VA-FLIR-SYSTEMS

FLIR Systems, Inc. (NASDAQ: FLIR) announced it has won an additional $15.4 million contract to deliver its FLIR Black Hornet® 3 Personal Reconnaissance Systems (PRS) to the U.S. Army. The advanced nano-unmanned aerial vehicles (UAVs) are being used to augment squad and small unit-level surveillance and reconnaissance capabilities as part of the Army’s Soldier Borne Sensor (SBS) program.

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In late 2018, the U.S. Army began acquiring Black Hornet 3’s to support the SBS effort. Since then, it has placed orders totaling more than $85 million for the FLIR nano-UAV.

Extremely light and well suited for operations in contested environments, 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.

“Unmanned systems like our Black Hornet provide enhanced standoff and safety to troops in harm’s way, which is critical as militaries intensify their plans for multi-domain operations,” said Roger Wells, VP and general manager of Unmanned Systems & Integrated Solutions at FLIR. “We’re honored the Black Hornet plays an integral part in the Army’s Soldier Borne Sensor program. Every new order is a testament to the difference this technology can make on the battlefield and renews our commitment to advancing the science.”

The award-winning Black Hornet is designed and built by FLIR in Norway. Deliveries will begin midyear 2021. 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 technology company focused on intelligent sensing solutions for defense and industrial applications. Our vision is to be “The World’s Sixth Sense,” creating and advancing technologies to help professionals make better, faster 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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