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FLIR Systems (FLIR) Receives Contract To Support Brazilian Government

 December 31, 2012 09:37 AM
 


(By Balaseshan) FLIR Systems Inc. (NASDAQ: FLIR), a manufacturer of thermal imaging systems, said it has received a contract worth $12.5 million to support the Brazilian government.

The company has been awarded a contract from Brazil's Special Secretariat for the Security of Major Events (SESGE) for StarSAFIRE 380 HD and StarSAFIRE 230 HD Systems.

These StarSAFIRE advanced imaging systems will primarily be used to support the security plan for the 2014 World Cup and 2016 Olympics sporting events.

The security plan was developed by the SESGE, a commission set up by the Brazilian federal government under the Ministry of Justice, which includes a mission to provide state-of-the-art airborne surveillance.

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"This contract illustrates that our long term strategy in international military and security markets is succeeding. Latin America has been an area of investment for our Government Systems business, and we are delighted to provide the Brazilian government with these highly effective surveillance systems," said Earl Lewis, President and CEO of FLIR.

The company's advanced sensors and integrated sensor systems enable the gathering and analysis of information through a variety of applications in commercial, industrial, and government markets worldwide. Its business is organized into two divisions: Commercial Systems and Government Systems.

FLIR is trading down 0.63% at $21.95 on Monday. The stock has been trading between $17.99 and $27.06 for the past 52 weeks.

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