- Published: 08 September 2017
- Written by Investor Ideas
Patriot One (TSX.V: $PAT.V), (OTCQB: $PTOTF) Sees Gains on News that Concealed Weapons Detection System Received Industry Canada Certification
Point Roberts, WA, - September 7, 2017 – Investorideas.com, a global news source covering defense and security stocks issues a sector close-up with headline news from companies in the industry.
Defense stocks have seen significant gains since the Trump administration took office and recently defense stocks have had some daily spikes on fears of escalation with North Korea and that the “noise” may become real.
In the long-term view, leading defense stocks have seen gains of 15-20% for the year.
Read this news in full at http://www.investorideas.com/news/2017/defense/09072Stocks.asp
In an interview on August 2, 2017, the manager of the SPADE Defense Index discussed the recent performance of aerospace, defense and homeland defense stocks and told Investorideas.com,"Since the Nov. 8th election, the Powershares Aerospace & Defense ETF (NYSE: PPA) which tracks our SPADE Defense Index is up 24% at historic highs. In comparison the S&P500 which has gained 15.5. More importantly for long-term investors, since 2000, the SPADE Defense Index has gained 511%, outperforming the broader market by a staggering 433%."
Recent News headlines:
Patriot One’s IndustryCanada Approval Initiates September Installations of Weapons Detection System to Law Enforcement Customers
-- Deployments to commence at covert urban locations in Canada
Patriot One Technologies Inc. (TSX.V: PAT) (OTCQB: PTOTF)(FRANKFURT: 0PL) announced yesterday that its award-winning PATSCAN CMR™(Cognitive Microwave Radar) concealed weapons detection system has received Industry Canada (IC) certification for commercial use in Canada. Initial deployments will be undertaken in collaboration with law enforcement and government agency personnel at several strategic locations.
Company CEO Martin Cronin said, “We are gratified that a major regional police force has stepped forward to offer locations and personnel to assist our efforts in optimizing best practices for installation and operation. We are also working with an important enforcement arm of the Canadian government that has shown a keen interest in engaging a PATSCAN CMR deployment on-premise.”
Due to the operational and sensitive nature of their activities, the law enforcement organization names and installation locations are withheld under non-disclosure agreements. The planned deployment of the PATSCAN CMR by these organizations is currently for internal, non-public use, and will focus on physical installation processes, fine tuning weapons profiles and ongoing software validation studies.
“We are very thankful to have the co-operation, time and effort of the officers and related civilian personnel, and their support for our quest to guard the public from random acts of violence,” said Mr. Cronin.
Patriot One Technologies Inc. (TSX.V: PAT) (OTCQB: PTOTF) closed up on the TSXV at $0.73, gaining .08 or 12.31% on over 500,000 shares.
Full news story: http://www.investorideas.com/news/2017/defense/09061PAT.asp
Lockheed Martin's Helicopter-based Missile Detection System Passes U.S. Navy Review Milestone
Electronic warfare system provides surveillance and countermeasure capabilities
SYRACUSE, N.Y., Sept. 5, 2017 -- The Advanced Off-Board Electronic Warfare (AOEW) system, developed by Lockheed Martin ( NYSE: LMT), passed Preliminary Design Review on schedule, demonstrating outstanding sustained performance. The AOEW system will provide MH-60 helicopters with enhanced electronic warfare surveillance and countermeasure capabilities against anti-ship missile (ASM) threats
"The battlefield at sea is constantly changing," said Joe Ottaviano, electronic warfare program director. "Our Advanced Off-Board Electronic Warfare capabilities will give the U.S. Navy a powerful tool to detect threats and respond to our adversaries."
Full news story https://finance.yahoo.com/news/lockheed-martins-helicopter-based-missile-151500054.html
On August 30th Raytheon (NYSE: RTN) announced one of their -built Standard Missile-6 intercepted a medium-range ballistic missile target at sea in its final seconds of flight, after being fired from the USS John Paul Jones.
The SM-6 missile can perform anti-air warfare, anti-surface warfare and – now – even more advanced ballistic missile defense at sea.
"Earlier this year, our customer requested an enhanced capability to deal with a sophisticated medium-range ballistic missile threat," said Mike Campisi, Raytheon's SM-6 senior program director. "We did all this – the analysis, coding and testing – in seven months; a process that normally takes one to two years."
The company said,” This was the third time that the SM-6 missile successfully engaged a ballistic missile target in its terminal phase. It was first tested in a successful flight test mission in August 2015, and then again in late 2016.”
Axon (NASDAQ: AAXN) closed on Tuesday’s session up at $21.98, rising 0.25 (1.15%) and then moved another 2,46 % after hours to $22.52 . The stock retreated with several other defense stocks in Wednesday’s trading session creating a buying opportunity for investors thinking long term in the sector. The most recent press release in early August announced “ Former Uber Senior Tech Lead Mojtaba Solgi Joins Seattle Axon AI Team ”.
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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
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