Aerospace Stocks Swing on New Program: TASER International (NASDAQ:TASR), The Boeing Company (NYSE:BA)
TASER International, Inc. (NASDAQ:TASR) has 52.30 million outstanding shares and its share price trade at $21.90 by surging remains unchanged on Thursday early traded session. TASER International (TASR) reported that it is launching a new program to equip every police officer in America with a body camera and changing its name to Axon (NASDAQ:AAXN). It will also provide supporting hardware, software, data storage, training, and support to police departments free of cost for one year.
The founder and CEO of Axon, Rick Smith said that they are going ‘all-in’ to empower police officers to more safely and effectively do their jobs and drive important social change by making body cameras accessible to every officer in America. “We believe these cameras are more than just tools to protect communities and the officers who serve them. They also hold the potential to change police work as we know it, by seamlessly collecting an impartial record and reducing the need for endless paperwork. That’s why we’re giving this opportunity to every single police officer in America.”
Axon’s development of body cameras, cloud solutions, and other technologies is, in part, a response to the changing nature of police work. A recent Pew Research Center study painted a stark portrait of 21st-century policing. Policing, the study concluded, is harder than it has ever been. Police officers expressed serious concerns about limited resources, lack of staffing, and equipment issues. Axon believes that technology can help address these problems. As the returns are concern, return on equity was recorded 11.90% and firm surged its return on investment of 11.50% while its return on asset stayed at 6.90%.
The Boeing Company (NYSE:BA) shares price soared 0.38% to trade at $177.76. Boeing (NYSE:BA) declared that it has selected a site in Plano, Texas, for the headquarters of its new Global Services business unit, which will be operational in July. Boeing Global Services headquarters will be located in the Legacy West mixed- use development in West Plano. Global Services President and CEO Stan Deal, several of his leadership team members and some support staff will be located at the site, which will serve as a central hub for approximately 20,000 employees located around the globe.
Texas Governor Greg Abbott said, “Texas continues to be a global powerhouse in business expansion and relocation because of our economic policies that encourage industry leaders, like Boeing, to expand their operations here. “As governor, I will continue to promote a low-tax and reasonable regulatory environment that removes barriers to entry and provides certainty for developing industries. I am proud to welcome Boeing’s new Global Services unit to Texas and look forward to working with them further to continue their expansion in the Lone Star State.”
Boeing selected the greater Dallas area because it’s centrally located within Boeing’s U.S. footprint, has good proximity to major operations for commercial consumers and defense partners, and serves as a transportation hub that will allow the company to reach consumers quickly and efficiently. “We are excited to establish the Global Services headquarters in Plano,” said Deal. “We have a fixed focus on serving our consumers worldwide, and this location assists in our mission of providing uncompromising service worldwide.” Boeing will host an opening ceremony at the new location once Boeing Global Services is operational in July. Its return of equity was recorded 259.70% and its return on investment was calculated 47.90%. Its 50-Day moving average was 2.18% and 200-Day moving average was 20.84%.