Just before the close on Thursday, OSI Systems, Inc. OSIS announced that on November 9, 2012
Rapiscan Systems, its Security division, was delivered a show cause letter
from the U.S. TSA. The letter, which
pertains to a privacy system Rapiscan was developing under contract for the
TSA, alleges that Rapiscan did not disclose issues related to the development
process in a timely or complete manner. Contrary to some press reports,
Rapiscan did not falsify test data; in fact, TSA testimony to Congress today
confirms that this was at all times a government controlled test and that
Rapiscan could not have manipulated any test data.
Furthermore, the evidence shows that Rapiscan delivered for testing the exact
configuration previously disclosed to TSA and which TSA had approved.
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