FLIR Systems Announces New Contract from the Royal Australian Air Force; Contract for Delivery of Star SAFIRE Systems Valued at $7.0 Million.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--April 8, 2004 FLIR Systems | company_name = FLIR Systems | company_type = Public (NASDAQ: FLIR) | foundation = 1978 | location = Wilsonville, Oregon, United States | key_people = Earl R. Lewis }} FLIR Systems , Inc. (Nasdaq:FLIR FLIR Forward-Looking Infrared (Radar) FLIR Forward Looking Infrared Radiometer FLIR Forward Looking Infrared Radar FLIR Forward Looking Infra Red ) announced today that it has been awarded a firm fixed-price contract valued at $7.0 million for the delivery of its Star SAFIRE SAFIRE Southern Alliance for Indigenous Resources (Zimbabwe) SAFIRE Spectroscopy of the Atmosphere Using Far-Infrared Emission SAFIRE Submillimeter and Far-Infrared Experiment SAFIRE Surface-to-Air Fire (TM) III thermal imaging systems to the Royal Australian Air Force The Royal Australian Air Force (RAAF) is the Air Force branch of the Australian Defence Force. The RAAF began in March 1914 as the Australian Flying Corps and became a fully independent Air Force in March 1921. for use on its AP-3C Maritime Patrol Maritime patrol is the task of monitoring areas of water. Generally conducted by military and law enforcement agencies, maritime patrol is usually aimed at identifying human activities. Operations aircraft. Deliveries will begin immediately, and are expected to be completed by early 2005. "This is an important order that confirms FLIR's world-leading position in maritime airborne surveillance infrared technology. We are delighted to continue our relationship with the RAAF RAAF Royal Australian Air Force RAAF n abbr (Mil) (= Royal Australian Air Force) → australische Luftwaffe f , whose demanding mission requirements have enabled us to further develop our capabilities on the AP-3C platform," commented FLIR CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Earl Lewis Earl Lewis is Provost and Executive Vice President for Academic Affairs and the Asa Griggs Candler Professor of History and African American Studies at Emory University. He is the university's first African American provost and the highest ranking African American administrator in . Forward-Looking Statements The statements in this release regarding FLIR's expectation of the value of the RAAF delivery contract and the time period within which these Star SAFIRE III systems will be delivered are forward-looking statements. Such statements are based on current expectations, estimates and projections about the 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 of FLIR to manufacture and deliver its Star SAFIRE III units in a timely manner and consistent with contract requirements, changes in demand for FLIR's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, FLIR's continuing compliance with US export control laws and regulations, constraints on supplies of critical components, excess or shortage of production capacity, actual purchases under agreements, the continuing eligibility of FLIR 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. 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. 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 thermography (thûr'mŏg`rəfē), contact photocopying process that produces a direct positive image and in which infrared rays are used to expose the copy paper. 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. |
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