OSI Systems Secures $7 Million Orders for Electronic Sub-Assemblies
OSI Systems (NASDAQ: OSIS) announced on Monday that it has received approximately $7 million in orders from a major industrial controls original equipment manufacturer. The orders are for electronic sub-assemblies to be used in the customer's control and monitoring platforms, which will be produced by OSI’s Optoelectronics and Manufacturing division. The deal highlights growing demand for advanced components within the industrial automation sector. This order is expected to contribute positively to OSI Systems' revenue in the near term, reinforcing its position as a key supplier of specialized electronic solutions across various industries.
Tickers: $OSIS
Topics: contract award electronics manufacturing industrial controls