(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.
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
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.