OSI Systems secures $37 million order for RF surveillance systems

HAWTHORNE, Calif. - OSI Systems, Inc. (NASDAQ:OSIS), a technology company with a market capitalization of $4.13 billion and strong revenue growth of 11.33% over the last twelve months, has received an order valued at approximately $37 million to provide advanced radio frequency (RF)-based communication and surveillance systems, according to a press release statement from the company.

The order was secured by the company’s Security division, which specializes in inspection systems and screening solutions designed for security applications.

"We are honored to receive this important award and look forward to supporting this customer’s mission-critical systems that safeguard national security," said Ajay Mehra, President and CEO of OSI Systems.

The company did not disclose the identity of the customer or specific details about the systems to be delivered.

OSI Systems operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. The Security division, which received this order, focuses on delivering inspection systems and screening solutions to protect infrastructure and people.

The California-based company serves over 170 countries with manufacturing, sales, service, and research and development capabilities positioned globally.

Shares of OSI Systems are traded on the Nasdaq stock exchange under the ticker symbol OSIS.

In other recent news, OSI Systems reported its fourth-quarter fiscal 2025 earnings, which fell short of expectations. The company announced earnings per share of $2.84, missing the forecasted $3.19, and revenue of $480.91 million, below the anticipated $496.46 million. In contrast to the earnings miss, OSI Systems secured a five-year contract with U.S. Customs and Border Protection valued at up to $54 million, aimed at enhancing border security through its CertScan platform. Additionally, the company received a $23 million order to provide non-intrusive inspection systems for cargo and vehicle checkpoints, further bolstering its border security initiatives. Another significant development is the $26 million contract for radio frequency-based threat detection systems awarded to OSI’s Security division. On the analyst front, Oppenheimer raised its price target for OSI Systems to $270 from $260, maintaining an Outperform rating and highlighting strong performance in the Security and O&M segments. This comes despite challenges in the Healthcare division, with security sales growing by 7%, bolstered by a 9% contribution from a recent acquisition. These developments underscore a mix of challenges and opportunities for OSI Systems in its various business segments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.