WILSONVILLE, Ore.-Wednesday 17 October 2018 [ AETOS Wire ]
(BUSINESS
WIRE) -- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has
been awarded a contract from the United States (U.S.) Department of
Homeland Security (DHS) in support of the U.S. Coast Guard’s (USCG)
Second Generation Automatic Identification System (AIS-2) program. The
indefinite delivery indefinite quantity (IDIQ) contract has a ceiling
value of $9.9 million to provide second generation Automatic
Identification System (AIS) transponders, associated peripherals, and
spare parts for nearly 1,774 boats and 282 cutters in the USCG’s active
fleet.
The
government anticipates the purchase of vessel class-specific kits and
spare parts to equip all USCG vessels with AIS-2 over the next five
years.
“We
are pleased to provide AIS hardware and software technology to support
the US Coast Guard’s mission,” said Jim Cannon, President and CEO at
FLIR. “Our technology will provide enhanced levels of secure
communication and coordination between Coast Guard boats, cutters, and
shore stations. This award further extends our technology partnership
with the Coast Guard, providing next-generation communication
capabilities to complement their Raymarine SINS-2 navigation systems.”
The contract will be managed and executed by the FLIR Commercial Business Unit in the Nashua, New Hampshire facility.
About FLIR Systems, Inc.
Founded
in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a
world-leading maker of sensor systems that enhance perception and
heighten awareness, helping to save lives, improve productivity, and
protect the environment. Through its nearly 3,500 employees, FLIR's
vision is to be "The World's Sixth Sense" by leveraging thermal imaging
and adjacent technologies to provide innovative, intelligent solutions
for security and surveillance, environmental and condition monitoring,
outdoor recreation, machine vision, navigation, and advanced threat
detection. For more information, please visit www.flir.com and follow
@flir.
Forward-Looking Statements
The
statements in this release by Jim Cannon and the other statements in
this release about the contract and order 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 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 to manufacture and deliver the systems referenced
in this release, changes in pricing of FLIR's products, changing demand
for FLIR's products, product mix, the impact of competitive products
and pricing, constraints on supplies of critical components, excess or
shortage of production capacity, the ability of FLIR to manufacture and
ship products in a timely manner, FLIR's continuing compliance with U.S.
export control laws and regulations, and other risks discussed from
time to time in FLIR'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 FLIR 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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181016005272/en/
Contacts
FLIR Systems, Inc.
Media Contact:
Tim McDowd, +1-503-498-3146
tim.mcdowd@flir.com
or
Investor Relations:
Jay Gentzkow, +1-503-498-3809
jay.gentzkow@flir.com
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