iHub News
4週前
Cargo and Vehicle Inspection Order Adds New Government Business for OSI Systems (OSIS)May 14, 2026 10:36 AM
IH Market News A new $15 million government task order expands OSI Systems’ security backlog and reinforces demand for its cargo and vehicle inspection technologies. Key Investor Takeaways OSI Systems (NASDAQ:OSIS) secured a $15 million task order tied to cargo and vehicle inspection systems and related services. The award supports recurring revenue potential through follow-on maintenance and support work. Government security contracts remain an important driver for OSI Systems’ Security division. The order highlights continued demand for infrastructure and border-screening technologies from U.S. government customers. Lifecycle support services could help strengthen margin visibility beyond the initial equipment deployment. Why OSI Systems Stock Is in Focus OSI Systems announced that its Security division received a task order worth approximately $15 million from a U.S. government customer.Under the agreement, the company is expected to supply cargo and vehicle inspection systems, along with follow-on service and support tied to the deployment.The contract centers on OSI Systems’ security screening business, which provides inspection systems and turnkey screening solutions used to protect infrastructure and transportation networks.Chief executive Ajay Mehra said the award reflects ongoing customer confidence in the company’s technology and operational capabilities.“This award underscores continued confidence in our inspection solutions and our ability to execute complex programs from deployment through sustained operations,” Mehra stated. “We are proud to support critical mission requirements with proven technologies backed by our lifecycle maintenance and services.” Why This Matters for Investors While the contract size is modest relative to larger defense and security awards, the announcement reinforces OSI Systems’ positioning within the government inspection and screening market.Investors may view the follow-on services component as particularly important because support and maintenance agreements can create longer-term recurring revenue opportunities beyond the initial hardware sale.The order also suggests continued government demand for cargo and vehicle inspection systems tied to security, border protection, and infrastructure monitoring initiatives.For OSI Systems, consistent contract wins in the Security division could support broader revenue stability across its portfolio, which also includes healthcare and optoelectronics operations.The announcement may also help sentiment around the company’s execution capabilities, especially as management emphasized deployment and sustained operational support. What to Watch Next Investors will likely monitor whether OSI Systems secures additional government security contracts in coming quarters.Future updates around backlog growth, recurring service revenue, and Security division performance could provide further insight into how meaningful these inspection system awards may become for the company’s longer-term growth outlook.OSI Systems stock price Original: Cargo and Vehicle Inspection Order Adds New Government Business for OSI Systems (OSIS)
iHub News
2月前
OSI Systems secures $235M radar contract for defense programApril 23, 2026 10:50 AM
IH Market News
OSI Systems Inc. (NASDAQ:OSIS) announced that its Security division has been awarded an Undefinitized Contract Action with a ceiling value of approximately $235 million to produce and integrate a homeland defense over-the-horizon radar transmit subsystem.The deal represents roughly 13% of the company’s annual revenue of $1.8 billion and comes as the firm, with a market capitalization of about $4.8 billion, trades near its 52-week high.
Advanced radar system for long-range tracking
The radar system is designed to detect and track targets at long distances beyond traditional line-of-sight limitations, enhancing homeland defense capabilities.Initial funding for the contract stands at $46 million to support early program execution, with additional funding expected to follow to keep the project on schedule.
CEO highlights core capabilities
“This award highlights our strengths in critical radio frequency engineering, advanced manufacturing, and complex system integration for mission-critical defense applications,” said Ajay Mehra, President and Chief Executive Officer of OSI Systems.
Diversified operations and recent performance
OSI Systems develops and manufactures specialized electronic systems for critical-use applications across three segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security unit focuses on inspection and screening technologies.The company’s stock has gained approximately 51% over the past year.
Recent developments
In other updates, OSI Systems reported fiscal second-quarter 2026 results with a non-GAAP adjusted EPS of $2.58, beating expectations of $2.52.The company also recently secured a separate multi-year contract worth over $40 million to supply electronic sub-assemblies to a medical device manufacturer, although details on the customer and contract duration were not disclosed.These developments highlight continued momentum in both its defense and healthcare-related businesses.OSI Systems stock price
Original: OSI Systems secures $235M radar contract for defense program
US Market News
2月前
OSI Systems Receives $40 Million Award for Medical Device Sub-AssembliesApril 6, 2026 8:30 AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division (“Opto”) has received a multi-year award valued at more than $40 million from a leading medical device original equipment manufacturer (OEM) to provide critical electronic sub-assemblies that are utilized in the customer’s medical device platforms.
OSI Systems’ President and Chief Executive Officer, Ajay Mehra, commented, “We are pleased to have been selected by this leading medical device OEM for a significant manufacturing program. This award highlights our capabilities in delivering high-quality, reliable solutions that support critical healthcare applications. We look forward to continuing to support this customer’s needs through our global manufacturing footprint.”
About OSI Systems
OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260406007592/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President
310-349-2237
avashishat@osi-systems.com
Original: OSI Systems Receives $40 Million Award for Medical Device Sub-Assemblies
US Market News
3月前
OSI Systems to Present at JP Morgan Industrials ConferenceMarch 16, 2026 8:30 AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that it will present at the JP Morgan Industrials Conference in Washington, DC on Tuesday, March 17, 2026, at 3:40 p.m. ET.
A live webcast of the presentation will be available through the Investor Relations section of the OSI Systems website.
About OSI Systems, Inc.
OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316922744/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com
Original: OSI Systems to Present at JP Morgan Industrials Conference
US Market News
3月前
OSI Systems to Present at Morgan Stanley Technology, Media & Telecom ConferenceMarch 3, 2026 8:30 AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, on Wednesday, March 4, 2026, at 1:50 p.m. PT.
To listen to the live webcast of the presentation, please visit the investor relations section of the OSI Systems website.
About OSI Systems, Inc.
OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
View source version on businesswire.com: https://www.businesswire.com/news/home/20260303864722/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com
Original: OSI Systems to Present at Morgan Stanley Technology, Media & Telecom Conference
kalstone
12年前
I think these guys know how to run a business.
“We are pleased to announce strong second quarter results. We achieved record sales, as each of our three divisions reported double digit sales growth over the prior year, resulting in overall growth of 22%. In addition, we reported record year-over-year non-GAAP earnings for the 18th straight quarter along with significant free cash flow,” said Deepak Chopra, OSI Systems’ Chairman and CEO.
The Company reported revenues of $236 million for the second quarter of fiscal 2014, an increase of 22% as compared to the same period a year ago. Net income for the second quarter of fiscal 2014 was $14.6 million, or $0.71 per diluted share, compared to net income of $12.4 million, or $0.60 per diluted share, for the second quarter of fiscal 2013. Excluding the impact of impairment, restructuring and other charges, net income for the second quarter of fiscal 2014 would have been $16.1 million, or $0.78 per diluted share, compared to net income of $14.4 million, or $0.70 per diluted share for the comparable quarter of the prior year.
http://ih.advfn.com/p.php?pid=nmona&article=60819929&xref=newsalert
kalstone
13年前
These guy keep kicking it out. OSIS Is one world class organization.
"OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronics and services, today announced that the Government of Albania has awarded its Security Division, Rapiscan Systems, a fifteen-year contract to provide turnkey cargo and vehicle security screening services at various sites throughout the country."
"The Company currently anticipates that total gross revenues may range from $150 million - $250 million over the term of the agreement. Actual revenues could differ significantly from the range provided as the generation of revenue is based upon the volume of cargo and other factors."
http://ih.advfn.com/p.php?pid=nmona&article=58899549&xref=newsalert
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