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.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.