OSI Systems Pockets $600M Contract From Mexico's SEDENA

March 20, 2023 9:50 AM | 1 min read | Make a Comment

OSI Systems, Inc. OSIS has secured an award valued at ~$600 million, which includes 16% value added tax (VAT), from Mexico's Secretaría de la Defensa Nacional (SEDENA) for cargo and vehicle inspection systems and related services.
Under the award, the company is expected to provide a range of inspection systems, to inspect trucks, buses, and cars at several Mexican customs border checkpoints at the country's northern and southern borders.
OSIS also expects to support the civil works, training, and follow-on maintenance.
The award is subject to finalization and execution of definitive agreements.
Price Action: OSIS shares traded higher by 3.77% at $94.58 on the last check Monday.
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