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OSI Systems Receives $36 Million Contract for Aviation Security Systems
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received a
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[{"type":"text","content":" HAWTHORNE, Calif.--(BUSINESS WIRE)--\nOSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received a contract award for approximately $36 million to deploy and service airport screening solutions for a prominent international airport in the Middle East. Among the systems to be delivered are the Orion® 920CT (Computed Tomography) checkpoint screening system integrated with Rapiscan® TRS™ (Tray Return System) for inspecting carry-on items, Orion 935DX for screening air cargo and pallets, and Itemiser® 5X for detecting trace amounts of explosives and narcotics. The Company is also expected to provide ongoing maintenance and support throughout the product lifecycle.\n\nOSI Systems’ President and CEO, Ajay Mehra, commented, “We are honored to receive this award and look forward to kicking things off. Our innovative security technologies enable airports to modernize their operations and meet stringent global security standards, while improving efficiency and enhancing passenger safety.”\n\nAbout OSI Systems\n\nOSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-...