OSI Systems Awarded $28 M Three-year Service Contract for Security Inspection Systems

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.”

Source: OSI Systems, Inc.
Date: May 8, 2019