OSI Gets $140 Million U.S. Customs Contract

Hawthorne-based OSI Systems Inc. signed a new five-year contract with United States Customs and Border Protection valued at up to $140 million, the company announced June 26.

OSI designs and manufactures electronic systems and components for the homeland security, medical, defense and aerospace industries.

The $140 million contract OSI received from CBP is for the service and maintenance of the department’s cargo, vehicle, and parcel inspection systems. OSI received a $25 million initial payment to provide support services, including maintenance services and logistics, the company said.

Manufacturing, retail and trade reporter Shwanika Narayan can be reached at snarayan@labusinessjournal.com or 323-556-8351. Follow her on Twitter @shwanika.