FLIR Systems Announces $26.4 Million Order From Bell Helicopter
PORTLAND, OR, Jan 09, 2007 (MARKET WIRE via COMTEX News Network) — FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a $26.4 million order from Bell Helicopter, a division of Textron, Inc. (NYSE: TXT) for its BRITE Star(R) II stabilized multi sensor systems. The order is for production units for the Target Acquisition Sensor Suite (TASS) as part of the US Army’s Armed Reconnaissance Helicopter Program. Work will be performed at FLIR’s facilities in Portland, Oregon and Orlando, Florida. Deliveries will begin in the second half of 2007.
“We are delighted to be part of the Bell team for this critical Army aviation program,” commented Earl R. Lewis, President and CEO of FLIR Systems, Inc. “Our BRITE Star(R) II system, developed over the past several years, represents our most sophisticated product offering to date and we look forward to providing these advanced systems to Bell and the Army and other customers over the next several years,” he concluded.
Forward-Looking Statements
The statements in this release, including the statements of Earl R. Lewis, 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 under the order referenced in this release, changes in demand for the Company’s products, product mix, the timing of customer orders and deliveries under the agreement discussed above, the impact of competitive products and pricing, the Company’s continuing compliance with US export control laws and regulations, the timely receipt of export licenses for international shipments, 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 continuing eligibility of the Company to act as a federal contractor, the amount and availability of appropriated government procurement funds 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.
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