OSI Systems wins $235 million homeland defense radar contract

OSI Systems Inc. (NASDAQ: OSIS) announced its Security division received an Undefinitized Contract Action with a not-to-exceed value of approximately $235 million for producing and integrating a homeland defense over the horizon radar transmit subsystem.

The system is designed to enable long-range tracking of various target types beyond conventional line-of-sight limitations, according to the company's press release statement.

The contract includes initial funding of $46 million for program execution, with additional funding expected to maintain the program schedule.

"This award highlights our strengths in critical radio frequency engineering, advanced manufacturing, and complex system integration for mission-critical defense applications," said Ajay Mehra, OSI Systems' President and Chief Executive Officer.

OSI Systems operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. The company designs and manufactures specialized electronic systems and components for critical applications, serving customers in over 170 countries.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Nakamoto closes healthcare clinics, completes shift to Bitcoin
• NVE Corp CEO to retire, successor named for August transition