Hawthorne-based OSI Systems Inc. announced June 7 that it received a $10 million contract to install its explosive detection system at “a European Union airport.”
It is unclear which airport in Europe will get the company’s detection system. Calls to OSI were not returned.
OSI, which designs and manufactures electronic systems and components for the homeland security, medical, defense and aerospace industries, came under scrutiny in December 2017 after a short seller claimed the company used bribes to win contracts in Albania, and that it had questionable contract practices in Mexico.
The Securities and Exchange Commission launched an investigation in February into the company’s compliance with the Foreign Corrupt Practices Act.
Manufacturing, retail and trade reporter Shwanika Narayan can be reached at email@example.com or 323-556-8351. Follow her on Twitter @shwanika.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- OSI Systems Scores $11M Contract to Provide Explosive Detector to European Airport
- OSI Systems Gets $21 Million Order from U.S. Customs and Border Protection
- OSI Gets $140 Million U.S. Customs Contract
- Detection Technology Firm Acquires Competitor in Bid to Expand Offerings
- OSI LandsS $11M Contract
- OSI Reports $303M in Q2 Revenue
- Short Seller’s Bet Against OSI Systems Sent Stock Price Tumbling
- Short Seller Bets Against OSI Systems