OSI Systems Up Huge After Receiving Big Contract (OSIS)

Shares of OSI Systems, Inc.

are up sharply this morning, on strong volume, as the company won a contract potentially worth $325 million for an Indefinite Delivery, Indefinite Quantity from the U.S. Transportation Security Administration for its Rapiscan 620DV AT (Advanced Technology) checkpoint X-ray baggage inspection system. OSIS has been on a roll lately, winning contracts left and right for its products, and the stock has reflected this. Shares are near their 52 week high, which was set earlier this morning. Shares are up 25% on the year, as more of its products and applications are being implemented. OSI Systems, Inc. designs, manufactures, and sells specialized electronic systems and components for applications in homeland security, healthcare, and defense and aerospace markets worldwide. Shares of OSIS are up $1.67 or more than 5% to $34.63. Volume is exceptionally strong today on the large contract win, having traded more than 455,000 shares. The average daily volume is around 160,000 shares.