Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $28.9 Million Order From Sikorsky Aircraft Corporation
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - October 20, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $28.9 million order from Sikorsky Aircraft
Corporation, a subsidiary of United Technologies Corporation (NYSE : UTX ),
for its family of Star SAFIRE® stabilized, multi-sensor systems. The
units delivered under this order will be installed on Army MEDEVAC Black
Hawk helicopters.
This order represents a continuation of a program to install Star SAFIRE®
systems on the MEDEVAC Black Hawk helicopters, many of which are currently
serving in Iraq and Afghanistan. These systems allow the aircraft to fly
lifesaving missions for American and Allied troops, as well as for
civilians, in all weather, day or night. Including this order, FLIR will
have delivered over 170 systems in the Star SAFIRE® product line for use
on the Army's Search and Rescue and MEDEVAC Black Hawk helicopters.
Work will be performed at FLIR's facilities in Wilsonville, Oregon.
Deliveries on this order are expected to begin in 2010. Including previous
orders, FLIR expects to deliver $52.7 million of systems through 2011 to
this customer.
"This contract, a continuation of FLIR's relationship with Sikorsky and the
U.S. Army, demonstrates the value of our systems to support the diverse
assignments of the Black Hawk helicopter. We are pleased Sikorsky has
chosen FLIR products for this critical, life-saving mission," said Earl R.
Lewis, President and CEO of FLIR Systems, Inc.
Forward-Looking Statements
The statements in this release by Earl R. Lewis, and the other statements
in this release about the order 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 deliveries under the orders
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.