FLIR Systems Awarded U.S. Navy Contract Valued at up to $52.1 Million to Support Persistent Ground Surveillance

Date Announced: 30 Aug 2011

Initial $25.6M order for full-spectrum SAFIRE imaging systems, with optional $26.5M follow-up over next three years.

PORTLAND, OR--(Marketwire -08/30/11)- FLIR Systems, Inc. (NASDAQ: FLIR - News) today announced that it has been awarded a contract from the Naval Air Warfare Center Aircraft Division valued at up to $52.1 million for its Star SAFIRE® HD family of digital, high-definition, full-spectrum imaging systems.

Under the terms of the three year, firm fixed price contract, the Navy has placed an initial order for $25.6 million of Star SAFIRE® 380-HD systems and related support, and has the option to procure an additional $26.5 million of Star SAFIRE® 380-HD and Star SAFIRE® HD systems over the next three years. The systems are expected to be deployed on aerostats as part of the Navy's Persistent Ground Surveillance System (PGSS) program.

It is expected that the work under this contract will be performed primarily out of FLIR's facilities in Wilsonville, OR. Deliveries under the initial order are expected to begin in September of this year.

"Our success at providing surveillance systems that directly protect troops in the field is unmistakable," said Earl Lewis, President and CEO of FLIR. "This award showcases how FLIR's commercial operating model, which includes self-funded research and development, yields highly advanced military-qualified products that can be attained quickly, at low prices, and with superior service."

Source: FLIR Systems

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