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HAWTHORNE, CA--- OSI Systems Awarded $4.4 Million Order for TSA’s Advanced Technology Program |
| 5/6/2008 @ 9:15 AM
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OSI Systems, Inc. (Nasdaq:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the security and healthcare industries, announced today that its Security division, Rapiscan Systems, has been awarded a follow on order for $4.4 million from the United States Transportation Security Administration (TSA) for its 620DV Advanced Technology X-ray systems. The order was placed under the company’s previously announced Indefinite Delivery Indefinite Quantity (IDIQ) Contract with the TSA that included follow on options of up to $97 million.
The order will be used to fulfill the deployment of Advanced Technology (AT) Passenger Carry-On Bag Screening Systems at select U.S. airport locations.
Rapiscan Systems President Ajay Mehra stated, “We are committed to supporting the TSA’s efforts to deploy advanced technology systems at hundreds of airport checkpoints by year’s end. Under the terms of the program we will provide production, field service and program management support to the U.S. government.”
About OSI Systems, Inc.
OSI Systems, Inc. and its subsidiaries is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has more than 30 years of experience in electronics engineering and manufacturing and maintains offices and production facilities located in more than a dozen countries. OSI Systems implements a strategy of expansion by leveraging its electronics and contract manufacturing capabilities into selective end product markets through organic growth and acquisitions. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier of high quality security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and diffraction analysis. The company’s products are sold into four market segments: Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening, and People Screening. The company has an installed base globally of more than 50,000 security and inspection systems. The Rapiscan Systems product line is manufactured at four locations and supported by a global support service network. For more information on Rapiscan Systems, please visit www.rapiscansystems.com. |
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| Wednesday, May 14, 2008 |
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| Tuesday, May 13, 2008 |
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ROSELAND, NJ--- Curtiss-Wright Awarded $8 Million Contract Posted 3:37 PM PST
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| Monday, May 12, 2008 |
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| Wednesday, May 7, 2008 |
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| Tuesday, May 6, 2008 |
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HAWTHORNE, CA--- OSI Systems Awarded $4.4 Million Order for TSA’s Advanced Technology Program Posted 9:15 AM PST
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| Monday, May 5, 2008 |
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WARRENVILLE, IL--- U.S. Army Awards Navistar Defense Multi-Year Truck Contract for Rebuilding, Security Efforts in Afghanistan and Iraq Posted 4:17 PM PST
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