PORTLAND, OR -- (MARKET WIRE) -- 01/26/11 --
FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been awarded a delivery order totaling $15.8 million for its Star SAFIRE® II stabilized multi-sensor systems to support the U.S. Army MEDEVAC program. The units delivered under this order will be employed on the Army MEDEVAC UH-60 Blackhawk helicopters serving in Iraq and Afghanistan.
Work under this contract will be performed out of FLIR's facilities in Wilsonville, OR, with deliveries expected to be completed within the next twelve months.
"With hundreds of sensors already supporting U.S. Army initiatives, this contract reiterates FLIR's leadership in providing reliable and effective imaging products," said Earl R. Lewis, President and CEO, FLIR Systems, Inc. "FLIR invests heavily in research and development to ensure our sensor systems are the most technologically advanced and dependable solutions for protecting troops in the harshest environments."
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 imaging and thermography applications including airborne observation and broadcast, ground-based security and surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, and environmental monitoring. Visit the Company's web site at www.FLIR.com.
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 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 Company's continuing compliance with U.S. export control laws and regulations, the timely receipt of export licenses for international shipments, the continuing eligibility of the Company to act as a federal contractor, 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.
FLIR Systems, Inc.
Source: FLIR Systems, Inc.
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