OSI Continues to Receive New Orders For First Quarter

Wednesday, February 20, 2002
Offshore Systems International Ltd. (OSI) announced that it continures to receive new orders in its fiscal first quarter which ends February 28, 2001. Since announcing a major new order in December, Offshore has received $1.1 million in additional new orders bringing the total new business booked to date in the fiscal first quarter to $1.7 million. The new orders are from three of Offshore Systems’ key customers – the Royal Danish Navy, the U.S. Coast Guard and the U.S. Navy, and are for products to be delivered later in 2002. The orders are for Offshore’s proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services. "Offshore Systems continues to experience strong order flow in the first quarter, following record levels of new orders in the last half of fiscal 2001 and a corresponding strong backlog position at fiscal 2001 year-end,” said John Jacobson, President and CEO of the company. "We’re maintaining our focus on the military navigation market and, with the heightened emphasis on security and increased government spending on homeland defense in North America, we are very optimistic about Offshore’s future prospects. We are also seeing an increasing interest in our products internationally. In fact, Offshore was recently invited to deliver a briefing on its ECPINS®-M technology at NATO Headquarters in Brussels.”
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

New sanctions threats as Ukraine stalemate goes on

A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1642 sec (6 req/sec)