FTSE 100 engineering company has provided technology used by NASA’s Mars rover on the red planet
(Picture: (NASA/JPL-Caltech/MSSS))Surging profits at Smiths Group sent shares in the FTSE 100 engineering and technology company to the top of the London stock index’s leaderboard on Friday.
The St James’s square-based maker of airport security scanners and fuel manifolds used by NASA reported revenue of over £2.5 billion, up almost 4%. Pre-tax profit crossed above £1 billion. It also lifted its forecasts, predicting organic revenue growth of between 4% and 4.5% for 2023, helped by a strong order book and despite the “uncertain macro environment.”
