OSI Systems Inc (NASDAQ: OSIS) said on Monday that its Security division had been awarded an international order valued at nearly $32 million to provide radio frequency-based critical systems that are designed for long-range secure communications.
”We are pleased with this award and look forward to collaborating with this customer and supporting the upgrade of its long-range communication systems. RF-based communication and surveillance solutions are a crucial component of military infrastructure worldwide,” OSI Systems’ President and CEO, Ajay Mehra, said in a press release.
Stock Performance
The shares of OSI Systems Inc (OSIS) closed 0.57% ($1.15) lower at $201.13 on Nasdaq on Monday.
The company’s total market cap now stands at $3.379 billion.
The shares of OSI Systems Inc (OSIS) went up 29.74% in 2024, compared with a 28.64% gain for the benchmark index, Nasdaq Composite (IXIC).
The company’s shares have risen another 20.13% so far this year.
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