OSI Systems (OSIS) Receives $76M U.S. CBP Contract for ZBV Cargo and Vehicle Screening Systems

October 25, 2016 8:36 AM EDT

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OSI Systems, Inc. (Nasdaq: OSIS) announced that its recently acquired business, American Science and Engineering, Inc. (AS&E), has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract from U.S. Customs and Border Protection (CBP) for ZBV® cargo and vehicle screening systems and associated service, maintenance, and training. The five-year ZBV IDIQ contract is valued up to $76 million. AS&E also received the first delivery order under the IDIQ contract valued at approximately $10 million. The ZBV systems with Tx-View™ options are expected to be deployed for homeland security applications at security checkpoints.

“The ZBV system has proven to be an essential tool for rapid explosive and contraband detection in cargo and vehicles at checkpoints around the world, and with the Tx-View option, the system delivers even greater detection capability,” said Deepak Chopra, OSI’s Chairman and CEO. “We are pleased to receive the ZBV award to continue to support CBP’s critical homeland security operations.”

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