May 2 (Reuters) - Industrial technology solutions

provider Ametek ( AME ) beat estimates for first-quarter profit

on Thursday, as it benefited from a boom in the aerospace and

defense sectors.

Robust air travel demand and simmering geopolitical tensions

have driven up demand from the sectors, one of the biggest

contributors to Ametek's ( AME ) revenue.

Ametek ( AME ) also noted solid growth in its business segment

focused on manufacturing medical components and devices.

Sales in the company's Electronic Instruments Group (EIG),

which manufactures analytical, testing and measurement

instruments for the aerospace, medical, power, and industrial

markets, rose 4% to $1.16 billion in the reported quarter.

This helped the company's net sales to jump 8.7% to $1.74

billion, compared with Wall Street expectations of $1.78

billion.

It reported a first-quarter adjusted profit of $1.64 per

share, compared with analysts' average estimate of $1.59,

according to LSEG data.

The company also raised its annual profit forecast and now

expects its 2024 adjusted earnings in the range of $6.74 to

$6.86 per share, up from its previous target of $6.70 to $6.85.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shinjini

Ganguli)