BILLERICA, Mass. – September 26, 2011 – American Science and Engineering, Inc., a leading worldwide supplier of innovative X-ray detection solutions, announced today that Fortune Magazine has named the Company to its annual 100 Fastest-Growing Companies list, ranking it 60th in profit growth. AS&E is one of only four Massachusetts companies to make the list.
Fortune Magazine ranked companies publicly traded on a major U.S. stock exchange based on revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 30, 2011. Additional list criteria can be found here.
"AS&E’s world class X-ray detection solutions have become a critical security component for ports, borders, military, high threat facilities and law enforcement worldwide," said Anthony Fabiano, AS&E’s President and CEO. "This ranking by Fortune Magazine highlights the global demand for our products to meet our customers’ real-world detection requirements with our unique technology."
Earlier this year, AS&E was named to the Boston Globe’s annual Globe 100 list of Top-Performing Massachusetts publicly held companies for the sixth year in a row, ranking 6th in the Growth 50 list and 24th in the overall ranking.