Boeing-Leonardo Team Selects FLIR Systems EO/IR Surveillance Sensors for US Strategic Command UH-1N Replacement Contract

FLIR Star SAFIRE 380-HDc to Provide U.S. Strategic Command Surveillance Capabilities on Boeing Helicopters 

WILSONVILLE, Ore.-Thursday 20 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- FLIR Systems, Inc. (NASDAQ: FLIR) announced today it has been selected by Boeing to provide the FLIR Star SAFIRE 380-HDc EO/IR surveillance sensor for the United States Air Force (USAF) UH-1N replacement contract. The replacement program will replace the current fleet of USAF UH-1N helicopters, which support the service’s nuclear intercontinental ballistic missile bases in Wyoming, Montana and North Dakota. The aircraft will also be used for training, test and operational support airlift missions. The initial contract award to FLIR is for the first four helicopters, with the total contract up to 84 MH-139 helicopters and valued at more than $40 million to FLIR.

Boeing was awarded a $375.5 million firm-fixed-price contract for the non-developmental item integration of the four aircrafts to replace the UH-1N. This was a basic award of a contract (including options) valued at approximately $2.38 billion, which will provide for the acquisition and sustainment of up to 84 MH-139 helicopters, training devices, and associated support equipment. If all options are exercised, the work is expected to be completed by September 2031.

FLIR has provided the surveillance component for the current UH-1N helicopters in use by the U.S. Strategic Command since the mid-1990’s. FLIR has been part of EO/IR surveillance system upgrades on these aircraft and recently contracted to upgrade a set of aircrafts to the FLIR Star SAFIRE 380-HDc prior to fielding the new aircraft.

“We are honored to be selected by Boeing as part of this vital national security mission,” said Jim Cannon, President and CEO at FLIR. “Our airborne imaging solutions will ensure enhanced surveillance and threat detection for the U.S. Strategic Command Mission, helping to keep our airmen and citizens safe.”

The sensors will be manufactured by the FLIR Government and Defense Business Unit in the company’s Wilsonville, Oregon facility. The helicopters, derived from the Leonardo commercial AW139, will be assembled at Leonardo’s Philadelphia plant. Boeing will integrate military components at its facility in Philadelphia. To learn more about the FLIR Star SAFIRE 380-HDc, visit: FLIR.com/airborne.

About FLIR Systems

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

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may contain words such as “anticipates,” “estimates,” “expects,” “intends,” and “believes” and similar words and expressions and include the assumptions that underlie such statements. Such statements are based on current expectations, estimates, and projections based, in part, on potentially inaccurate 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. 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.

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Contacts

Media Contact

Tim McDowd

503-498-3146

tim.mcdowd@flir.com

Investor Relations         

Jay Gentzkow

503-498-3809

shane.harrison@flir.com

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