OSI Systems Awarded Approximately $98 Million Order from U.S. Army for Entry Control Points
20 September 2011 - 3:00AM
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.
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