Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Delivery Orders for $111.7 Million From the U.S. Army
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - May 29, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded delivery orders totaling $111.7 million from
the U.S. Army Space and Missile Defense Command in Huntsville, Alabama for
its Star SAFIRE® III stabilized multi sensor systems. This represents
the first delivery orders under a previously announced new contract
modification on an existing indefinite delivery, indefinite quantity
contract. The units delivered under these orders will support ongoing U.S.
Armed Forces force protection programs. Work on the delivery orders will
begin immediately and be completed within the next twelve months in FLIR's
Portland, Oregon facility.
"These delivery orders, a continuation of FLIR's relationship with the U.S.
Armed Forces, demonstrate the value of our systems for force protection
applications. We are pleased the U.S. Army and Marines have once again
chosen FLIR products for this critically important mission," said Earl R.
Lewis, President and CEO of FLIR.
Forward-Looking Statements
The statements in this release by Earl R. Lewis, and the other statements
in this release about the delivery 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 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 contract and 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, 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.