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Earnings News & Notes

Cal Biesecker By
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OSI Systems [OSIS]                                    4Q16               4Q15               FY16               FY15Sales                            $221.5             $266.6             $829.7M          $958.2MNet Inc.                       $5.9M, 0.30     $22.4M, 1.09   $26.2M, $1.30$65.2M, $3.17Sales fell 17% on declines across all three of the company’s segments with the Security and Healthcare businesses off the most. Sales in the Rapiscan Systems security segment fell 19% to $110.5 million due to contract delays and a slower conversion of backlog into revenue, says Deepak Chopra, the company’s president and CEO. For example, he says, a $20 million…

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Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…

M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…

Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…

Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…

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