TASER International Inc. (TASR - Free Report) announced that it has received an order for 900 TASER X2 Smart Weapons from the Kentucky State Police. The order also includes the upgrade of aged TASER weapons to the new X2 Smart Weapon.
The order was placed under the TASER 60 annual payment plan, which provides warranties and on-site spare equipment for these devices throughout a five-year period.
The company is expected to deliver the order in the third quarter of 2016.
TASER X2 is a smart weapon developed specially for law enforcement agencies. Packing an upgrade over the older version of TASER weapon, the X2 additionally boasts features like backup shot, dual lasers and a warning arc, to ensure accuracy and effectiveness.
Importance of Smart Weapons
TASER International’s electrical weapons are now counted among the most trusted devices used by law enforcement agencies. Incorporating a wide variety of suggestions has enabled the company come up with a product that meets all kinds of customer requirements and can help officers stay safe in the field.
In stark contrast to its predecessor, the new smart weapon is built on an all-digital platform. It can regulate charge output, perform health checks, update firmware over the Internet, and offers analytics on how and when someone uses a device.
Growing Demand for TASER Products
TASER International’s high-quality smart weapons are witnessing robust demand as law enforcement agencies across the U.S. are increasingly opting for such devices to strengthen their existing infrastructure. The company has also gained a handful of international customers, thanks to the quality and ease of use of its products.
In September, TASER International announced that its subsidiary, Axon has received an order for 720 Axon Body 2 cameras and 100 Axon Flex cameras from Northern Territory Police of Australia (Read more:TASER to Supply Axon Cameras to Australian Police).
Axon has also won an order for 1,015 Axon Flex and Body 2 cameras from the Atlanta Police Department last month (Read more: TASER Secures Order for 1,015 Axon Flex & Body 2 Cameras)
Zacks Rank & Key Picks
TASER International currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include Brady Corp. (BRC - Free Report) , Lakeland Industries Inc. (LAKE - Free Report) and Ascent Capital Group, Inc. (ASCMA - Free Report) .
Brady Corp. sports a Zacks Rank #1 (Strong Buy). The company’s fiscal 2017 earnings estimates rose 5% to $1.68 in the last 60 days. The company’s long-term earnings growth rate is pegged at 7.5%.
Lakeland Industries’ its earnings estimates increased 42.5% for fiscal 2017 in the last 60 days. Its long-term earnings growth rate is pegged at 10.0%. The company carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ascent Capital’s loss estimates narrowed 15.7% to $5.63 for 2016 over the last 60 days. The stock has surged 45.9% year to date. It presently has a Zacks Rank #2 (Buy).
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