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March 29, 2015 1:52 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 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.

Smiths Detection Wins Contract Worth $125 Million

Smiths Detection, part of global technology business Smiths Group, has won a contract worth $125 million to provide a comprehensive range of advanced detection equipment for Abu Dhabi Airport's new terminal. Smiths Detection will equip the terminal's entire hold baggage and passenger screening checkpoints as part of the Midfield Terminal Building Project. The hold baggage systems include the HI-SCAN 10080 XCT, a next generation high speed explosives detection system combining X-ray and Computed Tomography technologies. For carry-on baggage screening, Smiths Detection will deploy its ATIX (Advanced Threat Inspection X-Ray) systems, supported by trace detection sensors, bottle liquid scanners and radiation detectors.

Smiths Detection to Supply Heathrow with Advanced Hold Baggage Scanners

Smiths Detection has won a contract to supply Heathrow Airport with 17 HI-SCAN 10080 XCT scanners, a revolutionary type of X-ray inspection system that checks hold baggage for explosives. The high-speed system that offers X-ray technology and high-resolution 3D computed tomography will be used in this instance to inspect outsize (out-of-gauge) baggage before loading into the aircraft hold. Delivery will begin during the summer of 2015. The HI-SCAN 10080 XCT large tunnel opening facilitates rapid, easy and efficient inspection of all baggage, including oversized objects. Manual checking or the use of other equipment is minimized and it has been specifically developed to be integrated into existing baggage handling systems. A belt speed of 0.5 metres per second enables up to 1,800 bags per hour to be screened. HI-SCAN 10080 XCT has been evaluated by the European Civil Aviation Conference (ECAC) in accordance with Standard 3 and is certified by the US Transportation Security Administration (TSA), fulfilling current regulatory requirements for the security inspection of checked-in baggage. The new Hold Baggage Screening equipment enables Heathrow to be the first UK airport to commit to meeting the new European regulation.

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