Former FBI deputy director Pistole joins Smiths Detection board

EDGEWOOD, Md. - Smiths Detection Inc. announced Wednesday the appointment of John S. Pistole to the Board of Directors for Smiths Detection US, LLC. Pistole brings over 30 years of national security experience, having previously served as Deputy Director of the Federal Bureau of Investigation and Administrator of the Transportation Security Administration.

As an Outside Director, Pistole will provide strategic guidance on global security risk, screening innovation, regulatory engagement, and transportation infrastructure protection, according to the company’s press release.

"John’s distinguished career in public service and his deep understanding of security policy and technology make him an invaluable addition to our board," said Duane Andrews, Chair of the Board.

Pistole joined the FBI in 1983, rising to Executive Assistant Director for National Security before his appointment as Deputy Director in 2004. In 2010, he was confirmed by the U.S. Senate as TSA Administrator, where he oversaw approximately 60,000 employees and security operations at more than 450 U.S. airports.

After his government service, Pistole served as President of Anderson University for over 10 years starting in 2015. He holds a Bachelor of Arts degree from Anderson University and a Juris Doctor from Indiana University Robert H. McKinney School of Law.

Smiths Detection, a division of Smiths Group plc (SMGZY), specializes in threat detection and security screening technologies for aviation, ports and borders, urban security, and defense markets. The parent company, with a market capitalization of $10.7 billion, has demonstrated strong performance with a 77% stock price increase over the past year and revenue of $3.85 billion. Investors should note that Smiths Group is currently trading near its Fair Value according to InvestingPro analysis, with a healthy dividend yield of 2.4% and strong financial health metrics. The company will report earnings on November 19, just one week away.InvestingPro subscribers can access detailed financial health scores, revenue forecasts, and over a dozen additional ProTips to make more informed investment decisions about Smiths Group and similar security technology companies.

In other recent news, Kepler Cheuvreux has adjusted its outlook on Smiths Group by raising the stock price target to GBP27.00 from GBP25.20, while maintaining a Buy rating. This development comes as the company prepares to announce its fiscal year 2025 results on September 23. The anticipation of a positive update is fueled by Smiths Group having increased its financial guidance three times over the past year. This suggests that analysts at Kepler Cheuvreux expect favorable earnings and revenue results. Investors are likely to watch closely for the upcoming financial disclosures to assess the company’s performance. The revised price target reflects confidence in Smiths Group’s financial trajectory. Such adjustments by analysts can influence investor sentiment and market expectations. These updates are part of the ongoing analysis of Smiths Group’s financial health and market position.

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