TASER Books Stun Gun Sales to U.S. Army
TASER International's eponymous stun guns continue to rake in sales. On Tuesday, the Scottsdale, Ariz.-based weapons maker announced four orders of significant size, and several more of smaller orders of magnitude. The big four sales reported today included:
500 TASER X26 "Conducted Electrical Weapons" sold to the U.S. Army.
200 X26Ps sold to the Manatee County Sheriff's Department in Florida.
166 TASER X2s sold to the Charles County Sheriff's Office in Maryland.
100 more X2s sold to the Toledo Police Department in Ohio.
Additional sales of X2s, X26Ps, and TASER CAM HDs -- presumably orders of smaller size than the smallest figures broken out individually by TASER -- were booked to customers in California, Colorado, Illinois, Louisiana, Nevada, New Jersey, Ohio, Oregon, Rhode Island, Tennessee, and Texas -- and certain unnamed "international customers" as well.
Financial details of the sales were not disclosed, but at advertised list prices (for those products for which prices are listed), the sum total of the above-listed orders appears to exceed $1.1 million.
TASER shares are up 1.1% in response to the news, adding a dime per share to the stock price, and more than $5 million to TASER's market cap -- or about five times the value of the stun-gun sales themselves.
The article TASER Books Stun Gun Sales to U.S. Army originally appeared on Fool.com.
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