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January 17, 2013
19:06 EDTOSISOSI Systems announces agreement with TSA, to take $2.7M charge in Q4
OSI Systems announced that Rapiscan Systems, its Security division, has reached an agreement with the U.S. Transportation Security Administration regarding the Rapiscan Secure 1000SP Advanced Imaging Technology systems and Automated Target Recognition software. The agreement relates to the contract underlying the issues raised in a "show cause" letter delivered to the company by the TSA on November 9. The agreement results in the mutually-agreed conclusion of ATR software development for the Secure 1000SP, but continues Rapiscan's overall contract with TSA for AIT systems. The company expects to report a related $2.7M one-time impairment and other charge in the quarter ended December 31. While the company reached agreement with the TSA regarding the AIT/ATR contract, final resolution of the "show cause" letter is subject to Department of Homeland Security disposition.
News For OSIS From The Last 14 Days
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January 27, 2015
08:48 EDTOSISOSI Systems should be bought ahead of catalysts, says Roth Capital
Roth Capital believes that OSI Systems has a number of upcoming deal announcements that should set the stage for the company to grow in fiscal 2016. The firm reiterates a $90 price target and Buy rating on the shares.
January 26, 2015
08:36 EDTOSISOSI Systems raises FY15 EPS view to $3.54-$3.76, consensus $3.57
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08:34 EDTOSISOSI Systems reports Q2 EPS 96c, consensus 95c
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January 22, 2015
08:10 EDTOSISOSI Systems awarded contract from Premier, Inc
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