FLIR Receives Orders from US Military Worth More than $70M for Centaur Unmanned Ground Vehicles
US Army, Navy, Air Force, and Marines Order Nearly 600 Additional Robots;
Latest Contract Award Raises MTRS Inc. II Ceiling Value to $190M
FLIR Systems, Inc. (NASDAQ:FLIR) announced that it has received more than $70 million in new orders for its advanced ground robots from the U.S. Armed Services. The U.S. Army, Navy, Air Force, and Marine Corps placed orders for nearly 600 FLIR Centaur® robots, including additional spares, antennas, and payload mounting kits. As a result, the U.S. Army awarded FLIR a $31.6 million contract increase for its Man Transportable Robot System Increment II (MTRS Inc. II) program. The new award raises the ceiling value of the original MTRS Inc. II contract from roughly $158 million to $190 million.
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The FLIR Centaur® is a medium-sized ground robot that provides a standoff capability to detect, confirm, identify, and dispose of hazards. Weighing roughly 160 pounds (73 kg), the IOP-compliant robot features an advanced EO/IR camera suite, a manipulator arm that reaches over six feet, and the ability to climb stairs. Modular payloads can be used for CBRN detection and other missions.(Photo: Business Wire)
Explosive Ordnance Disposal (EOD) teams use the FLIR Centaur unmanned ground system to assist in disarming landmines, unexploded ordnance, improvised explosive devices, and similar dangerous tasks. Operators can quickly attach different sensors and payloads to the robot to address other missions, including chemical, biological, radiological and nuclear (CBRN) threats.
In 2017, the Army chose Centaur as its MTRS Inc. II solution for a multi-year program of record. Since then, other U.S. military branches have opted to deploy Centaur to their EOD units as a new or replacement ground robot system. Since early last year, FLIR has announced orders totaling more than $170 million for over 1,300 Centaurs from the Army, Navy, Air Force, and Marine Corp.
"The strong demand for this multi-purpose robot shows how well unmanned technology can support EOD teams across our military, enabling them to do their job more safely and effectively," said Tom Frost, VP in the Unmanned and Integrated Solutions business at FLIR. "We take enormous pride knowing Soldiers, Sailors, Airmen, and Marines rely on the Centaur UGV to perform hazardous missions around the world every day.
"Given the platform's versatility and commonality across U.S. defense forces, we see a future where our close allies can leverage this same technology to enable combined operations," Frost added.
FLIR Centaur is a medium-sized UGV that provides a standoff capability to detect, confirm, identify, and dispose of hazards. Weighing roughly 160 pounds, the IOP-compliant robot features an advanced EO/IR camera suite, a manipulator arm that reaches over six feet, and the ability to climb stairs. Modular payloads can be used for CBRN detection and other missions.
Deliveries are expected to begin in the third quarter of 2021. For more on FLIR Systems' Unmanned Ground Systems platforms, visit www.flir.com/UIS/UGS.
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 Tom Frost 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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