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Fly News Breaks for June 24, 2016
Jun 24, 2016 | 08:47 EDT
Roth Capital analyst Jeff Martin believes OSI Systems' (OSIS) pending acquisition of American Science & Engineering (ASEI) brings scale with margin and earnings accretion given "significant" cost synergies. The analyst expects AS&E's product portfolio to enhance OSI Systems' position in the cargo and vehicle inspection market. Martin reiterates a Buy rating and $57 price target on OSI Systems' shares.
News For OSIS;ASEI From the Last 2 Days
Oct 15, 2018 | 08:32 EDT
OSI Systems announced that its Security division has been awarded an indefinite delivery, indefinite quantity, or IDIQ, contract from U.S. Customs and Border Protection, or CBP, for Z Portal cargo and vehicle screening systems. The two-year Z Portal IDIQ contract is valued up to $67 million. The Company also received the first delivery order under the IDIQ contract valued at approximately $61 million. The Z Portal systems are expected to be deployed for homeland security applications at multiple border locations.