Flir Systems gets $19.8 million Navy pact

OCTOBER 15--Flir Systems Inc. (Portland, OR; www.flir.com) received a $19.8 million pact to supply the US Navy Naval Surface Warfare Center, Crane Division, with enhanced targeting sights.

Oct 15th, 2003

OCTOBER 15--Flir Systems Inc. (Portland, OR; www.flir.com) received a $19.8 million pact to supply the US Navy Naval Surface Warfare Center, Crane Division, with enhanced targeting sights. The delivery is expected start in early 2004 and be completed by July 2005.

The maker of thermal-imaging and stabilized camera systems said the sights, based on its MilCAM See Spot III thermal imaging camera, will be used with the special operations forces laser marker. The MilCAM See Spot III produces high-resolution thermal images for night vision and simultaneously detects the repetitive laser pulses of a precision munitions guidance laser designating a target. The work will be performed at Flir's facility in North Billerica, MA.

Separately, Flir said it will release third-quarter results on Wednesday, Oct. 22. For the full year of 2003, Flir expects to earn $1.20 to $1.25 a share on revenue of about $300 million to $305 million. Wall Street expects the company to earn $1.21 a share, according to Thomson First Call. In 2002, Flir earned $2.33 a share on revenue of $261.1 million.

More in Home