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One Stop Systems Secures $10.5 Million In New US Navy Awards - One Stop Systems (NASDAQ:OSS)
Benzinga· 2026-02-19 14:19
Core Viewpoint - One Stop Systems Inc. (OSS) has announced $10.5 million in new awards from the U.S. Navy and a major defense contractor, boosting its stock in premarket trading [1] Group 1: Contract Details - OSS will provide rugged data storage units for the P-8A Poseidon Reconnaissance Aircraft, featuring hot-swappable NVMe flash storage canisters for rapid data offload [2] - The revenue from these awards is expected to contribute to OSS's financials in 2026 and 2027 [2] Group 2: Program Milestone - The recent awards mark OSS's largest aggregate orders related to the P-8A platform, with total contracted revenue exceeding $65 million, including over $23 million awarded since the start of 2025 [3] Group 3: Market Activity - Short interest in OSS has increased from 1.95 million to 2.43 million shares, representing 10.86% of publicly available shares, indicating a potential for price volatility [3] - In premarket trading, OSS shares rose to $9.10, reflecting an 8.98% increase [4]