OSI Systems Receives $59 Million Contract for Cargo and Vehicle Inspection Solutions

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OSI Systems, Inc. announced that its Security division received a contract from a customer in the EMEA region valued at approximately $59 million to provide various cargo and vehicle inspection platforms including the Eagle® G60 high-energy, gantry-mounted cargo inspection system, Eagle® P60 high-energy, drive-through cargo and vehicle inspection system, Eagle® M60 high-energy mobile cargo and vehicle inspection system, CarView® multi-technology, top-view passenger vehicle inspection system, and Guardian™ VM500 Series radiation portal monitor. The Company is expected to integrate the inspection systems into a national command center via its CertScan® integration platform and provide maintenance, training, and service support as part of this award.

OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We are honored to receive this contract, which affirms our long-standing customer’s continued trust in our innovative technology solutions for port and border security. We are dedicated to continually advancing our imaging technology to detect prohibited cargo effectively and help ensure the optimum operation of our deployed systems. With the addition of programs like this one that require ongoing maintenance, service, and support, we anticipate a sustained increase in recurring revenue as our security inspection system installed base continues to grow globally.”