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FLIR Receives $23 Million Order for its Centaur Unmanned Ground Vehicles for U.S. Air Force

March 2, 2020 GMT
FLIR Receives $23 Million Order for its Centaur Unmanned Ground Vehicles for U.S. Air Force
FLIR Receives $23 Million Order for its Centaur Unmanned Ground Vehicles for U.S. Air Force

ARLINGTON, Va.--(BUSINESS WIRE)--Mar 2, 2020--

FLIR Systems, Inc. (NASDAQ: FLIR) announced that the United States (U.S.) Air Force has ordered more than 180 of the company’s Centaur™ unmanned ground vehicles (UGV), plus spares. The $23 million contract is sourced through the Dept. of Defense Man Transportable Robotic System Increment II (MTRS Inc II) program.

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U.S. Air Force teams will use the FLIR Centaur robot to help disarm improvised explosive devices, unexploded ordnance, and perform similar hazardous tasks. Multiple sensors and payloads can be added to the 160-lb. Centaur to support other missions. (Photo: Business Wire)

In 2017, the U.S. Army chose FLIR Systems’ legacy business, Endeavor Robotics, as its medium-sized robot provider for MTRS Inc II. The company created a newly designed UGV, Centaur, as its MTRS Inc II solution. FLIR has begun delivering Centaur units to the Army under that multi-year program of record, which upon award was valued at up to $158 million, including options.

Air Force Explosive Ordnance Disposal (EOD) teams will use the FLIR Centaur to assist in disarming improvised explosive devices (IEDs), unexploded ordnance, and similar hazardous tasks. Multiple sensors and payloads can be added to Centaur to support other missions.

“Centaur gives operators a highly versatile, man-transportable UGV that helps saves lives by keeping humans away from danger,” said David Ray, president of the Government and Defense Business Unit at FLIR. “We’re pleased the Air Force has chosen Centaur as its mid-sized robot solution and that the MTRS Inc II program can serve as an efficient procurement vehicle.”

Centaur is a remotely operated, medium-sized UGV system that provides a standoff capability to detect, confirm, identify, and dispose of hazards. Weighing roughly 160 pounds, the open-architected robot features an advanced EO/IR camera suite, a manipulator arm that reaches more than six feet, and the ability to climb stairs. Its modular payloads can be used for CBRNE detection and other missions.

Shipments are expected to begin in the second quarter of 2020. For more on FLIR Systems’ Unmanned Ground Systems platforms, visit www.flir.com/UIS/UGS.

About FLIR Systems, Inc.

Founded in 1978, FLIR Systems is a world-leading industrial technology company focused on intelligent sensing solutions for defense, industrial, and commercial applications. FLIR Systems’ vision is to be “The World’s Sixth Sense,” creating technologies to help professionals make more informed decisions that save lives and livelihoods. For more information, please visit www.flir.com and follow @flir.

Forward Looking Statements

The statements in this release by David Ray 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200302005145/en/

CONTACT: Media Contact:

Joe Ailinger

Phone: 978-769-9339; 781-801-6161

Email:joe.ailinger@flir.com

Investor Relations:

Lasse Glassen

Addo Investor Relations

Phone: 424-238-6249

Email:lglassen@addoir.com

KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: WHITE HOUSE/FEDERAL GOVERNMENT PUBLIC POLICY/GOVERNMENT DEFENSE TECHNOLOGY OTHER TECHNOLOGY HOMELAND SECURITY CONTRACTS

SOURCE: FLIR Systems, Inc.

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PUB: 03/02/2020 08:00 AM/DISC: 03/02/2020 08:01 AM

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