Tech components manufacturer Gooch and Housego has said it is making “steady” progress in reducing lead times after increasing production capacity, though bosses have said they expect inflation to impact profits.
The Aim-listed firm, which makes photonic systems used in the aerospace and defence sectors as well as scientific research, said it had invested in its inventory to protect its operations from “persistent supply chain constraints”.
Ahead of the company’s annual general meeting at its global headquarters in Ilminister, Somerset, bosses said after a “refocus” on recruitment all four of its UK production facilities were now fully resourced. The board added that while there were roles to fill in some of Gooch and Housego’s six US facilities “the situation continues to improve”.
