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American Science and Engineering

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uuid002raay

Namestring
American Science and Engineering
Legal namestring
Rapiscan Systems, Inc.
Websiteurl
as-e.com
Company typeenum
Public
Founded yearint
1958
Descriptiontext

American Science and Engineering (AS&E), founded in 1958 and headquartered in Billerica, Massachusetts, operates today as Rapiscan AS&E, a division of Rapiscan Systems, Inc., which is in turn a wholly-owned subsidiary of OSI Systems (NASDAQ: OSIS). The company designs and manufactures advanced security inspection systems that combine X-ray imaging (proprietary Z Backscatter and dual-energy transmission technologies), spectroscopic radiation detection, and optical inspection (undercarriage scanning, facial recognition, license plate/container code reading) into integrated screening platforms for vehicles, cargo, and personnel. Its product portfolio spans portal, gantry, mobile, trailer, rail, handheld, and software-based systems sold under the CARVIEW, EAGLE, ZBV, MINI Z, GUARDIAN, GATEKEEPER, and INSIGHT brands, with the INSIGHT suite applying AI/ML-based computer vision to assist operators in interpreting X-ray images.

The company's revenue model is anchored in direct enterprise sales to government and defense buyers — including customs and border protection agencies, military commands, port authorities, critical infrastructure operators, and law enforcement organizations — supplemented by recurring services revenue from installation, training, field maintenance, and managed screening operations (delivered through the S2 Global sub-brand). Pricing is quote-based and tied to government procurement contracts, with four discrete contract awards disclosed in 2026 alone totaling approximately $319 million (a $235 million Homeland Defense contract in April 2026, a $50 million services order in June 2026, a $19 million non-intrusive inspection deployment order in June 2026, and a $15 million cargo and vehicle inspection order in May 2026). Customer concentration is essentially total within the government and defense vertical, with named end-users drawn exclusively from public-sector security, customs, military, and law enforcement segments.

AS&E competes in structurally expanding end markets — the global airport security market is forecast to grow from $16.34 billion in 2025 to $37.84 billion in 2035 (8.8% CAGR), and the vehicle inspection system market from $1.85 billion in 2024 to $3.15 billion in 2032 (6.3% CAGR) — with North America holding roughly 34% of the airport security market. The original NASDAQ:ASEI listing has been delisted following integration into the OSI Systems parent structure.

Short descriptiontext

Rapiscan AS&E (formerly American Science and Engineering), a division of OSI Systems, designs advanced X-ray, radiation detection, and optical inspection systems for vehicle, cargo, and personnel screening, sold primarily to government, defense, customs, and critical infrastructure customers globally.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersBillerica, United States
HQ citystring
Billerica
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
X-ray inspection systems, radiation detection equipment, security screening technology, cargo and vehicle inspection, threat detection systems
Industry3 codes
1Radiation Detection Instruments & Systems (Portal monitors, spectrometers, contamination monitors)
CodeEUAKAIAKPrimaryYes
2Industrial Vision & Quality Inspection
CodeHDAAAEAGPrimaryNo
3Nonproliferation Technology & Detection (radiation portal monitors, RPMs, spectroscopy, forensics)
CodeEUAKAJAGPrimaryNo
NAICS code3 codes
  • Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing334511
  • Irradiation Apparatus Manufacturing334517
  • Security Systems Services (except Locksmiths)561621
SIC code4 codes
  • X-Ray Apparatus & Tubes & Related Irradiation Apparatus3844
  • Search, Detection, Navagation, Guidance, Aeronautical Sys3812
  • Optical Instruments & Lenses3827
  • Industrial Instruments For Measurement, Display, And Control3823
Product category
Security Inspection and Screening Equipment
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Security Inspection Systems Hardware
TypeHardware Sales
Description

Sale of X-ray inspection systems, radiation detection equipment, and optical inspection solutions. Products sold include portal, gantry, mobile, trailer, and rail-mounted systems for cargo and vehicle screening.

rapiscan-ase.com
2Services and Support
TypeProfessional Services
Description

Field service offerings, training programs, and managed services for screening operations. Includes technical support, preventative maintenance, and operator training.

rapiscan-ase.com
3Cybersecurity Solutions
TypeHardware Sales
Description

Cybersecurity offerings for airport and critical infrastructure protection, addressing digital threats to security systems.

openpr.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 7 records shown
1Rapiscan
Description

Primary brand for X-ray inspection, radiation detection, and optical inspection security systems

rapiscan-ase.com
+6 more records
Core offering1 text field

American Science and Engineering, operating as Rapiscan AS&E, manufactures and sells advanced security inspection systems combining X-ray imaging, radiation detection, and optical inspection technologies. Its portfolio includes portal, gantry, mobile, trailer, rail, and handheld X-ray systems (Z Backscatter and transmission), the Guardian radiation detection family, and the Gatekeeper optical inspection product line. The company also offers the INSIGHT AI-powered operator assist software, field service, training, and managed screening services to government and defense customers worldwide.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Multi-technology integrated checkpoint solutions combining intelligent optical inspection, non-intrusive X-ray inspection, and automatic radiation detection
Product overview1 text field

American Science and Engineering (AS&E), operating as Rapiscan AS&E, offers a comprehensive security inspection portfolio organized into three core technology pillars: X-ray Inspection systems, Radiation Detection equipment, and Optical Inspection solutions. The X-ray lineup includes portal, gantry, mobile, trailer, rail, and handheld systems under the CARVIEW and EAGLE brands, utilizing transmission and Z Backscatter imaging technologies. The GUARDIAN radiation detection family covers portal monitors (vehicle, pedestrian, spectroscopic), conveyor monitors, mobile monitors, handheld detectors, and industrial/area monitoring. The GATEKEEPER optical inspection portfolio includes undercarriage inspection systems (IVUS, ITUS), facial recognition (IVOD, IVOC), vehicle identification (ILPA, IVCA), container code reading (ISCD), and QR/RFID readers. The INSIGHT AI-powered operator assist software integrates across X-ray systems to enhance threat detection. Solutions span markets including ports, borders, critical infrastructure, event security, law enforcement, military, air cargo, steel and scrap, and industrial sectors, with managed services available through S2 Global.

Product and service1 record
1CARVIEW
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Peers10 records
TypeDirect peer
Description

Smiths Detection is the leading global competitor in X-ray and trace detection security inspection for airports, ports, and borders, with a comparable portfolio of cargo, checkpoint, and hold-baggage screening systems directly overlapping AS&E's Eagle, ZBV, and CARVIEW product lines.

TypeBroad incumbent
Description

Leidos provides large-scale security screening services and technology to U.S. government agencies including TSA, CBP, and the DoD, operating as both a systems integrator and detection-technology provider that competes with AS&E for federal security inspection contracts.

TypeBroad incumbent
Description

L3Harris is a large defense prime offering integrated security and detection solutions including checkpoint screening, cargo inspection, and force protection systems, competing with AS&E in U.S. government and military security programs as part of a much broader defense electronics portfolio.

TypeBroad incumbent
Description

Thales provides integrated airport, border, and critical infrastructure security solutions including X-ray screening, biometrics, and command-and-control systems, with direct overlap to AS&E's Gatekeeper optical and Eagle X-ray inspection offerings.

TypeDirect peer
Description

Mirion Technologies specializes in radiation detection, monitoring, and nuclear safeguards instrumentation, directly competing with AS&E's Guardian portal monitors, spectroscopic detectors, and steel/scrap radiation monitoring products.

TypeRegional player
Description

Chemring Group is a UK-based defense and security company providing detection, countermeasures, and EOD equipment, with comparable CBRN and threat detection products sold into NATO and Five Eyes markets that overlap with AS&E's Guardian radiation detection line.

TypeDirect peer
Description

Nuctech is a China-based direct competitor offering X-ray, cargo, and vehicle inspection systems for customs, ports, and critical infrastructure globally, with overlapping product categories and competing aggressively in emerging markets and Belt-and-Road deployments.

TypeBroad incumbent
Description

Teledyne FLIR supplies thermal imaging, CBRN detection, and surveillance systems to defense, homeland security, and critical infrastructure customers, with adjacent product overlap to AS&E's Gatekeeper optical inspection and threat detection portfolio.

TypeDirect peer
Description

Astrophysics Inc. manufactures X-ray inspection systems for cargo, vehicles, and containers used at ports, borders, and military checkpoints, directly competing with AS&E's Eagle and Z Portal product lines in the non-intrusive inspection market.

TypeDirect peer
Description

CEIA is an Italian manufacturer of metal detection and electromagnetic inspection equipment for security screening, complementing AS&E's checkpoint offerings and competing in pedestrian and parcel screening use cases.

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment8 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

American Science and Engineering

Security Inspection and Screening Equipmentas-e.com

Rapiscan AS&E (formerly American Science and Engineering), a division of OSI Systems, designs advanced X-ray, radiation detection, and optical inspection systems for vehicle, cargo, and personnel screening, sold primarily to government, defense, customs, and critical infrastructure customers globally.

What American Science and Engineering does

American Science and Engineering (AS&E), founded in 1958 and headquartered in Billerica, Massachusetts, operates today as Rapiscan AS&E, a division of Rapiscan Systems, Inc., which is in turn a wholly-owned subsidiary of OSI Systems (NASDAQ: OSIS). The company designs and manufactures advanced security inspection systems that combine X-ray imaging (proprietary Z Backscatter and dual-energy transmission technologies), spectroscopic radiation detection, and optical inspection (undercarriage scanning, facial recognition, license plate/container code reading) into integrated screening platforms for vehicles, cargo, and personnel. Its product portfolio spans portal, gantry, mobile, trailer, rail, handheld, and software-based systems sold under the CARVIEW, EAGLE, ZBV, MINI Z, GUARDIAN, GATEKEEPER, and INSIGHT brands, with the INSIGHT suite applying AI/ML-based computer vision to assist operators in interpreting X-ray images.

The company's revenue model is anchored in direct enterprise sales to government and defense buyers — including customs and border protection agencies, military commands, port authorities, critical infrastructure operators, and law enforcement organizations — supplemented by recurring services revenue from installation, training, field maintenance, and managed screening operations (delivered through the S2 Global sub-brand). Pricing is quote-based and tied to government procurement contracts, with four discrete contract awards disclosed in 2026 alone totaling approximately $319 million (a $235 million Homeland Defense contract in April 2026, a $50 million services order in June 2026, a $19 million non-intrusive inspection deployment order in June 2026, and a $15 million cargo and vehicle inspection order in May 2026). Customer concentration is essentially total within the government and defense vertical, with named end-users drawn exclusively from public-sector security, customs, military, and law enforcement segments.

AS&E competes in structurally expanding end markets — the global airport security market is forecast to grow from $16.34 billion in 2025 to $37.84 billion in 2035 (8.8% CAGR), and the vehicle inspection system market from $1.85 billion in 2024 to $3.15 billion in 2032 (6.3% CAGR) — with North America holding roughly 34% of the airport security market. The original NASDAQ:ASEI listing has been delisted following integration into the OSI Systems parent structure.

American Science and Engineering firmographics

Firmographics
Name
American Science and Engineering
Legal name
Rapiscan Systems, Inc.
Website
https://as-e.com
Company type
Public
Founded year
1958
Operating status
Operating
Headcount range
251–500 employees
Short description
Rapiscan AS&E (formerly American Science and Engineering), a division of OSI Systems, designs advanced X-ray, radiation detection, and optical inspection systems for vehicle, cargo, and personnel screening, sold primarily to government, defense, customs, and critical infrastructure customers globally.
Ownership category
akta.pro rank

American Science and Engineering industry classification

Industry
Product category
Security Inspection and Screening Equipment
NAICS
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Irradiation Apparatus Manufacturing (334517), Security Systems Services (except Locksmiths) (561621)
SIC
X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Optical Instruments & Lenses (3827), Industrial Instruments For Measurement, Display, And Control (3823)
akta.pro primary industry
Radiation Detection Instruments & Systems (Portal monitors, spectrometers, contamination monitors) (EUAKAIAK)
akta.pro secondary industries
Industrial Vision & Quality Inspection (HDAAAEAG), Nonproliferation Technology & Detection (radiation portal monitors, RPMs, spectroscopy, forensics) (EUAKAJAG)

Keywords

  • X-ray inspection systems
  • Radiation detection equipment
  • Security screening technology
  • Cargo and vehicle inspection
  • Threat detection systems

Where American Science and Engineering is headquartered

Location

Headquarters

HQ city
Billerica
HQ country
United States
HQ region
North America

Markets served

American Science and Engineering business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

  1. Security Inspection Systems Hardware: Sale of X-ray inspection systems, radiation detection equipment, and optical inspection solutions. Products sold include portal, gantry, mobile, trailer, and rail-mounted systems for cargo and vehicle screening.
  2. Services and Support: Field service offerings, training programs, and managed services for screening operations. Includes technical support, preventative maintenance, and operator training.
  3. Cybersecurity Solutions: Cybersecurity offerings for airport and critical infrastructure protection, addressing digital threats to security systems.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

American Science and Engineering product offering

Product offering

Core offering

American Science and Engineering, operating as Rapiscan AS&E, manufactures and sells advanced security inspection systems combining X-ray imaging, radiation detection, and optical inspection technologies. Its portfolio includes portal, gantry, mobile, trailer, rail, and handheld X-ray systems (Z Backscatter and transmission), the Guardian radiation detection family, and the Gatekeeper optical inspection product line. The company also offers the INSIGHT AI-powered operator assist software, field service, training, and managed screening services to government and defense customers worldwide.

Product overview

American Science and Engineering (AS&E), operating as Rapiscan AS&E, offers a comprehensive security inspection portfolio organized into three core technology pillars: X-ray Inspection systems, Radiation Detection equipment, and Optical Inspection solutions. The X-ray lineup includes portal, gantry, mobile, trailer, rail, and handheld systems under the CARVIEW and EAGLE brands, utilizing transmission and Z Backscatter imaging technologies. The GUARDIAN radiation detection family covers portal monitors (vehicle, pedestrian, spectroscopic), conveyor monitors, mobile monitors, handheld detectors, and industrial/area monitoring. The GATEKEEPER optical inspection portfolio includes undercarriage inspection systems (IVUS, ITUS), facial recognition (IVOD, IVOC), vehicle identification (ILPA, IVCA), container code reading (ISCD), and QR/RFID readers. The INSIGHT AI-powered operator assist software integrates across X-ray systems to enhance threat detection. Solutions span markets including ports, borders, critical infrastructure, event security, law enforcement, military, air cargo, steel and scrap, and industrial sectors, with managed services available through S2 Global.

Differentiator

Problem solved

Functional benefit

Brands

  • Rapiscan: Primary brand for X-ray inspection, radiation detection, and optical inspection security systems
  • AS&E (American Science and Engineering)
  • Gatekeeper
  • Guardian
  • Eagle
  • INSIGHT
  • S2 Global

Products and services

  • CARVIEW

Quantifiable outcome

  • Multi-technology integrated checkpoint solutions combining intelligent optical inspection, non-intrusive X-ray inspection, and automatic radiation detection

Companies that use American Science and Engineering

Customer profile

Named customers4 records

Segments8 records

Ideal customer profiles5 records

American Science and Engineering technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

American Science and Engineering partnerships and signals

Strategic signal

Scale indicators9 records

Recent moves6 records

American Science and Engineering competitors and assessment

Company assessment

Direct peers

  • Smiths Detection: Smiths Detection is the leading global competitor in X-ray and trace detection security inspection for airports, ports, and borders, with a comparable portfolio of cargo, checkpoint, and hold-baggage screening systems directly overlapping AS&E's Eagle, ZBV, and CARVIEW product lines.
  • Mirion Technologies: Mirion Technologies specializes in radiation detection, monitoring, and nuclear safeguards instrumentation, directly competing with AS&E's Guardian portal monitors, spectroscopic detectors, and steel/scrap radiation monitoring products.
  • Nuctech: Nuctech is a China-based direct competitor offering X-ray, cargo, and vehicle inspection systems for customs, ports, and critical infrastructure globally, with overlapping product categories and competing aggressively in emerging markets and Belt-and-Road deployments.
  • Astrophysics Inc. Astrophysics Inc. manufactures X-ray inspection systems for cargo, vehicles, and containers used at ports, borders, and military checkpoints, directly competing with AS&E's Eagle and Z Portal product lines in the non-intrusive inspection market.
  • CEIA: CEIA is an Italian manufacturer of metal detection and electromagnetic inspection equipment for security screening, complementing AS&E's checkpoint offerings and competing in pedestrian and parcel screening use cases.

Broad incumbents

  • Leidos: Leidos provides large-scale security screening services and technology to U.S. government agencies including TSA, CBP, and the DoD, operating as both a systems integrator and detection-technology provider that competes with AS&E for federal security inspection contracts.
  • L3Harris Technologies: L3Harris is a large defense prime offering integrated security and detection solutions including checkpoint screening, cargo inspection, and force protection systems, competing with AS&E in U.S. government and military security programs as part of a much broader defense electronics portfolio.
  • Thales Group: Thales provides integrated airport, border, and critical infrastructure security solutions including X-ray screening, biometrics, and command-and-control systems, with direct overlap to AS&E's Gatekeeper optical and Eagle X-ray inspection offerings.
  • Teledyne FLIR: Teledyne FLIR supplies thermal imaging, CBRN detection, and surveillance systems to defense, homeland security, and critical infrastructure customers, with adjacent product overlap to AS&E's Gatekeeper optical inspection and threat detection portfolio.

Regional players

  • Chemring Group: Chemring Group is a UK-based defense and security company providing detection, countermeasures, and EOD equipment, with comparable CBRN and threat detection products sold into NATO and Five Eyes markets that overlap with AS&E's Guardian radiation detection line.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

American Science and Engineering social profiles

Digital presence

American Science and Engineering financial estimates

Financial estimate

Revenue estimate

Valuation estimate

American Science and Engineering leadership team

Management profile

Number of profiles

Profiles1 record

American Science and Engineering subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

American Science and Engineering funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

American Science and Engineering M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Science and Engineering

What does American Science and Engineering do?

American Science and Engineering, operating as Rapiscan AS&E, manufactures and sells advanced security inspection systems combining X-ray imaging, radiation detection, and optical inspection technologies. Its portfolio includes portal, gantry, mobile, trailer, rail, and handheld X-ray systems (Z Backscatter and transmission), the Guardian radiation detection family, and the Gatekeeper optical inspection product line. The company also offers the INSIGHT AI-powered operator assist software, field service, training, and managed screening services to government and defense customers worldwide.

Is American Science and Engineering a public or private company?

American Science and Engineering is a public company. It is classified as corporate owned and is currently operating.

When was American Science and Engineering founded?

American Science and Engineering was founded in 1958. It employs 251 to 500 people.

Where is American Science and Engineering based?

American Science and Engineering is headquartered in Billerica, United States, in the North America region.

How does American Science and Engineering make money?

Three revenue lines are on record. Security Inspection Systems Hardware is the primary driver. The others are services and Support and cybersecurity Solutions.

Who are American Science and Engineering's main competitors?

Direct peers on record are Smiths Detection, Mirion Technologies, Nuctech, Astrophysics Inc. and CEIA. Broad incumbents are Leidos, L3Harris Technologies, Thales Group and Teledyne FLIR. Chemring Group is listed as a regional player.

Does American Science and Engineering have an API?

No public API is recorded for American Science and Engineering.

What industry is American Science and Engineering in?

American Science and Engineering's product category is Security Inspection and Screening Equipment. Its primary akta.pro industry code is EUAKAIAK, Radiation Detection Instruments & Systems (Portal monitors, spectrometers, contamination monitors), with a secondary code of HDAAAEAG, Industrial Vision & Quality Inspection. Its NAICS code is 334511 and its SIC code is 3844.

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Live signals
PR NewswireGlobal Security Screening Systems Markets, 2011-2018 & 2019-2024The global security screening systems market was valued at US$ 7.9 billion in 2018 and is projected to reach US$ 12.2 billion by 2024, growing at a compound annual growth rate of 7.5% during 2019–2024. Key drivers of market growth include increasing terrorist threats worldwide, expansion of the information technology sector requiring enhanced identity protection, stringent government safety policies, and technological advancements such as CT scanners, biometric systems, and smart scanning solutions. The report identifies key industry players including American Science and Engineering, OSI Systems, Safran SA, and Smithsgroup PLC among others.PR NewswireGlobal Air Cargo Security and Screening Systems Market to 2023 by Technology, Size of Screening Systems, Application, Manufacturing Process & RegionResearch and Markets has added a new industry report forecasting the global air cargo security and screening systems market to reach US$ 794 Million by 2023, growing at a CAGR of around 5% from 2018 to 2023. The report identifies key technologies such as X-ray, ETD, and EDS systems as critical for handling increased cargo volumes and mitigating security threats like explosives and contraband. It outlines the competitive landscape featuring major players including Rapiscan Systems, Morpho Detection, and American Science and Engineering.PR NewswireAirport Security Market Report 2016-2026: Forecasts & Analysis of Top Aviation Security Companies Providing Passenger, Baggage & Cargo Screening, Surveillance & Monitoring, Perimeter Security & AccessVisiongain has released a market research report forecasting the global airport security market to reach $9.3 billion in 2016, driven by commercial air transport growth and new regulatory requirements. The study analyzes trends from 2016 to 2026, profiling 12 key industry players including American Science & Engineering, Analogic Corporation, and G4S plc across regions such as Asia Pacific, Europe, and North America.GlobeNewswireOSI Systems Reports First Quarter Fiscal 2017 Financial ResultsOSI Systems reported Q1 fiscal 2017 revenue of $220.9 million, up 10% year-over-year, with diluted EPS of $0.03. The company raised its FY2017 revenue guidance to $955–$990 million and non-GAAP EPS guidance to $2.80–$3.20 per diluted share. It also completed its acquisition of American Science and Engineering.GlobeNewswireAmerican Science and Engineering, Inc. Reports Results for First Quarter Fiscal Year 2017American Science and Engineering reported Q1 FY2017 revenues of $28.2 million and net income of $0.1 million, down from $31.4 million and a $0.5 million loss in the prior year. The company also reported a $2.8 million charge related to its proposed merger with OSI Systems, valued at $269 million, with a shareholder vote scheduled for August 31, 2016.PR NewswireSHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of American Science and Engineering, Inc. (ASEI) Over the Proposed Sale of the Company to OSI SystemsFaruqi & Faruqi, LLP announced an investigation into American Science and Engineering, Inc.'s Board of Directors regarding the proposed sale of the company to OSI Systems, Inc. for approximately $269 million. The investigation centers on potential breaches of fiduciary duties, alleging the $37.00 per share offer undervalues the company compared to its 52-week high of $46.46 per share.PR NewswireAmerican Science and Engineering Inc. Acquisition May Not Be in the Best Interests of ASEI ShareholdersWeissLaw LLP announced on June 24, 2016 that it is investigating American Science and Engineering Inc. for potential breaches of fiduciary duty in connection with OSI Systems Inc.'s proposed $187 million acquisition of the company. The law firm cited concerns that ASEI shareholders are being offered $37.00 per share, which is below both the January 2016 trading price of $40.77 and the 52-week high of $46.46, suggesting potential undervaluation. The investigation is examining whether ASEI's board acted to maximize shareholder value prior to entering into the agreement.PR NewswireRyan & Maniskas, LLP Announces Investigation of American Science & Engineering Inc.Ryan & Maniskas, LLP announced an investigation into the board of directors of American Science & Engineering Inc. (AS&E) regarding the company's proposed sale to OSI Systems, Inc. for approximately $269 million. The law firm is examining potential breaches of fiduciary duty and violations of state law in connection with the sale process, specifically whether the board acted in shareholders' best interests. Under the proposed terms, AS&E shareholders would receive $37.00 in cash per share.PR NewswireINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Into the Fairness of the Sale of American Science and Engineering, Inc. to OSI Systems, Inc. for $37.00 Per Share - ASEILevi & Korsinsky, LLP has initiated an investigation into the fairness of American Science and Engineering's sale to OSI Systems for $37.00 per share. The law firm is notifying shareholders who purchased ASEI stock prior to June 21, 2016 about their potential rights regarding this transaction.PR NewswireAMERICAN SCIENCE (ASEI) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of American Science and Engineering, Inc.; Are Shareholders GettiShareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board of American Science and Engineering breached fiduciary duties in connection with its proposed acquisition by OSI Systems at $37.00 per share in cash. The investigation questions whether the deal price is adequate given American Science's strong balance sheet with no long-term debt and over $80 million in cash, with the company's 52-week stock high standing at $46.46. The firm is examining whether the board adequately pursued alternatives and obtained the best possible price for shareholders.