And while the precise identity of the agency in question was not revealed, other details were. First and foremost, this contract is what is known as an indefinite-delivery, indefinite-quantity (IDIQ) award. As such, it's best considered as an "umbrella" contract whose dollar value may or may not ultimately be reached. The actual value of the revenues AS&E will receive depends on how many, and how large, task orders it receives under the IDIQ umbrella.
In that regard, AS&E also announced Tuesday that it has already received its first such task order, with its government agency customer ordering $11.2 million worth of X-ray equipment for use in "counter-drug and anti-terrorism missions."
Despite the good news, AS&E shares closed down 0.3% at $56.03 on Tuesday.