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OSI earns $23M extension from DoD for cargo, vehicle inspection system support

HAWTHORNE, CA May 1, 2017 OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division has received a Foreign Military Sales (FMS) 2-year contract extension from the U.S. Department of Defense valued at approximately $23 million to provide training, service and logistics support for its Rapiscan® cargo and vehicle inspection systems.

OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We look forward to continuing to support the efforts of our customer to provide security for critical infrastructure.”

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 40 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