OSI Systems OSIS today announced that its security
division, Rapiscan Systems, was notified by the U.S. Transportation
Security Administration (TSA) that a delivery order placed with Rapiscan
on September 26, 2013 for Advanced Technology X-Ray (AT-2) based systems
was being terminated for default. As a result, the Company has de-booked
this order which had a value of approximately $60 million. TSA further
stated it will issue a revised solicitation for the systems in the
future.
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications. The Company sells its products and services in diversified
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