FX.co ★ OSI Systems Lands $81 Mln Contract To Provide Eagle M60 Systems

OSI Systems, Inc. (OSIS), a provider of security solutions, announced on Monday that its security division has secured an $81 million contract from an international client. This order comprises several units of the Eagle M60, a mobile high-energy cargo and vehicle inspection system.

These cutting-edge inspection systems are specifically engineered to bolster border security and protect essential infrastructure. They are integral in identifying potential threats by scanning cargo and vehicles with high-energy methods, thus ensuring the safety and security of crucial transportation and infrastructure sectors.

As of the latest trading figures, OSIS shares are valued at $152.53 on the Nasdaq, experiencing a minor decline of 0.53 percent, equivalent to $0.82.