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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]
OSS Announces $10.5 Million in New Awards to Support U.S. Navy P-8A Poseidon Aircraft Program
Globenewswire· 2026-02-19 13:00
Core Insights - One Stop Systems, Inc. (OSS) has secured new contracts totaling $10.5 million from the U.S. Navy and a major U.S.-based defense contractor for the P-8A Poseidon Reconnaissance Aircraft, bringing its lifetime contracted revenue on the P-8A platform to over $65 million, with more than $23 million awarded since the start of 2025 [1][3] Group 1: Contract Details - The contract involves the delivery of rugged data storage units designed for the C5ISR mission capabilities onboard the P-8A Poseidon, featuring hot-swappable canisters of high-capacity NVMe flash storage for secure data offload and analysis in challenging airborne environments [2] - These latest awards represent the largest aggregate orders to date for the P-8A platform, reinforcing OSS's role in this critical military program [3] Group 2: Company Overview - OSS specializes in rugged Enterprise Class compute and storage products for AI, machine learning, and sensor processing at the edge, catering to demanding applications across various industries, including defense [4][5] - The company’s products include ruggedized servers, compute accelerators, and flash storage arrays, which are utilized in sectors such as autonomous trucking, farming, and military applications [5][6] Group 3: Market Position - OSS's solutions address the entire AI workflow, from data acquisition to deep learning and inference, positioning the company as a key player in the rapidly growing edge computing market [6]