Defense and Security Stocks; (NASDAQ: $AAXN), (NYSE: $HON) (TSX.V: $PAT) (OTCQB: $PTOTF), (NYSE: $JCI), ($SIE.F)
Point Roberts, WA, -April 26, 2017 – Investorideas.com, a global news source covering defense and security stocks issues a sector close-up with news from some of the leaders in the space ; Axon (NASDAQ: AAXN), Honeywell (NYSE: HON), Johnson Controls (NYSE: JCI), Siemens (SIE.F) and Patriot One Technologies Inc. (TSX.V: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL). Defense stocks have made headlines this year as a sector to watch, with several stocks seeing major gains.
1-Year Chart Comparing the Powershares Aerospace & Defense ETF “PPA“ (black) with the S&P500 (yellow)
According to a report from Deloitte, defense sub-sector revenues are likely to grow at a much faster 3.2 percent in 2017 as defense spending in the US has returned to growth after multi-year declines in defense budgets and future growth may be driven by the new US administration’s increased focus on strengthening the US military.
Rising global tensions have led to increasing demand for defense and military products in the Middle East, Eastern Europe, North Korea and the East and South China Seas. This in turn is resulting in increased defense spending globally, especially in the United Arab Emirates (UAE), Saudi Arabia, South Korea, Japan, India, China and Russia.
Read this release in full at http://www.investorideas.com/news/2017/defense/04262Stocks.asp
Recent News headlines:
-- Company advances concealed weapons detection opportunity with global partner
Today, Patriot One Technologies Inc. (TSX.V: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL), developer of a revolutionary award-winning concealed weapons detection system, is pleased to announce its entry into an agreement with a strategic industry partner aimed at significantly broadening its ongoing product commercialization activities.
The opportunity is being undertaken with a well-established and industry leading organization recognized as a Tier 1 Systems Integrator with offices and facilities around the globe. Patriot One has entered into an agreement which provides for a technical evaluation by both parties to identify operational efficiencies and opportunities employing Patriot One’s concealed weapons detection software and related hardware components. This will be accomplished through a series of integration tests with the partner.
Both parties have indicated a willingness in principle to enter into a Value-Added Reseller (VAR) relationship whereby Patriot One may appoint the partner as a sales representative for several potential major markets. The terms and conditions of such a commercial relationship are planned for discussion throughout the evaluation period.
Company CEO Martin Cronin notes, “Working with major commercial partners exactly aligns with our business model, as it offers extraordinarily attractive opportunities to propel our product roll-out and holds the potential to drive significant awareness of our product’s ability to decrease the menace of random public violence. We are benefitting from a period of intensifying interest and have greatly appreciated inquiries from a number of leading integrators, major potential distributors and resellers from literally around the globe. We attribute much of this interest to our recent and highly successful award-winning debut at ISC West in Las Vegas. It’s an exciting time at Patriot One and we thank everyone for their ongoing commitment and interest in our endeavour.”
Axon's (NASDAQ: AAXN) National Body Camera Offer Generates Significant Interest from Police Agencies
On April 19, 2017, Axon (Nasdaq: AAXN), the global leader in connected law enforcement technologies, announced that its new program to equip every law enforcement officer in America with a free body camera for a one-year trial has generated interest from hundreds of police agencies across the U.S. In addition to the Axon Body 2 camera, the offer also includes unlimited data storage and supporting hardware, software, and training. Due to high demand and to share further insight on how to take advantage of this game-changing opportunity, Axon CEO and Founder Rick Smith will host a webinar tomorrow, April 20, 2017, to share more information on how to sign up.
On April 5, 2017, we changed our name from TASER International to Axon. The name change reflected the company's ongoing commitment to innovating new technologies needed to shape the future of policing. In the spirit of that commitment, the company simultaneously announced its intention to give every police agency in the country the chance to trial its body-worn cameras, digital evidence management system (Evidence.com), and mobile applications for free for one year. Since then, hundreds of police departments across the country have contacted the company expressing interest in the free trial.
Honeywell (NYSE: HON) Delivers $1.71 Earnings per Share, Up 10 Percent
On April 21, 2017, Honeywell (NYSE: HON) announced financial results for the first quarter of 2017 and updated its full-year 2017 earnings guidance.
"Honeywell reported a strong start to 2017, with over 2 percent organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly $800 million that was more than six times greater than 2016. Our strong operational performance resulted in reported earnings per share of $1.71. Normalizing for tax, earnings per share was $1.66, or 2 cents above the high-end of our first-quarter guidance and up 11 percent versus last year, excluding divestitures," said Darius Adamczyk, President and Chief Executive Officer of Honeywell.
"Each of our businesses contributed," Adamczyk said. "The commercial aftermarket within Aerospace and the global distribution business within Home and Building Technologies remained strong. In Performance Materials and Technologies, robust demand for Solstice® low-global-warming products drove double-digit organic growth in Advanced Materials, and improving conditions in the oil and gas industry bolstered ongoing strength in UOP. In Safety and Productivity Solutions, demand for warehouse solutions and industrial safety products enabled growth in the quarter."
Johnson Controls (NYSE: JCI) to sell Scott Safety Business to 3M for $2 billion
On March 16, 2017 -- Johnson Controls (NYSE: JCI) announced that it has signed a definitive agreement to sell its Scott Safety business to 3M in a cash transaction valued at approximately $2.0 billion.
Scott Safety is a leader in the design, manufacture and sale of high performance respiratory protection, gas and flame detection, thermal imaging and other critical products for fire services, law enforcement, industrial, oil & gas, chemical, armed forces, and homeland defense end markets. The business is headquartered in Monroe, North Carolina, with approximately 1,500 employees globally.
"We are pleased to announce the sale of Scott Safety to 3M in a mutually beneficial strategic transaction," said Alex Molinaroli, Johnson Controls chairman and CEO. "Consistent with our priority to focus the portfolio on our two core platforms of Buildings and Energy, we continue to execute on our strategic plan, which positions us to deliver a 12 percent to 15 percent earnings per share CAGR by fiscal 2020."
Atos and Siemens (SIE.F) expand their strategic relationship to provide cybersecurity solutions for the utilities, oil and gas industries in the US
On March 20th, 2017, Atos announced they have entered into a Memorandum of Understanding (MOU) and will leverage their portfolios to help customers establish an integrated first line of defense against cyber-attacks. Siemens and Atos work together in the area of cybersecurity for industrial companies, providing customers in the manufacturing and processing industries with comprehensive security services and products.
The Atos and Siemens partnership in the U.S. is part of a global agreement around cybersecurity including common go-to-market and shared research and development efforts to target Information Technology (IT) and Operational Technology (OT) security for any market. Atos, with its unique capabilities in the field of IT, including identity access management, real-time security analytics, next-generation cryptography and software-defined security architecture; and Siemens, with its deep domain know-how and solutions for OT cyber, including security program design, security life cycle management, plant security monitoring and incident response, are well-positioned to help companies with an integrated approach to protecting against, detecting, and correcting threats quickly and efficiently.
Siemens Corporation is a U.S. subsidiary of Siemens AG -Siemens (SIE.F)
Full News: https://globenewswire.com/news-release/2017/03/20/942041/0/en/Atos-and-Siemens-expand-their-strategic-relationship-to-provide-cybersecurity-solutions-for-the-utilities-oil-and-gas-industries-in-the-US.html
About Investorideas.com - News that Inspires Big Ideas
Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors.
Sectors we cover in include tech, bitcoin and blockchain, biotech, mining, energy, renewable energy, water stocks, marijuana and hemp stocks, food and beverage (including organic and LOHAS, wine), defense and security including biometrics, Latin America, sports, entertainment, luxury brands and gaming.
The Investorideas.com content portfolio goes beyond the www.investorideas.com site to include 13 blogs on Blogger.com, 7 Artificial Intelligence (AI) websites on the Grid and the Waternewswire.com, all featuring Investorideas.com news and content.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
This news is published on the Investorideas.com Newswire – News that Inspires big ideas
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure this news is a paid for news release on the Investorideas.com newswire by Patriot One Technologies Inc., (TSX.V: PAT) (OTCQB: PTOTF) Learn more about costs and our newswire service http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.