Aerospace Group:

Earnings News & Notes

By Cal Biesecker

Tuesday, February 9th, 2016

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American Science & Engineering [ASEI] 3Q16 3Q15Sales $22.2M $37MNet Inc. (500K, 0.06) $2.6M, 0.32Sales fell 39% mainly on big declines in revenue from mobile cargo and cargo screening systems that company President and CEO Chuck Dougherty attributed to “continuing regional volatility and falling oil prices in strategic end-markets, which caused delays in new orders and in shipment of backlog orders.” The sales breakout by product line is cargo systems ($2.6 million), mobile cargo systems ($2.7 million), parcel and personnel systems…

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