing CBRNE solutions and demonstrate FLIR's ability to provide advanced threat detection solutions via a distinctive commercially developed, military qualified (CDMQ®) model," said Andy Teich, President and CEO of FLIR. "Receiving this conclusive production decision and these orders are a result of the work of our CBRNE detection and integration teams and is enabled by our broad suite of sensor technologies."
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. FLIR's advanced systems and components are used for a wide variety of thermal imaging, situational awareness, and security applications, including airborne and ground-based surveillance, condition monitoring, navigation, recreation, research and development, manufacturing process control, search and rescue, drug interdiction, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) threat detection. For more information, visit FLIR's web site at www.FLIR.com.
The statements in this release by Andy Teich and the other statements in this release about the decision and contracts 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 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 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.