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The award appears to be for body scanners for the TSA. That will be a first for ASEI. If I'm not mistaken this is the biggest single contract in the companies history.
Mgt is preparing the PR as we speak. I look forward to Josephines comments and revised earnings estimates and PT.
Grabbed me some OCT 50 calls when this news broke.
elite, thanks for the suggestion.
i bought some OCT 70 calls pretty cheap. I'm surprised the option price was as low as it was considering the pending news.
Sorry for the bad advice I gave you on those calls ebitda. I took a hosing on the 65 strike calls I bought and exercised the 50's. Fridays closing price was ridiculous. ASEI yields 3.2% at that price.
I bought the OCT 50's when the news hit and then bought OCT 65's about a half hour before the close at 3.60 each.
Good luck to both of us.
L3 was just awarded a portion of this $245M contract today.
It was posted a few minutes ago to fedbiz opps website.
Oh chit! That's not good.