OSI Systems, Inc., a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems has received cancellation of a $17.6 million order from the U.S. government for multiple cargo and vehicle inspection systems. The original order was announced in October, 2009. As is standard for U.S. government awards, the government maintains the right to terminate a contract in whole or part without implying any fault of the contractor.
U.S. Government Cancels Rapiscan’s Order of Cargo and Vehicle Inspection Systems
January 30th, 2010 · No Comments
Tags: Homeland Security
