Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $36.4 Million Order From the U.S. Army
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - June 20, 2007) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has been awarded a $36.4 million firm fixed-price contract
from the U.S. Army Space and Missile Defense Command in Huntsville, Alabama
for its Star SAFIRE® III stabilized multi sensor systems. The units
delivered under this contract will support the U.S. Marine Corps G-BOSS
(Ground-Based Optical Surveillance System) program. Work will be performed
in FLIR's Portland, Oregon production facility. Deliveries will begin
immediately.
"This contract, a continuation of FLIR's relationship with the Army RAID
Program Office, demonstrates the value of our systems for force protection
applications. We are pleased the U.S. Marine Corps has chosen FLIR products
for this critical mission," said Earl R. Lewis, President and CEO of FLIR
Systems, Inc.
Forward-Looking Statements
The statements in this release, including the statements of Earl R. Lewis,
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, the Company's continuing compliance with
US export control laws and regulations, the timely receipt of export
licenses for international shipments, 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.
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.