FLIR Systems Gets Orders - Analyst Blog

FLIR Systems, Inc. (FLIR) announced that it has received $6.7 million of Foreign Military Sale (FMS) orders for delivery to Middle East/North African nations. The orders support Critical National Infrastructure Agency and Counter Terror missions and include FLIR's Star SAFIRE III and Ultra Series infrared multi-sensor surveillance systems.

With over 1,100 systems on aircraft, vessels and fixed towers in the region, FLIR continues to be the system of choice by military allies in the Middle East and North Africa. FLIR is a preferred vender for FMS programs due to its unique Commercially Developed Military Qualified (CDMQ) model. The CDMQ model provides a comprehensive array of EO/IR products that are customizable to every mission, but also allow for rapid deployment on hundreds of platforms for Airborne, Maritime, and Land applications.

FLIR Systems designs, manufactures, and markets thermal imaging and infrared camera systems in the United States and internationally. It operates in three divisions: Thermography, Commercial Vision Systems, and Government Systems.

The Thermography division manufactures hand-held thermal imaging systems that detect and measure minute temperature differences, which are used in various industrial and commercial applications, including high-end predictive and preventative maintenance, research and development, test and measurement, leak detection, scientific analysis, manufacturing process control, and building inspection. It serves research and development facilities, universities, industrial companies, utility companies, building inspectors, electrical contractors, thermography consultants, damage restoration contractors, and various commercial enterprises.

The Commercial Vision Systems division provides infrared detectors, camera cores, readout integrated circuits, and other sub-components to original equipment manufacturers in automotive night vision, recreational marine, firefighting, airborne law enforcement, and commercial security markets. It also serves automotive suppliers, aircraft manufacturers and dealers, marine electronics dealers, integrators of security systems, and news gathering agencies.

The Government Systems division offers hand-held and fixed mounted products for force protection, counter terrorism, search and rescue, perimeter security, navigation safety, law enforcement, narcotics detection, maritime and border patrol, and anti-piracy applications. It serves domestic and foreign government agencies, including military, paramilitary, and police forces.

The company’s major competitors include L-3 Communication Holdings Inc. (LLL) and Lockheed Martin Corp. (LMT).

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