HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of
specialized electronic products for critical applications in the
Security and Healthcare industries, today announced that its Security
division, Rapiscan Systems, has been awarded an approximately $98
million order from the U.S. Army for a range of surveillance and
screening equipment for Entry Control Point Non-Intrusive Inspection
requirements. Rapiscan will serve as the prime contractor and a hardware
systems integrator to help fulfill the U.S. Army's global security
needs. The delivery order stems from a three-year, multi-award,
Indefinite Delivery, Indefinite Quantity (IDIQ) contract valued at $248
million for all delivery orders awarded to Rapiscan and six other
companies earlier this year by the U.S. Army.
OSI Systems Chairman and CEO, Deepak Chopra, stated: "We are proud to
receive this award and look forward to implementing critical solutions
that address the U.S. Army's global force protection requirements. As a
valued partner, we expanded our role from a screening equipment provider
and now serve as a prime contractor and systems integrator to the U.S.
Army for implementing Entry Control Points in the field."
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications in the homeland security, healthcare, defense and aerospace
industries. We combine more than 30 years of electronics engineering and
manufacturing experience with offices and production facilities in more
than a dozen countries to implement a strategy of expansion into
selective end-product markets. For more information on OSI Systems Inc.
or any of its subsidiary companies, visit www.osi-systems.com.
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This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements include information regarding the company's expectations,
goals or intentions about the future, including the Company's contracts
to provide solutions to the Security industry. The actual results
may differ materially from those described in or implied by any
forward-looking statement.
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business
Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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