FLIR Systems Announces $4.9 Million Order for the Colombian Military

PORTLAND, OR--(Marketwire - 09/03/09) - FLIR Systems, Inc. (NASDAQ:FLIR - News) announced today that it has received a $4.9 million U.S. Government Foreign Military Sale (FMS) order for the Colombian Army and Air Force. The order includes FLIR System's Star SAFIRE� III infrared multi-sensor surveillance systems, training and related services. The units delivered under this award will be installed on Rotary Wing Surveillance and Tactical Platforms in support of Colombian Ministry of Defense airborne day and night counter-narcotic and counter-insurgency missions.
Work on this order will be performed at FLIR's facility in Wilsonville, Oregon and deliveries are expected to be completed in 2010.
"This order demonstrates FLIR's significant presence in Colombia and Latin America, as we have now fielded over 240 multi-sensor systems in the region," said Earl R. Lewis, President and CEO of FLIR Systems. "We are pleased to be selected once again by the Colombian Ministry of Defense for their life saving counter-narcotic and counter-terror missions."
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 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 US 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.
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
Contact:
Company contact:
Tony Trunzo
FLIR Systems, Inc.
(503) 498-3547
www.flir.com