FLIR Systems, Inc.
) announced that it received a contract from the U.S. Naval
Surface Warfare Center, Crane Division, to support its Patrol
boats with Electro-Optics Systems program.
The indefinite delivery and indefinite quantity contract is
valued at $49.9 million and includes providing the Electro-Optics
Systems to both the U.S. Coast Guard and U.S. Navy boats. FLIR
intends to execute the work under this contract from its
Billerica, MA facility and expects to complete the work by Sep
The scope of the contract requires FLIR to provide a variant
of its newly introduced SeaFLIR 280-HD maritime
electro-optical/infrared imaging system. This advanced and state
of the art imaging systems provide critical capability to improve
navigation, intelligence, surveillance and reconnaissance.
The SeaFLIR 280-HD prototype is the world's first all-high
definition, multi-sensor, long range compact maritime
surveillance and naval gunfire control system, which is expected
to become the benchmark for optronics on Special Forces and naval
This imaging system is primarily designed for naval forces who
demand range and high definition (HD) imagery performance which
are also compact. Therefore, the SeaFLIR 280-HD is the world's
first compact, maritime high definition electro optic/infrared
(EO/IR) imaging sensor.
The SeaFLIR 280-HD has up to four individual HD, infrared (IR)
day and low light cameras, and a Short-Wave Infrared (SWIR)
spotter scope option. This ultra modern system allows the
patrolling boats to detect small boat threats at ranges greater
than 16km for 24 hours. Further, with the help of the SWIR
technology, the users can more easily penetrate sea mist, smog,
smoke and haze.
The U.S. military is one of the primary customers for
FLIR's Government Systems division. This division offers
high performance products including products used for
surveillance, force protection, search and rescue, special
operations and target designation. In the latest reported
quarter, this division reported revenues of $167.5 million,
rising 13% year over year. The increase was mainly due to
impressive deliveries to the U.S. Customs and Border Protection,
under the MSC program.
FLIR currently holds a Zacks Rank #3 (Hold). Other companies
which look promising and are worth considering at the moment are
Energy Recovery Inc.
Sharps Compliance Corp
). All three carry a Zacks Rank #2 (Buy).
ENERGY RECOVERY (ERII): Free Stock Analysis
FLIR SYSTEMS (FLIR): Free Stock Analysis
RAYTHEON CO (RTN): Free Stock Analysis Report
SHARPS COMPLIAN (SMED): Free Stock Analysis
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