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AS&E

Headquarters: 829 Middlesex Turnpike
Billerica, MA 01821
Employees: 410
CEO: Anthony Fabiano
Stock Symbol: ASEI

Website: http://www.as-e.com

Career Site

AS&E, which stands for American Science & Engineering, develops X-ray inspection systems that are used by governments and corporations around the world to combat terrorism, drug and weapons smuggling, illegal immigration, and trade fraud.

The company's patented technology, Z Backscatter, creates photo-like X-ray images revealing the threats that other systems might miss, including explosives, plastic weapons, and drugs.

Other technologies include: ForwardScatter, Shaped Energy, and Radioactive Threat Detection (RTD). These technologies offer superior detection of threats including explosives, liquids, weapons, illegal drugs and other contraband, dirty bombs and nuclear devices.

The company's client base includes the U.S. Department of Homeland Security (including U.S. Customs and Border Protection) and the U.S. Department of Defense, among numerous other federal agencies. International customers include Her Majesty's Customs & Excise (UK), Hong Kong Customs, the Royal Thai Police (Thailand), New Zealand Customs, and the Port of Sokhna (Egypt).

The technology can be used to inspect cargo and vehicles, mail, parcels and baggage as well as people.

For fiscal 2011, AS&E reported revenues of $278.5 million, a 15% increase. Net income was a record $42.8 million.

History

Formed in Cambridge, MA in 1958, AS&E began as a developer of scientific instruments and applications for NASA. In 1959, Dr. Riccardo Giacconi joined AS&E and created an X-ray astronomy team. In the coming decades, Dr. Giacconi's team made a succession of pioneering discoveries and developments in the field of X-ray technology, including the discovery of the first known X-ray source outside the solar system (1962), the first successful soft X-ray photograph of the sun (1965), the launch of the first satellite dedicated completely to X-ray astronomy (1970), and the launch of the Einstein Observatory - world's largest X-ray telescope (1978). Dr. Giacconi's pioneering work at AS&E later earned him the Nobel Prize in Physics.

Benefits

Medical
AS&E employees are offered a comprehensive health care plan designed to provide medical coverage to employees and their families in times of illness, as well as to provide more routine care in times of health.
Dental
Our dental insurance covers a full range of preventive, basic, and restorative services. Employees and their families are eligible for this coverage.
Disability Insurance
AS&E employees are eligible for short- and long-term disability coverage. These plans are designed to defray the financial stress associated with a long absence from work.
Life Insurance
All AS&E employees are automatically covered by life and AD&D insurance. Supplemental life insurance and dependent life insurance are also available as options.
401(k)
Our comprehensive 401(k) plan offers a variety of investment funds. There is a quarterly stock-matching program based on company profitability.
Tuition Reimbursement
AS&E provides eligible employees with 100% tuition reimbursement for approved courses.
Paid Time Off
AS&E employees are given time off through a number of plans: vacation, holiday, sick, and personal time.
Additional Benefits
AS&E also offers travel accident insurance, a flexible spending program, and a variety of other fringe benefits.

Updated May 15, 2011

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