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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.
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BUSINESS
February 15, 2005 | From Bloomberg News
General Electric Co.'s InVision unit, the biggest U.S. maker of bomb-detection machines, agreed Monday to pay about $1.12 million to settle allegations that it made illegal payments to foreign government officials before GE bought the company. Under the settlement with the Securities and Exchange Commission, Newark, Calif.-based InVision neither admits nor denies wrongdoing, the regulatory agency said in a statement.
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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 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
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
July 31, 2004 | From Times Staff and Wire Reports
Bomb-detection equipment maker InVision Technologies Inc. disclosed Friday that it may face two federal investigations, threatening its pending $900-million acquisition by General Electric Co. InVision, based in Newark, Calif., said the Department of Justice and the Securities and Exchange Commission may launch investigations after the company's own inquiry turned up possible improper payments by distributors in connection with sales outside the U.S.
BUSINESS
March 16, 2004 | Alex Pham, Times Staff Writer
Less than a week after coordinated bombings in Spain heightened fears of terrorist attacks, the world's biggest maker of bomb-detection machines for airports agreed Monday to be purchased by General Electric Co. for $900 million in cash. InVision Technologies Inc., based in Newark, Calif., would become a cornerstone of GE's 2-year-old security business, which builds video surveillance systems and devices to detect explosive materials, company executives 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
July 31, 2004 | From Times Staff and Wire Reports
Bomb-detection equipment maker InVision Technologies Inc. disclosed Friday that it may face two federal investigations, threatening its pending $900-million acquisition by General Electric Co. InVision, based in Newark, Calif., said the Department of Justice and the Securities and Exchange Commission may launch investigations after the company's own inquiry turned up possible improper payments by distributors in connection with sales outside the U.S.
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
March 16, 2004 | Alex Pham, Times Staff Writer
Less than a week after coordinated bombings in Spain heightened fears of terrorist attacks, the world's biggest maker of bomb-detection machines for airports agreed Monday to be purchased by General Electric Co. for $900 million in cash. InVision Technologies Inc., based in Newark, Calif., would become a cornerstone of GE's 2-year-old security business, which builds video surveillance systems and devices to detect explosive materials, company executives said.
BUSINESS
September 23, 2002 | JOSEPH MENN, TIMES STAFF WRITER
When the stock markets reopened after terrorists struck America's financial center on Sept. 11, a few investors showed their patriotism by buying shares in such hard-hit companies as airlines and hotel firms. Others demonstrated a more opportunistic approach: They snapped up stocks in firms selling airport bomb-detection gear, data-recovery services and biometric systems used to verify identities through fingerprints or facial characteristics.
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
September 23, 2002 | JOSEPH MENN, TIMES STAFF WRITER
When the stock markets reopened after terrorists struck America's financial center on Sept. 11, a few investors showed their patriotism by buying shares in such hard-hit companies as airlines and hotel firms. Others demonstrated a more opportunistic approach: They snapped up stocks in firms selling airport bomb-detection gear, data-recovery services and biometric systems used to verify identities through fingerprints or facial characteristics.
BUSINESS
February 15, 2005 | From Bloomberg News
General Electric Co.'s InVision unit, the biggest U.S. maker of bomb-detection machines, agreed Monday to pay about $1.12 million to settle allegations that it made illegal payments to foreign government officials before GE bought the company. Under the settlement with the Securities and Exchange Commission, Newark, Calif.-based InVision neither admits nor denies wrongdoing, the regulatory agency said in a statement.
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
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.
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