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April 25, 2015 5:52 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Smiths Detection, Inc.

Company Overview

Smiths Detection, Inc. develops threat detection equipment and screening technologies for military, transportation, homeland security, and resilience applications. It offers biological agent detection equipment, chemical agents detection equipment, chemical identification, explosives detection liquids, explosives/narcotics trace detection, integrated systems, metal detection equipment, people screening systems, radiation detection equipment, security checkpoint solutions, and X-ray inspection products. The company’s products are used to detect and identify chemical, biological, radiological, narcotics, nuclear and explosive materials, contraband and dangerous materials, or illegal materials....

21 Commerce Drive

Danbury, CT 06810

United States

Founded in 1987

Phone:

203-207-9700

Fax:

203-207-9780

Key Executives for Smiths Detection, Inc.

Finance Director
Vice President of Global Operations
Chief Executive of Smiths Group
Age: 61
President of Military
Chief Technology Officer
Compensation as of Fiscal Year 2014.

Smiths Detection, Inc. Key Developments

Smiths Detection Wins Contract for Checkpoint Security Upgrades at U.K. Airport

Smiths Detection has won a contract to provide new screening technology at the aviation security checkpoint at London Luton Airport in Britain. Smiths Detection will provide the airport with its HI-SCAN 6040-2is dual view X-Ray systems for screening carry-on bags and its Checkpoint.Evo networked checkpoint system. Checkpoint.Evo software links individual X-Ray systems into a fully networked system, enabling centralized remote screening and management to achieve operational efficiencies. This is the first deployment of Checkpoint.Evo in Europe for regular security operations. The security purchases are part of a $149 million redevelopment upgrade at the airport, which includes deployment of a rapid tray return system supplied by Herbert Systems.

Smiths Detection to Supply Paraguay with Mobile Inspection Systems

Smiths Detection announced it has won a contract to provide low and high-energy mobile inspection systems to the Paraguayan Customs Service. The company will supply an HCVMe35 high energy X-Ray system for screening vehicles and cargo and its low-energy ScanVan 8585 mobile checkpoint to screen small packages and goods. The contract, the value of which was not disclosed, also includes technical support and a multi-year warranty. The HCVMe35 is the third system of its kind to be purchased by Paraguayan Customs. Smiths Detection won the order through its local partner Grupo Empresarial Preventec S.A.

Smiths Detection Announces Unaudited Earnings Results for the Six Months Ended January 31, 2015; Provides Earnings Guidance for the Second Half and Fiscal Year 2016

Smiths Detection announced unaudited earnings results for the six months ended January 31, 2015. For the period, the company reported revenue of £231 million, headline operating profit of £24 million, operating profit of £14 million against revenue of £251 million, headline operating profit of £30 million, operating profit of £28 million for the same period a year ago. Return on capital employed was 3.1% against 8.6% a year ago. Revenue fell 5% on an underlying basis, due partly to delays in a number of major programmes. Weakness in transportation and ports & borders was only partially offset by an encouraging performance in critical infrastructure. Headline operating profit declined 14% underlying, driven by lower sales volumes and continued competitive pricing pressure in some end use markets and business mix.   The rate of sales decline seen in the first half is likely to persist during the second half.  However, recent contract wins and the strengthening order book are expected to support increased revenue in fiscal year 2016.  Headline operating margins should improve in the second half against a comparator period affected by one-off costs. Excluding these one-off costs, like-for-like margins in the second half will continue to be relatively soft in some markets, partially offset by the benefits of the cost reduction initiatives. Margins in the medium term are expected to improve as the product initiatives such as value engineering and other cost savings take effect.

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