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INSIGHTS

Rapiscan Receives $98 Million US Army Contract for Screening Entry Points

OSI Systems, a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, 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, a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, 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."

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