Rapiscan Systems receives $7m US Army contract
Rapiscan Systems, a leading global supplier of security inspection systems, has received a contract valued at approximately $7 million from the US Army to provide multiple units of its ruggedized Secure 1000 advanced people screening system. The order stems from a recently awarded three-year $248 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract to Rapiscan by the Army.
The Company also announced that Rapiscan Systems achieved record bookings for the quarter ended June 30, 2011 of $85 million, which is a 22% increase over prior year.
OSI Systems President and CEO, Deepak Chopra, commented: "We look forward to supporting the US Army in implementing the next generation of checkpoints at military bases in theaters of operation. Heading into fiscal 2012, we believe our strong Q4 bookings performance, diversified product portfolio and a robust pipeline of new opportunities position Rapiscan specifically and OSI Systems overall to continue strong growth."
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