OSI Systems (OSIS +4.23%) moves up today after saying that its reached an agreement with the TSA...

|About: OSI Systems, Inc. (OSIS)|By:, SA News Editor

OSI Systems (OSIS +4.23%) moves up today after saying that its reached an agreement with the TSA regarding the Rapiscan Imaging Technology systems and Automated Target Recognition software, in response to a “show cause” letter it received from the agency in November. Under the terms of the agreement, Rapiscan unit will no longer provide software development for body-scanning machines used in U.S. airports but will continue to provide the imaging systems.