| FLIR
Systems Announces $7.2 Million Order From Northrop
Grumman
PORTLAND, Ore.--(BUSINESS WIRE)--March 30, 2004--FLIR
Systems, Inc. (Nasdaq:FLIR) announced today it has
received an order for its ThermoVision(R) Sentry(TM)
infrared camera systems from Northrop Grumman Corporation
(NYSE:NOC) valued at approximately $7.2 million. Most
of the systems will be used for perimeter security
around US airbases worldwide under the US Air Force
Tactical Automated Security System (TASS) program,
for which Northrop Grumman is the prime contractor.
FLIR's ThermoVision(R) Sentry(TM) is an uncooled, dual
field of view infrared camera system with a built in
high accuracy pan/tilt mechanism that is designed specifically
for perimeter security and surveillance applications
in critical environments. Deliveries will begin immediately.
"This order, which is a follow on to a similar
sized order received in December of last year, is an
important step in our continuing participation in the
TASS program, and in our relationship with Northrop
Grumman," said Earl Lewis, FLIR's Chairman and
CEO. "We are particularly pleased that our ThermoVision
Sentry product is deployed in missions that help provide
for the security of US assets and personnel worldwide."
About FLIR Systems
FLIR Systems designs, manufactures and markets infrared
imaging systems worldwide for a variety of applications.
FLIR's imaging products are used in such diverse applications
as public safety, defense, navigation, electronic newsgathering
and search and rescue. Thermography products support
such applications as condition monitoring, non-destructive
testing, medical science, research and development,
and manufacturing process control. For more information,
please visit FLIR's Web site at www.FLIR.com
Forward-Looking Statements
This release contains forward-looking statements,
including the Company's expectations for deliveries
under this purchase contract. These 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 availability
of funding and actual deliveries under the contract,
the continuing ability to penetrate new market applications
with the Imaging Division products, the federal funding
levels of the Defense Department generally, the availability
and timing of federal appropriated funds for procurement
of thermal imaging systems, the Company's continuing
eligibility to contract with the Federal Government,
the Company's continued compliance with US export control
laws, additional competition, the Company's ability
to win larger delivery contracts, the impact of competitive
products and pricing, constraints on supplies of critical
components, excess or shortage of production capacity,
actual purchases under purchase agreements and other
risks discussed from time to time in the Company's
Securities and Exchange Commission filings and reports,
including the Company's Annual Report on Form 10-K
for the year ended December 31, 2003. 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.
For More Information:
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Tony Trunzo
FLIR Systems, Inc.
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503-684-3731
Visit the FLIR
Systems web site.
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