TASER International Inc.’s business unit – EVIDENCE.com – received a contract from the London Police Department, one of the world’s leading law enforcement agencies.This contract got a positive response from the market and TASER’s stock price increased 3.1% on Apr 15, 2014.
Per the latest contract, the company will supply 500 units of AXON body-worn video (BWV) camera, including the EVIDENCE.com digital video storage service for the devices, to police officers under a pilot program across nine London boroughs.
AXON BWV camera is an advanced and cost effective solution offered by the company. These small but highly visible cameras that run on a pocketsize battery pack, can be attached to sunglasses, caps, shirt collars or even a head mount.
In addition, it can capture a wide-angle and full-color view of what an officer is facing at the time of recording. The video will automatically be uploaded to EVIDENCE.com device. An end user cannot corrupt or delete the video files stored online or on the AXON video camera systems.
Looking forward, management expects that the company will be able to get more orders from the London Met Police if the pilot program is a success.
Apart from the overseas order, TASER continues to get several orders from the domestic market in the first quarter of 2014. Recently, the company received orders from different law enforcement state that are expected to yield strong returns on completion.
This Zacks Rank #2 (Buy) stock ended 2013 with solid earnings driven by higher sales. It surpassed the Zacks Consensus Estimate by 59.1% over the last four quarters in 2013.
Some stocks in the same sector looking equally good include TransDigm Group Inc. (TDG - Free Report) , Alliant Techsystems Inc. and AeroVironment, Inc. (AVAV - Free Report) . While TransDigm Group sports a Zacks Rank #1 (Strong Buy), Alliant Techsystems and AeroVironment carry a Zacks Rank #2 (Buy).
Read the Full Research Report on TASRRead the Full Research Report on TDGRead the Full Research Report on ATKRead the Full Research Report on AVAVZacks Investment Research