Aaralyn

A Billerica-based imaging technology company has won a $47.6 million contract with the U.S. Navy.

Flir Systems Inc. is expected to develop up to 700 handheld imagers for U.S. Special Operations forces, according to the U.S. Department of Defense. The contract, which was commissioned by the Naval Surface Warfare Center Crane, based in Crane, Ind., is scheduled to be completed by September 2012.

Flir specializes in thermal imaging and broadcast camera systems for surveillance, airborne broadcasting and search and rescue government operations. The company was founded in 1978 and is headquartered in Portland, Ore., with a Flir development site located in Billerica. In 2005, the company reported revenue of $508.6 million.

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