American Science & Engineering Wins Government X-Ray Work

American Science & Engineering (NASDAQ: ASEI  ) announced today that the government has awarded it an optionable contract to service and maintain, and provide spare parts for, its fleet of X-ray detection systems. These systems include airport devices for examining passengers prior to boarding, cargo inspection systems for use at ports, and even the company's Z Backscatter vans for mobile inspection of suspicious objects.

The company said that if all options are exercised, the contract should be worth up to $12.4 million to the company. That would work out to about 6.8% of the company's annual revenues.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2628680, ~/Articles/ArticleHandler.aspx, 7/26/2014 10:01:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...