FLIR Systems Receives $25.4 Million IDIQ Contract From the Naval Surface Warfare Center

* Reuters is not responsible for the content in this press release.

Thu Jun 19, 2008 4:22pm EDT

  PORTLAND, OR, Jun 19 (MARKET WIRE) -- 
FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has been
awarded a $25.4 million firm-fixed price, indefinite delivery, indefinite
quantity contract from the Naval Surface Warfare Center (NSWC), Crane
Division, Crane, Indiana, for its Special Operations Visual Augmentation
Systems (SOVAS) Hand-held Imager-Medium Range (HHI-MR) systems. The units
delivered under this contract are medium range thermal binoculars and
will support ongoing Special Operation Force missions for surveillance
and reconnaissance. Work will be performed at FLIR's North Billerica, MA
facility.

    "This contract, which represents FLIR's largest contract award to date for
uncooled military systems, demonstrates FLIR's ability to deliver large
volume, high-performance uncooled military products. We are pleased that
NSWC Crane has chosen FLIR products for this critically important mission,
and we welcome the opportunity to expand our support to US SOCOM," said
Earl R. Lewis, President and CEO of FLIR.

    Forward-Looking Statements

    The statements in this release by Earl R. Lewis and the other statements
in this release about 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 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 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, 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, or for
changes made to this document by wire services or Internet service
providers.

    About FLIR Systems

    FLIR Systems, Inc. is a world leader in the design, manufacture and
marketing of thermal imaging and stabilized camera systems for a wide
variety of thermography and imaging applications including condition
monitoring, research and development, manufacturing process control,
airborne observation and broadcast, search and rescue, drug interdiction,
surveillance and reconnaissance, navigation safety, border and maritime
patrol, environmental monitoring and ground-based security. Visit the
Company's web site at www.FLIR.com.

    

Company contact:
Tony Trunzo
FLIR Systems, Inc.
(503) 498-3547
www.flir.com

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