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Tuesday, October 25, 2005
OSI awarded $450,000 in additional contracts with Portuguese Navy
VANCOUVER, Oct. 24 /PRNewswire-FirstCall/ - Offshore Systems International Ltd. (TSX: OSI/ OTCBB: OFSYF) has been awarded a contract to outfit the Portuguese Navy's top MEKO class frigates with its warship-version electronic navigation system ('WECDIS'). OSI was also awarded a second contract for a hardware upgrade to the approximately 30 standard electronic navigation systems delivered under the initial contract in November 2004. The two contracts are valued at approximately $450,000.
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