Motorola Solutions (MSI - Free Report) was recently ordered to implement and update its current TETRA digital two-way radio system to improve communications at Munich airport.
The modernization of the offering at Germany’s second-largest airport is expected to improve connectivity, interoperability and communication between various operations. The Chicago, IL-based company will strive to ensure that its enhanced offering works smoothly at the airport.
Furthermore, a pilot project is in operation at the Munich airport so that the company’s broadband push-to-talk (PTT) platform – WAVE – can be introduced at the airport. Smooth communication between airport staff, irrespective of the device/infrastructure being used, is the objective behind the move.
Motorola is constantly looking to upgrade its product portfolio. Earlier this month, the company reported better-than-expected third-quarter results, driven by its strong portfolio. We are also impressed by the company’s decision to hike its quarterly dividend, which was announced earlier this month. Other stocks in the wireless equipment industry to increase their dividend payout this year include Harris Corp. (HRS - Free Report) and InterDigital Inc. (IDCC - Free Report) .
Motorola Solutions also made it to the headlines by virtue of its decision to trim its workforce to operate more efficiently and focus on its core business. According to a Daily Herald report, the company laid off 200 workers at Motorola Solutions’ Schaumburg, Elgin and Chicago offices. According to the report, the company’s enhanced focus on software and services might lead to some of the eliminated positions being filled again.
Zacks Rank & A Key Pick
Motorola Solutions currently carries a Zacks Rank #2 (Buy). Investors interested in the wireless equipment space may also consider Ubiquiti Networks (UBNT - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for the current quarter has increased 13.6% to 75 cents per share over the last month for Ubiquiti Networks.
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