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OSI Systems Awarded $200 Million IDIQ Contract From Customs and Border Protection for Relocatable Vehicle Inspection Systems
OSI Systems Awarded $200 Million IDIQ Contract From Customs and Border Protection for Relocatable Vehicle Inspection
About this update from Osi Systems, Inc.
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a five-year indefinite-delivery, indefinite-quantity (IDIQ) contract with a ceiling of approximately $200 million from U.S. Customs and Border Protection (CBP) to provide its relocatable Rapiscan® passenger vehicle inspection systems. An initial task order under the contract covers the first systems along with associated service and training. OSI Systems’ President and CEO, Ajay Mehra, commented, “This award allows for our continuing support to CBP by providing one of our most advanced vehicle screening systems. Rapiscan’s relocatable inspection system provides operators the flexibility to shift resources as their requirements evolve, and we are proud to support CBP in strengthening our nation’s borders and the protection of our critical infrastructure.” About OSI Systems OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G Forward-Looking Statements This 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 statement...