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OSI Systems Awarded $14 Million Contract for Cargo and Vehicle Inspection Systems

1. OSI Systems secured a $14 million contract for cargo inspection systems. 2. The deal emphasizes OSI's capabilities in security solutions at borders.

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$215.97706/25 02:56 PM EDTLatest Updated
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FAQ

Why Bullish?

Winning a substantial contract enhances revenue and market position, similar to past contracts that positively influenced share prices.

How important is it?

The $14 million contract will directly contribute to revenue and investor sentiment, indicating OSIS's operational strength.

Why Short Term?

Immediate revenue recognition from the contract can boost quarterly earnings, resulting in short-term price movement.

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LMTNOCGD
HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract valued at approximately $14 million from an international customer. As part of this award, the Company is expected to provide Eagle® M60, high-energy, mobile cargo inspection systems and ZBV® mobile Z Backscatter cargo and vehicle screening systems for use at port and border crossings. OSI Systems' President and CEO, Ajay Mehra,.

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