Posted in | Imaging | Semiconductors

FLIR Systems Announces Exercise of Option Under $13.5 Million Contract by RAAF

FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received notification from the Royal Australian Air Force (RAAF) of its intent to exercise a contract modification option under a prior $13.5 million contract. Under the terms of the contract modification, FLIR will supply Star SAFIRE® HD imaging systems to be fitted on AP-3C maritime patrol aircraft for surveillance and search and rescue missions. The original contract was signed during the third quarter.

The Star SAFIRE® HD is the only electro-optic infrared system in its class to provide full digital high-definition video from all its imaging sensors -- with output video that meets U.S. Department of Defense and NATO specifications for HD acquisition. The Star SAFIRE® HDs will replace existing Star SAFIRE® III systems to enable the RAAF's transition to HD technology for their operational needs.

Work will be performed in FLIR's facilities in Wilsonville, Oregon. Deliveries are expected to begin in the 1st quarter of 2009 and be completed within 12 months.

"This contract award represents a milestone in FLIR Systems' continuing relationship with the Royal Australian Air Force," said Earl Lewis, CEO of FLIR Systems, Inc. "We are pleased that the RAAF has chosen to procure the Star SAFIRE® HD for its AP-3C aircraft imager needs. This system will provide the Royal Australian Air Force with unparalleled vision in its long-range surveillance and maritime patrol missions."

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