OSI Systems Receives $12M Service Order For Advanced Security Inspection Systems
Portfolio Pulse from Happy Mohamed
OSI Systems (NASDAQ:OSIS) has received a $12 million order from a European customer to provide service and support for its RTT® 110 explosive detection systems used in airport baggage screening. The system has been widely deployed at major international airports and meets the European Civil Aviation Conference's threat detection requirements.
June 28, 2023 | 12:33 pm
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OSI Systems has secured a $12 million order for its RTT® 110 explosive detection systems. This could potentially boost the company's revenues and strengthen its position in the security inspection market.
The $12 million order for OSI Systems' RTT® 110 explosive detection systems is a positive development for the company. It not only represents a significant revenue opportunity, but also reinforces the company's position in the security inspection market. Given the importance of security in the aviation industry, this could potentially lead to more orders in the future, positively impacting the company's stock price in the short term.
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