OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has been awarded a contract from U.S.-based prime contractor, Huntington Ingalls Industries (NYSE: HII), to provide service maintenance, training, sustaining engineering and logistic support for multiple platforms of Rapiscan® baggage, parcel and cargo inspection systems. The multi-year contract is valued at approximately $28 million.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are excited to receive this service award and look forward to supporting the end user customer’s mission of providing safety and security for critical infrastructure.”
Key data points: The growth forecast = 5.9% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in automatic number plate recognition system market to 2031 by type (stationary and portable), application (traffic management, parking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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London, United Kingdom
May 5 - 7, 2026
