OSI Geospatial Teams with Raytheon to Pursue Soldier Modernization(Ottawa, Ontario, May 14, 2009) -- OSI Geospatial Inc. (TSX:OSI) ("OSI") announced today that its U.S. Systems Operations has signed a teaming agreement with the Raytheon Company (NYSE:RTN) ("Raytheon") to develop and pursue the soldier modernization market. Under the terms of this agreement, OSI will be providing advanced technology and expertise from its Dismounted Close Combat, Command and Control System (DC4STM) range of products.
Since signing this agreement, Raytheon has been selected as one of three companies that will each develop prototype systems as part of the first phase of the U.S. Army Ground Soldier Ensemble Program, which promises to be the largest Soldier Modernization Program undertaken to date.
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"We are pleased to be working closely with Raytheon in the development of this significant market opportunity. We are confident that Raytheon is well positioned to be a major presence in this market," said Ken Kirkpatrick, president and CEO of OSI. "This partnership is a valuable endorsement of our technology and expertise."
Source : OSI Geospatial Inc.