SOURCE: FLIR Systems, Inc.

FLIR Systems, Inc.

December 29, 2014 08:00 ET

FLIR Systems Receives Production Orders Totaling $27.1 Million From the U.S. Department of Defense to Support DR SKO Program

WILSONVILLE, OR--(Marketwired - Dec 29, 2014) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received the first full-rate production orders under a five-year indefinite delivery, indefinite quantity contract from the U.S. Department of Defense to support the Nuclear, Biological, and Chemical Dismounted Reconnaissance Sets, Kits, and Outfits (DR SKO) program. The contract is for FLIR's integrated chemical, biological, radiological, nuclear, and explosives (CBRNE) threat response system and related spares and services. Initial delivery orders totaling $27.1 million were received for systems and support.

The DR SKO program, in development since 2008, 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.

"This award is the outcome of our ability to design and produce highly-integrated systems that leverage many different types of sensing and CBRNE technologies," said Andy Teich, President and CEO of FLIR. "These advanced threat detection systems will serve to protect troops and citizens and we are proud to be able to support the U.S. Department of Defense in this endeavor."

Production under the contract is expected to be performed out of FLIR's facility in Elkridge, MD, and fulfillment of these delivery orders is expected to occur throughout 2015.

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 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. For more information, go to FLIR's web site at www.FLIR.com.

Forward-Looking Statements
The statements in this release by Andy Teich and the other statements in this release about the contract and 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 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 pricing of FLIR's products, changing demand for FLIR's products, product mix, 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 a timely manner, 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.

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