Thursday, May 14, 2009

Another $2.2M order comes in for AS&E inspection systems

By Brendan Lynch

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American Science & Engineering Inc. reports it has landed $2.2 million from an unnamed European customs agency for service and maintenance on cargo X-ray inspection systems.

The contract is a renewal, according to AS&E (Nasdaq: ASEI), which said it has had a long-standing relationship with the unnamed customer.

Last week, AS&E landed $4.4 million from an unnamed U.S. government agency for maintenance on its cargo inspection vans. Under the contract, Billerica-based AS&E will provide service and maintenance on its Z Backscatter Vans.

Earlier this month, AS&E received the first order from an unnamed client for its Z Gantry multi-view Z Backscatter cargo and vehicle screening system. Financial terms of the deal were not disclosed.

Also this month, Billerica-based AS&E won a $6.3 million follow-on order from an unnamed client in the Middle East for an unspecified number of its Z Portal cargo and vehicle screening systems.

AS&E reported a fiscal 2008 net income of $17.5 million on revenue of $166.7 million.