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OSI Systems Awarded Multi-Year Contract to Support U.S. Customs and Border Protection's Common Integration Platform

1. OSI Systems awarded a $1.5 million contract with CBP, potential value $54 million.

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$236.4209/29 08:49 AM EDTEvent Start
$238.047709/29 01:47 PM EDTLatest Updated
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FAQ

Why Bullish?

The contract signifies strong demand for OSIS's technology, similar to prior CBP contracts which historically boosted stock performance. A potential $54 million value indicates significant revenue opportunity, trending positively in past contracts awarded to OSIS.

How important is it?

The $54 million potential revenue aligns well with OSIS's growth strategies, making this information vital for investors looking for stable long-term returns.

Why Long Term?

The multi-year duration of the contract indicates sustained revenue support for OSIS, as seen in past long-term contracts enhancing company valuation over time.

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LMTBANOC
HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its subsidiary S2 Global, Inc. was awarded a five-year contract from U.S. Customs and Border Protection (CBP) for its Non-Intrusive Inspection (NII) Common Integration Platform (CIP) program. The contract award is approximately $1.5 million and the award has a total estimated potential value of approximately $54 million. “We are honored to partner with U.S. Customs and Bord.

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