OSI Geospatial Inc. (OSI) said its U.S. Systems Operations has signed a $500,000 contract to provide the U.S. Navy with military navigation systems. The systems will be installed on 12 new vessels that are being built to support homeland defense initiatives.
The U.S. government and many other governments around the world are committing substantial resources towards coastal and harbor defense initiatives. There is an increasing demand for small vessels that can be deployed quickly to identify and respond to security threats. OSI's warship navigation technology and market leadership position provides the company with a clear advantage in pursuing this market.