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Analogic Corporation Message Board

  • rock12077 rock12077 Jan 22, 2002 10:25 PM Flag

    Did any one see that INVN

    is getting an order from the San Francisco International Airport for 11 new scanners totalling 19.3 million dollars. "San Francisco International Airport is trying to secure explosive detection machines before an ordering rush from other airports. Airport commissioner on teusday agreed to pay 19.3 million for 11 new scanners, and expenditure the airports board of supervisors must also approve. "There will be a tremendous demand for these units," airport spokesman Ron Wilson said. "We want to get ourselves in line." Though the airport has 13 such scanners, it will need 60 more by Dec. 31 to meet new federal deadlines to look for bombs in all luggage. The airport plans to order the scanners from Newark, Calif.- based Invision Technologies Inc., one of two manufacturers approved by the FAA.
    "We are willing to pay these 19 million up front provided we know... they will reimburse us," said Brown who was in Washington for the conference of mayors meeting."
    You can find this news at
    Jump over to INVN, the water is just getting warm.

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    • Why didn't they even mention L3 or ALOG in this press release?

      • 1 Reply to longonsmallcaps
      • <<Why didn't they even mention L3 or ALOG in this press release?>>

        It was an article in a Newspaper from the SF bay area, InVision is from the bay area. It wasn't a press release, it was local news coverage. It was also mentioned in another article a week or two ago.

        The article also said "the purchase is contingent on federal reimbursement and that the FAA has agreed verbally to reimburse the airport for the costs of the machines". I bet they don't run out and spend $19.3 million on a verbal agreement. I also don't believe the FAA will reimburse $1.75 million for each machine when they are paying $1 million for them.

        But we will see.

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