Sign on the dotted line, OSI Systems (NASDAQ: OSIS) stock gains after $10M cargo inspection contract

OSI Systems Inc (NASDAQ: OSIS) shares rose 2% on Tuesday after the company announced a new contract valued at approximately $10 million in North America for cargo Non-Intrusive Inspection systems.

The order, secured through OSI Systems’ Security division, covers the deployment of cargo NII systems, including installation, training and lifecycle support.

OSI Systems President and CEO Ajay Mehra commented, “This order reflects the growing momentum we are seeing in the marketplace for expanding security infrastructure with non-intrusive inspection solutions. Customers continue to value our ability to deliver flexible, high-performance systems that support efficient and secure inspection operations.”

The company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers inspection systems, turnkey screening solutions, and support services.