Press release

FLIR Systems Awarded $48.1M from U.S. Department of Defense for the Sensor Suite Upgrade for the Nuclear, Biological and Chemical Reconnaissance Vehicle

Sponsored by Businesswire

FLIR Systems, Inc. (NASDAQ: FLIR) announced today it has received an
award from the United States (U.S.) Department of Defense (DOD) Joint
Program Executive Office for Chemical, Biological, Radiological and
Nuclear Defense (JPEO-CBRND) in support of the Nuclear Biological
Chemical Reconnaissance Vehicle Sensor Suite Upgrade (NBCRV SSU) program
for the U.S. Army. The Other Transaction Authority Agreement (OTA) is
valued at $48.1 million, with execution extending through mid-2022.

FLIR will be the lead integrator in the modernization of the U.S. Army’s
NBCRV system. Under the agreement, FLIR will develop a platform agnostic
modular mission payload, which integrates multiple chemical, biological
and radiological sensors into a flexible command and control (C2)
system. This C2 system will allow for data integration from the various
sensors that will enable automation of certain tasks, reducing
warfighter burden. The C2 system and the automation will allow for
collaboration between manned Stryker vehicles, unmanned ground vehicles
(UGVs), and sensor integrated drone platforms.

“We are proud to be chosen by the U.S. Army as the lead developer and
integrator for this key ground combat capability,” said Jim Cannon,
President and CEO of FLIR. “This contract represents a significant
example of our evolution from sensors to intelligent sensing to
solutions that save lives and livelihoods. We will provide a wide
selection of capabilities in this manned and unmanned platform
application to help customers achieve successful mission outcomes.”

Work under the program has begun and is being performed at FLIR
facilities in Stillwater, Oklahoma and Elkridge, Maryland. For more
information about FLIR’s chemical, biological, radiological, nuclear,
and explosive detection equipment, visit

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
and follow

Forward Looking Statements

The statements in this release by Jim Cannon 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