Offshore Systems International Ltd. said that its Navigation Systems unit has been selected for a major fleet-wide contract with the Royal Navy. OSI, as part of a successful teaming arrangement with Lockheed Martin UK and Kelvin Hughes Ltd., will begin to deliver ECPINS-M software to the Royal Navy fleet in mid-2004. The initial purchases total approximately CDN $3 million. The total contract value, including long term support and options for auxiliary systems and software development is approximately CDN $17.5 million. "Winning this contract is a significant milestone in the growth of our company," said John Jacobson, President and CEO of OSI. "The Royal Navy's selection has validated years of development work and reinforced our approach to this market.