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INSIGHTS

OSI Systems Receives $7 Million Contract from US Army for Advanced People Screening

OSI Systems, a vertically-integrated provider of specialized electronics and services, announced that its Security division, Rapiscan Systems, has received a contract valued at approximately $7 million from the U.S. Army to provide multiple units of its ruggedized Secure 1000 advanced people screening system. The order stems from a recently awarded three-year $248 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract to Rapiscan by the Army.

OSI Systems, a vertically-integrated provider of specialized electronics and services, announced that its Security division, Rapiscan Systems, has received a contract valued at approximately $7 million from the U.S. Army to provide multiple units of its ruggedized Secure 1000 advanced people screening system. The order stems from a recently awarded three-year $248 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract to Rapiscan by the Army.

The Company also announced that Rapiscan Systems achieved record bookings for the quarter ended June 30, 2011 of $85 million, which is a 22 percent increase over prior year.

OSI Systems President and CEO, Deepak Chopra, commented: “We look forward to supporting the U.S. Army in implementing the next generation of checkpoints at military bases in theaters of operation. Heading into fiscal 2012, we believe our strong Q4 bookings performance, diversified product portfolio and a robust pipeline of new opportunities position Rapiscan specifically and OSI Systems overall to continue strong growth.”

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