FLIR Systems Awarded U.S. Navy ContractAugust 31, 2011
Valued at up to $52.1 Million, the contract is for FLIR to supply imaging systems to support persistent ground surveillance.
PORTLAND, OR -- (Marketwire) -- FLIR Systems, Inc. (NASDAQ: FLIR) 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."
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.
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