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Stock Market & Financial Investment News

News Breaks
November 15, 2012
14:40 EDTOSISOSI Systems responds to media reports regarding testing of AIT systems
OSI Systems announced that on November 9, Rapiscan Systems, its Security division, was delivered a show cause letter from the U.S. Transportation Security Administration. 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. "At no time did Rapiscan Systems falsify test data or engage in any fraudulent conduct," OSI Systems President and CEO, Deepak Chopra, commented. "We take the matter very seriously and are fully cooperating with the TSA during this process."
News For OSIS From The Last 14 Days
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October 23, 2014
08:35 EDTOSISOSI Systems raises FY15 EPS view to $3.53-$3.76, consensus $3.56
Raises FY15 revenue view to $970M-$995M, consensus $966.51M. Previous EPS view was $3.50-$3.75, previous revenue view was $960M-$985M.
08:34 EDTOSISOSI Systems reports Q1 adjusted EPS 57c, consensus 56c
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October 22, 2014
08:30 EDTOSISOSI Systems, DHS enter into addendum to administrative agreement
OSI Systems announced that its Security division, Rapiscan Systems, and the Department of Homeland Security have entered into an Addendum to the Administrative Agreement signed in June 2013. Among other compliance measures, the Addendum extends the duration of the Administrative Agreement. OSI Systems CEO, Deepak Chopra, commented, “We are pleased to have reached this agreement with DHS. U.S. federal government agencies are counted among our closest and longest standing customer relationships and we look forward to continuing to provide these customers with state of the art technologies and services in years to come.”

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