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Earnings News & Notes

Cal Biesecker By
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Earnings News & Notes
Tunnel entrance to Rapiscan’s RTT 110 explosive detection system. Photo: OSI Systems

OSI Systems [OSIS] 1Q21                   1Q20 Sales                    $254.9M             $290.9M Net Inc.               $9.3M, $0.51     $20.7M, $1.10 Sales tumbled 12% on a 29% drop at the Security segment to $134.8million, which continues to suffer due to impacts from the ongoing COVID-19 pandemic. The coronavirus is limiting travel and getting people in place to install equipment, including at airports, ports and borders, Deepak Chopra, OSI’s CEO, said during the company’s earnings call. Bid activity remains strong, he added. The decline at the security segment…

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Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

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