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-0.0047717130106419 -0.0108135942327497 -0.0108135942327497 -0.0108135942327497 -0.0108135942327497 0.0181943014074837 0.0323206316512187 0.0306728458633711
Stock impact report

OSI Systems Receives $235 Million Homeland Defense Contract

OSI Systems, Inc. (OSIS) 
Last osi systems, inc. earnings: 4/30 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.osi-systems.com
Company Research Source: Business Wire
HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has been awarded an Undefinitized Contract Action (UCA) with a not-to-exceed value of approximately $235 million for the production and integration of a homeland defense over the horizon radar (OTHR) transmit subsystem. The system is designed to enable long-range tracking of various target types beyond conventional line-of-sight limitations.OSI Systems’ President and Chief Executive Officer, Ajay Mehra, commented, “This award highlights our strengths in critical radio frequency (RF) engineering, advanced manufacturing, and complex system integration for mission-critical defense applications. We are proud to support a next-generation sensing program designed to enable reliable, long-range performance in demanding operational environments.”This contract is funded at $46 million for initial program execution, with additional funding expected Show less Read more
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