AS&E gets $8.6M in funding
American Science and Engineering Inc. said today that a federal agency has released $8.6 million for a project the company is working on.
The aim of the project: to deliver the next generation of cargo inspection systems.
The Billerica company specializes in X-ray detection technology. With partner Passport Systems Inc. of Acton, which focuses on technology and scanner solutions that address national security threats, AS&E aims to deliver a cargo inspection system designed to detect shielded nuclear threats at the nation's points of entry.
The two-year development phase of the contract is valued at $28.8 million, and the contract is from the Domestic Nuclear Detection Office of the US Department of Homeland Security.
American Science and Engineering said it received initial funding of $4.3 million from that amount in September, and the incremental funding disclosed today brings the total of incremental funding received so far to $12.9 million.
(By Chris Reidy, Globe staff)
