OSIS - OSI Systems Prospects Ride on Expanding Order Book | Benzinga
OSI Systems (NASDAQ: OSIS) is benefiting from an expanding order book across its Healthcare, Optoelectronics and Manufacturing and Security Segments.
Building on this momentum, the company recently announced that its Security division has secured an order valued at approximately $17 million from an international customer.
The order includes advanced cargo and vehicle inspection systems such as the Eagle P60 high-energy drive-through system and the T60 trailer-mounted vehicle inspection system.
OSI Systems will also provide comprehensive services, including system installation, training and multi-year service and maintenance support, underscoring its commitment to delivering integrated security solutions globally.
OSI Systems Prospects Strong
OSIS Security division saw a remarkable 60% year-over-year revenue growth in the third quarter of fiscal 2024. The uptick was primarily driven by major contracts like the $500 million deal with SEDENA (Mexico's Department of National Defense) and other international contracts ...