April 1, 2010 (FinancialWire) — FEI Company (NASDAQ: FEIC), a leading diversified scientific instruments company, has filed suit in the United States District Court for the Eastern District of Virginia to collect approximately $2.4 million of receivables it says is owed to FEI by Cambridge Global Systems of Chantilly, VA.

FEI claims that Cambridge Global Systems, a subsidiary of Cambridge Systems, Inc., purchased three systems from FEI on behalf of a U.S. Federal agency and a prime contractor through a set-aside program. FEI has delivered the systems to its end-user customers. The government agency and its contractors have paid Cambridge Global Systems, but Cambridge has not paid FEI.

FEI said it expects to increase its reserve for uncollectible receivables for the full amount of the Cambridge receivable in its first quarter, which ends on April 4, 2010.

FEI (NASDAQ: FEIC) is a leading diversified scientific instruments company that provides electron and ion-beam microscopes and tools for nanoscale applications across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more.

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