FLIR Systems Receives Production Order Totaling $19.5 Million From U.S. Customs and Border Protection to Support Mobile Surveillance Capabilities
WILSONVILLE, OR — (Marketwired) — 07/07/15 — FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a production order totaling $19.5 million for its Mobile Surveillance Capabilities (MSC) systems, the second option exercised for the procurement of additional units under its five-year firm-fixed price contract with the U.S. Department of Homeland Security, U.S. Customs and Border Protection (CBP). FLIR's MSC system is an integrated mobile surveillance and detection vehicle made to operate day and night in rugged areas of the U.S. southern border, and features FLIR's TacFLIR 380HD long-range stabilized multi-sensor system and a long-range radar integrated into a vehicle-mounted surveillance tower. The contract builds on FLIR's long-term history of providing U.S. CBP with advanced surveillance systems.
"We are pleased to provide these additional MSC integrated surveillance systems to the U.S. Department of Homeland Security," said Andy Teich, President and CEO of FLIR. "Our ability to integrate advanced imaging and sensing systems has provided our customers with proven, reliable, and robust solutions for protecting borders and providing long-range situational awareness. We look forward to continuing our successful deployment of these systems with the U.S. CBP in this important mission."
Production of the MSC systems will be performed in FLIR's facility in Elkridge, MD, and fulfillment of the option is expected to occur over the next 12 months.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness.FLIR'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. For more information, go to FLIR's web site at www.FLIR.com.
The statements in this release by Andy Teich and the other statements in this release about the value of the contract 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 FLIR'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 pricing of FLIR's products, changing demand for FLIR's products, product mix, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of FLIR to manufacture and ship products in a timely manner, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR'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 FLIR 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.