VA-FLIR-SYSTEMS

FLIR Systems, Inc. (NASDAQ: FLIR) announced it has won an additional $20.6 million contract from the U.S. Army to deliver its FLIR Black Hornet® 3 Personal Reconnaissance Systems (PRS). The advanced nano-unmanned aerial vehicles (UAVs) will support platoon- and small unit-level surveillance and reconnaissance capabilities as part of the Army’s Soldier Borne Sensor (SBS) program.

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In January 2019, the U.S. Army awarded FLIR an initial $39.7 million contract for Black Hornet 3’s to support the SBS program. The company is currently delivering those systems for fielding across the force.

Extremely light, nearly silent, and with a flight time up to 25 minutes, the combat-proven, pocket-sized Black Hornet PRS transmits live video and HD still images back to the operator. Its information feed provides soldiers with immediate covert situational awareness to help them perform missions more effectively. FLIR has delivered more than 12,000 Black Hornet nano-UAVs to defense and security forces worldwide.

“Black Hornet has proven to be a game-changing technology – a small package that can deliver a big edge on the battlefield,” said VP and General Manager of the Unmanned Systems & Integrated Solutions business line at FLIR, Roger Wells. “We’re proud to continue supporting the U.S. Army’s Soldier Borne Sensor program. Enabling warfighters with a full-range of integrated unmanned solutions, both in the air and on the ground, is a strategic objective FLIR shares with the military.”

The award-winning Black Hornet is designed and built by FLIR in Norway. Deliveries will begin in late 2020. To learn more about the FLIR Black Hornet PRS, visit flir.com/products/black-hornet-prs/

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 www.flir.com and follow @flir .

Forward Looking Statements

The statements in this release by Roger Wells 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 providers.

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