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December 27, 1996 | Times Staff and Wire Reports
InVision Technologies Inc. won a $52.2-million Federal Aviation Administration contract to provide sophisticated explosives-detection systems to U.S. airports. Foster City-based InVision will provide 54 of its CTX-5000 SP explosives detectors to the FAA within a year for use in the nation's largest and busiest airports, the agency said. The FAA has an option to buy more of the devices in the second year of the contract, raising its potential value to $102.2 million.
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BUSINESS
July 16, 2002 | Bloomberg News
Shares of InVision Technologies Inc., one of two government-certified makers of machines that screen baggage for explosives, rose 11% after second-quarter profit topped forecasts. Profit rose to 48 cents a share from 1 cent in the year-earlier quarter. InVision had been expected to earn 33 cents. The company plans to release full results July 23. The stock has risen more than eightfold since Sept. 11 on expectations sales would surge after the terrorist attacks. Shares rose $2.77 to $27.
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BUSINESS
July 16, 2002 | Bloomberg News
Shares of InVision Technologies Inc., one of two government-certified makers of machines that screen baggage for explosives, rose 11% after second-quarter profit topped forecasts. Profit rose to 48 cents a share from 1 cent in the year-earlier quarter. InVision had been expected to earn 33 cents. The company plans to release full results July 23. The stock has risen more than eightfold since Sept. 11 on expectations sales would surge after the terrorist attacks. Shares rose $2.77 to $27.
BUSINESS
December 27, 1996 | Times Staff and Wire Reports
InVision Technologies Inc. won a $52.2-million Federal Aviation Administration contract to provide sophisticated explosives-detection systems to U.S. airports. Foster City-based InVision will provide 54 of its CTX-5000 SP explosives detectors to the FAA within a year for use in the nation's largest and busiest airports, the agency said. The FAA has an option to buy more of the devices in the second year of the contract, raising its potential value to $102.2 million.
BUSINESS
May 5, 2004
* David R. Whitwam, 62, will retire at the end of June after 17 years as Whirlpool Corp.'s chairman and chief executive, the company said. Jeff M. Fettig, 47, president and chief operating officer, will take over as chairman and CEO. * InVision Technologies Inc. said it had received a request for more information from the Federal Trade Commission regarding General Electric Co.'s proposed $900-million acquisition of the company.
BUSINESS
August 26, 2004 | From Reuters
Bomb-detection equipment made by L-3 Communications Holdings Inc. and InVision Technologies Inc. to check passenger luggage will be part of a federal pilot program for testing commercial airliner cargo at a select number of airports, the companies said. Most baggage is screened for explosives on passenger planes, but loose commercial cargo items such as manufactured components, individual packages and small parcels are not, leading to calls for additional screening. L-3 shares rose $1.27 to $61.
BUSINESS
November 14, 1996 | Times Staff and Wire Reports
InVision Technologies Inc. said it will team up with EG&G Inc.'s Astrophysics Research Corp. unit to integrate their two bomb-detection systems. Wellesley, Mass.-based EG&G will invest $2 million in InVision in return for 91,885 InVision common shares, and the two companies will enter into a joint sales and marketing agreement. Foster City, Calif.-based InVision makes a device called a CTX 5000 that uses computer tomography to peer inside luggage. EG&G makes an X-ray system called Z-Scan.
BUSINESS
March 18, 2004 | From Bloomberg News
The Securities and Exchange Commission is investigating alleged insider trading in InVision Technologies Inc.'s call options in the days before General Electric Co. agreed to buy the company for $900 million. The U.S. District Court for the Southern District of New York issued a temporary restraining order at the SEC's request Tuesday, freezing $2 million of assets of "unknown purchasers" of call options on InVision shares, the SEC said.
BUSINESS
November 2, 2004 | From Bloomberg News
General Electric Co. agreed Monday to delay until Dec. 27 its purchase of InVision Technologies Inc. while federal agencies look into InVision's disclosure of possible improper payments. GE agreed in March to buy InVision, the biggest supplier of bomb-detection machines for U.S. airports, for $900 million to expand its security product line. The agreement expired Sunday. InVision, based in Newark, Calif.
BUSINESS
December 7, 2004 | From Bloomberg News
InVision Technologies Inc., the top U.S. supplier of airport bomb-detection machines, said it reached agreement with the U.S. Department of Justice in a criminal probe, allowing General Electric Co. to complete its $900-million purchase of the company Monday.
BUSINESS
September 18, 2001 | Dave Wilson and Karen Kaplan
Investors bet that heightened concern about safety all over the world would boost the bottom line for companies that offer security products or services. Some companies saw their stock price more than double. Shares of Invision Technologies Inc., a maker of explosive-detection systems, rose $5.14, or 165%, to $8.25. American Science & Engineering Inc., which makes X-ray inspection products, saw its stock price rise almost 98%, up $5.61 to $11.36. Magal Security Systems Ltd.
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