FLIR Systems, Inc. : FLIR Systems Announces $17.9 Million Order From U.S. Navy Expeditionary Combat Command (NECC)
05/21/2012| 09:29am US/Eastern
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PORTLAND, OR -- (Marketwire) -- 05/21/12 -- FLIR Systems,
Inc. (NASDAQ: FLIR) announced today that it has received
a $17.9 million delivery order from the U.S. Navy
Expeditionary Combat Command (NECC) for its SeaFLIR® maritime
imaging systems. The systems are expected to be deployed on
U.S. Navy Patrol Boats.
FLIR's SeaFLIR® product line is currently deployed for
such diverse missions as search and rescue, interdiction,
intelligence, surveillance, reconnaissance, and targeting
applications. In addition, all variants of the SeaFLIR® are
engineered, designed, and qualified for operation in the
harshest maritime conditions.
Work under this contract will be performed primarily out of
FLIR's facility in North Billerica, MA, with deliveries
expected to begin in the third quarter of this year.
"This represents another strong win for us in the
maritime space and builds on our excellent relationship with
the U.S. Navy. Our capability to develop the most useful and
highest performance imaging systems for extreme rugged
conditions is unmatched," said Earl Lewis, President and
CEO of FLIR.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design,
manufacture, and marketing of sensor systems that enhance
perception and awareness. The Company's advanced thermal
imaging and threat detection systems are used for a wide
variety of imaging, thermography, and security applications,
including airborne and ground-based surveillance, condition
monitoring, research and development, manufacturing process
control, search and rescue, drug interdiction, navigation,
transportation safety, border and maritime patrol,
environmental monitoring, and chemical, biological,
radiological, nuclear, and explosives (CBRNE) detection.
Visit the Company's web site at www.FLIR.com.
Forward-Looking Statements
The statements in this release by Earl 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 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.
Source: FLIR Systems, Inc.
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