Smiths just spent 710M for Morpho AND tied up with 1St Detect. I would say THOSE events are more telling than your weak logic. McGann pegged the near term ( 3 year) TAM at 800M...and needless to say- he knows what he is talking about. You doubt who the TSA will spend $162M with...? Who else BUT ISC. The entire NON-ISC ETD fleet gets dumped. You doubt the TSA wants a EDS+ETD solution...? Maybe you should send your little pdf to Smith's and help them out.