OSI Geospatial Awarded $4m Canadian Navy Contract

Wednesday, December 13, 2006
OSI Geospatial Inc. announced that its international systems business has been awarded a support contract with the Canadian Department of National Defence (DND) valued at a more than $4.0 million, including all options. The contract has a fixed provision of approximately $1.7 million over three years and an optional provision of up to $2.3 million over four years. Under the terms of the contract, OSI will provide the Canadian Navy with hardware and software support and maintenance. The Canadian Navy currently deploys OSI’s Warship Electronic Chart and Display Information System (WECDIS) product on more than 50 vessels fleet-wide. OSI delivered the first electronic chart navigation system to the Canadian Navy in 1985. Fleet installations began in 1997 and continued in 2001. Training facilities for WECDIS are in place across Canada at all of the navy’s training schools. This is one of the most advanced fleet and training-school implementations of electronic chart navigation systems in the world.

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