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.
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.
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.
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."
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.
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