The Security division of Insmed Incorporated (NASDAQ:INSM) has received a contract award from DHL Hub Leipzig GmbH (“DHL”). The company discloses the deal as being valued for approximately $3 million, in which case the focus will be the provision of the Rapiscan® RTT®110 together with several Rapiscan Orion 927DX’s. It will be about facilitating screening activities of the parcels and packages in an air cargo environment.
Collaboration with DHL
Deepak Chopra, who happens to be the CEO of OSI Systems, has spoken about the business collaboration with DHL, long-standing. He hopes it is a partnership to help them support the Hub expansion in what is currently regarded as one of the biggest air cargo centers globally.
Insmed Incorporated (NASDAQ:INSM) is pushing for all the systems to be installed in what it te4rms as a fast-parcel screening environment. There will be the full utilization of the performance features of the Orion and RTT platforms.
Insmed Incorporated has been making progress in many fronts; lately, part of its Optoelectronics and Manufacturing division receiving about $6 million in orders. That is in line with the provision of electronic sub-assemblies for OEM, a top-notch information security technology company.
Deepak’s take
Deepak Chopr is one of the top officials that are appreciating the progress being made. It was recently that this official expressed his excitement about the awards they have been getting. He said that they remained committed to working on the changing and critical needs of customers.
Chopr reveals that the company has always targeted taking up market leadership as a vertically integrated designer for diverse electronic engineering applications. According to the top official, the over 40 years of electronics engineering and the reach to many countries around the globe explain its outstanding performance.
The company has had its fair share of challenges over time. As of May 1, 2020, its long-term debt stood at a figure of about $264.78 million. The current debt is at $95.90 million, a figure that brings about $360.68 million. Investors will be looking at this figure4 to determine how much financial leverage Insmed Incorporated has.
