FLIR Systems, Inc. (NASDAQ:FLIR) announced that it has been awarded a contract from the Naval Air Warfare Center Aircraft Division valued at up to $52.1 million for its Star SAFIREŽ HD family of digital, high-definition, full-spectrum imaging systems. Under the terms of the three year, firm fixed price contract, the Navy has placed an initial order for $25.6 million of Star SAFIREŽ 380-HD systems and related support, and has the option to procure an additional $26.5 million of Star SAFIREŽ 380-HD and Star SAFIREŽ HD systems over the next three years. The systems are expected to be deployed on aerostats as part of the Navy's Persistent Ground Surveillance System (PGSS) program.
FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems.
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(FLIR, OPNT, CMTL, CLNO) Stock in Focus by CRWEWallStreet.com
September 7th, 2011 at 03:06 pm