FLIR Systems, Inc. announced that it has received an order to support the U.S. Coast Guard valued at $23 million. The order is for the Coast Guard's Electro-Optical Sensor System (ESS) configuration of FLIR's commercially developed military qualified Talon 9-inch stabilized multi-sensor gimbal system. The ESS systems will be deployed on the Coast Guard's H-60 and H-65 helicopters. Work under this order is expected to be performed out of FLIR's facility in Billerica, MA, with shipments expected to be completed by the end of the year.

FLIR Systems, Inc. announced that it has been awarded a two year blanket purchase agreement from the U.S. Army to support the MEDEVAC program. The blanket purchase agreement is valued at $81 million and is for the Army MEDEVAC Mission Sensor (MMS) configuration of FLIR's commercially developed military qualified Talon product, a stabilized 9-inch multi-sensor gimbal system. The Talon MMS will be installed on the Army's fielded and new MEDEVAC Blackhawk helicopters. An initial delivery order of $19 million was received. Work under this award is expected to be performed out of FLIR's facility in Billerica, MA, with shipments under the initial delivery order expected to be completed by 2014.

FLIR Systems, Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $348.6 million compared to $348.5 million a year ago. Operating income was $69.1 million compared to $68.3 million in the first quarter of 2012. Net income was $51.6 million or $0.35 per diluted share compared with net income of $48.1 million or $0.31 per diluted share in the first quarter a year ago. Earnings from continuing operations before income taxes were $67.188 million against $66.883 million a year ago. Earnings from continuing operations were $51.636 million or $0.35 per diluted share against $48.825 million or $0.31 per basic and diluted share a year ago. Cash provided by operating activities was $61.959 million against $48.995 million a year ago. Additions to property and equipment, net were $12.648 million against $12.935 million a year ago. The company's board of directors has declared a quarterly cash dividend of $0.09 per share on the company's common stock, payable on June 7, 2013, to shareholders of record as of close of business on May 20, 2013. Earl Lewis has announced his intention to retire as President and Chief Executive Officer of the company effective May 19, 2013. He will assume a senior advisor role to the company to aid in the transition and will remain Chairman of the Board of Directors of FLIR. Mr. Andrew C. Teich, currently President of the company's Commercial Systems division, will assume the positions of President and Chief Executive Officer of FLIR upon Mr. Lewis's retirement. Teich has been president of the Commercial Systems division since January 2010. He joined Flir in 1999. The company reaffirmed its outlook for revenue and earnings per share for the full year 2013. The company expects revenue for 2013 to be in the range of $1.5 billion to $1.6 billion and net earnings to be in the range of $1.56 to $1.66 per diluted share. For the full year, the company continues to expect the tax rate of approximately 25%, excluding the first quarter R&D credit.