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Date Announced: 06 Sep 2011
Repair contract to extend over five years at around $10M per year.
PORTLAND, OR--(Marketwire -09/06/11)- FLIR Systems, Inc. (NASDAQ: FLIR - News) today announced that it has been awarded a contract from the U.S. Army valued at up to $50.0 million for repair and maintenance services for the Army's force protection surveillance systems that are fielded across the globe.
Under the terms of the five year contract, the Army has placed an initial order for $10.2 million of repair and maintenance services for one year, and has the option to procure an additional $39.8 million of similar services over the following four years.
It is expected that the work under this contract will be performed out of FLIR's Foreign Sales operations in the Middle East, as well as its facilities in Wilsonville, OR, and Billerica, MA.
"FLIR has delivered to the Army hundreds of advanced surveillance systems, each of which serves to protect the men and women that are on the front lines of conflict," said Earl Lewis, President and CEO of FLIR Systems. "FLIR is pleased to assist in safeguarding the Army's key assets by being a leader in providing timely and high quality service and support to these fielded systems."
Source: FLIR Systems
E-mail: via web site
Web Site: www.flir.com
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