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OSI Systems Secures $200 Million CBP IDIQ for Rapiscan Vehicle Inspections

Aug 17, 2026, 8:47 AM EDT2 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A sizable five-year IDIQ with a $200M ceiling improves revenue visibility and backlog, which can support valuation and earnings visibility. The initial task order confirms near-term activity, though follow-on orders depend on CBP procurement cycles and budget timing.

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What happened, with direct paths to the underlying reporting

OSI Systems announced its Security division won a five-year IDIQ contract from U.S. Customs and Border Protection to supply relocatable Rapiscan passenger vehicle inspection systems, with a ceiling of about $200 million. An initial task order covers the first installations plus service and training. The award broadens OSIS's backlog and revenue visibility and may lead to additional orders during the term as CBP expands its vehicle screening program.

OSI Systems Security wins CBP five-year IDIQ contract worth up to $200M.
Initial task order covers first systems, service, and training.
Contract boosts OSIS backlog and long-term revenue visibility.
IDIQ structure enables potential additional CBP orders through five years.

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OSI Systems Secures $200 Million CBP IDIQ for Rapiscan Vehicle Inspections

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