Back to top

Analyst Blog

FLIRSystems Inc. (FLIR - Analyst Report), a leader in design, manufacture and marketing of thermal imaging systems, recently received a $16 million order from an Asian government to supply thermal binoculars to support international counter-terrorism efforts.

As per the agreement, FLIR will supply Recon B2-FO integrated dual-channel thermal binoculars, the shipment of which is expected to be completed within a year.

The contract will be included in the Government Systems division of the company, which offers high-performance products for government customers and markets. FLIR will be using Commercially Derived - Military Qualified (CDMQ) model to design, manufacture and distribute these handheld imaging systems on a commercial basis. The systems have been particularly designed to have an optimum size, weight, power and global supportability.

The products from the Government System division are usually used in definite applications and normally include additional sensors, including visible light cameras, laser rangefinders, laser illuminators and laser designators. The handheld products are usually priced around $30,000.

FLIR has a long-standing business association with this undisclosed strategic US ally in Asia. The recent contract win is a follow-on-order by the customer.

FLIR’s advanced thermal imaging and threat detection systems are used in a variety of applications like airborne and ground-based surveillance, condition monitoring, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, and chemical, biological, radiological, nuclear and explosives (CBRNE) detection.

The company currently has a Zacks Rank #3 (Hold). Some other companies in the industry that are worth considering at the moment include Astronics Corporation (ATRO - Snapshot Report), HEICO Corporation (HEI - Snapshot Report) and Orbital Sciences Corp. (ORB - Snapshot Report), all having a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%