OSI Systems, Inc. (NASDAQ: OSIS) shares jumped Thursday, on word that its Security division received an order valued at approximately $37 million to deliver advanced radio frequency (RF)-based communication and surveillance systems.
OSI Systems’ CEO Ajay Mehra, commented, “We are honored to receive this important award and look forward to supporting this customer’s mission-critical systems that safeguard national security. ”
OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three key 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.
According to this morning’s news release, “The Optoelectronics and Manufacturing segment serves as a trusted 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 to enhance clinical care and patient outcomes. Serving over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support.”
OSIS shares began Thursday acquired $1.36 to $247.02.
