June 16, 2003

FLIR Systems Selected by Seattle Times as Top Company in Annual ``Northwest 100'' Competition

12th Annual Competition Evaluated 173 Public Companies In Washington, Oregon and Idaho

PORTLAND, Ore., Jun 16, 2003 (BUSINESS WIRE) -- FLIR Systems, Inc. (NASDAQ:FLIR) announced today that it has been named by the Seattle Times as the top company in its 12th annual Northwest 100 competition. Approximately 175 publicly traded companies in Washington, Oregon and Idaho were evaluated. The Northwest 100 ranking recognizes the best growth over two years in sales, market value, number of employees and return on average equity.

"We are pleased to have earned this recognition, which is a product of the hard work and dedication of our employees," said Earl Lewis, President and CEO of FLIR. "Our challenge now is to continue our efforts to grow this business so as to earn this recognition again."

About FLIR Systems

FLIR Systems designs, manufactures and markets infrared imaging systems worldwide for a variety of applications. FLIR's imaging products are used in such diverse applications as public safety, defense, navigation, electronic newsgathering and search and rescue. Thermography products support such applications as condition monitoring, non-destructive testing, medical science, research and development, and manufacturing process control. For more information, please visit their Web site at www.FLIR.com.

Forward-Looking Statements

This release contains forward-looking statements, including the Company's expectations for recognition in the Seattle Times' Northwest 100 list in the future, which are forward-looking statements. These 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 continuing ability to penetrate new market applications, the federal funding levels of the US Department of Defense, the availability and timing of federal appropriated funds for procurement of thermal imaging systems, the Company's continuing eligibility to contract with the Federal Government, the Company's continued compliance with US export control laws, additional competition, the Company's ability to win larger delivery contracts, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, actual purchases under purchase agreements and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2002. 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.

SOURCE: FLIR Systems, Inc.

FLIR Systems, Inc.
Jim Fitzhenry, 503/684-3731
www.FLIR.com
or
Investor Contact:
Neil Berkman Associates
310/277-5162
info@BerkmanAssociates.com


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