Taser Lands Orders with U.S. Army, New Orleans Police
Taser International continues its banner sales month. On Tuesday, Taser announced a series of new sales contracts for its X2 and X26 model stunguns to police departments in Florida, Minnesota, Missouri, Ohio, Oregon, Virginia, and Texas.
Contracts for more significant sales volumes were inked with four parties in particular, as:
- The U.S. Army ordered another 500 of Taser's X26 "Conducted Electrical Weapons"
- The New Orleans Police Department ordered 400 Taser X26P Weapons, and 400 TASER CAM HD recorders
- The New York State Police ordered 334 X26Ps
- An unnamed international buyer purchased 12,000 Smart cartridge refills.
Financial terms of the sales were not disclosed, but at advertised list prices, the X26s alone should add in excess of $1.3 million to Taser's Q1 earnings -- with the HD recorders and cartridges, perhaps a bit more.
Taser shares, however, are seeing no gains at all, declining 0.1% in early trading to hover around $8.01.
The article Taser Lands Orders with U.S. Army, New Orleans Police originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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