ICx Gets Potential $40M S. Korean Award for Chem/Bio Sensor.

ICx Technologies [ICXT] has received a potential $40 million, multi-year contract from the South Korean military to develop and produce a chemical and biological mass spectrometer for use in military reconnaissance vehicles. The contract is the largest international award ever for ICx. The initial award covers a two-year development effort followed by two procurement phases. Morgan Keegan analyst Brian Ruttenbur says the development effort is worth $2 million. "There is little short term impact from the win, though management reports that this is the largest mass …