With the markets in turmoil, investors are looking to capitalize on new opportunities. This could be as easy as following the money to see where global superpowers are beginning to direct funds. Defense spending is on the rise and doesn’t appear to be slowing down. Overall military expenditures rose 2.6% between 2017 and 2018, to hit a total of $1.82 trillion, according to new research from the Stockholm International Peace Research Institute.
Today we are highlighting 4 trending defense stocks to watch: Liberty Defense Holdings (SCAN.V), BCE Inc. (BCE.TO), Patriot One Technologies Inc. (PAT.V), CAE Inc. (CAE.TO)
Liberty Defense Holdings (SCAN.V) (Market Cap: $59.938M) provides security solutions for concealed weapon detection in high volume foot traffic areas. In a push to corner the market, Liberty has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product.
The company has been quickly hitting the ground to establish a foothold in the security technology space. The company has memorandums of understanding with the likes of Vancouver Arena Limited Partnership and with Toney Sleiman of Sleiman Enterprises to beta test HEXWAVE. Besides these, Liberty has also been actively building its leadership and advisory teams.
Earlier this month the company appointed Ron S. Solanki as Vice President, Operations of its US subsidiary, Liberty Defense Technologies Inc. The 30-year, high-tech industry veteran has held power positions with the likes of Motorola, Panasonic, Flextronics and Hisense. In addition to this, the company added more horsepower to its team after Jeremy Morton joined Liberty’s Board of Directors in the role of Executive Chairman and Director. This announcement was made earlier this morning and highlights the continued expansion of Liberty’s corporate structure.
Mr. Morton is President of Stanley Access Technologies, a subsidiary of Stanley Black & Decker, which is a $14 billion revenue-generating organization. Based on these new additions and MOU’s Liberty has been able to gain notoriety from the likes of The Wall Street Journal. A recent article discussed leading security companies that use artificial intelligence, including Liberty Defense, and examined the trend of the growing use of AI in physical security.
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BCE Inc. (BCE.TO) (Market Cap: $53.648B) hasn’t necessarily focused directly on defense but its product mix does fall under this industry umbrella. BCE rivals as Canada's largest communications company. They provided advanced Bell broadband wireless, TV, Internet and business communications services alongside Canada's premier content creation and media assets from Bell Media. BCE also owns Canada’s fastest wireless network and many of the top cable channels.
On Thursday, BCE reported first-quarter net income of $556.6 million. The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share. BCE also reported stronger than expected revenue of $4.31 billion in the period, topping Street forecasts. Since the beginning of the year, shares have moved up by more than 10%.
Patriot One Technologies Inc. (PAT.V) (Market Cap: $331.846M) recently received approval to graduate to the Toronto Stock Exchange from the TSX Venture Exchange. The company focuses on threat detection technology as well. Its PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with integrated AI/machine learning software.
The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Earlier this quarter the company announced that it has officially partnered with Raytheon Canada Limited. RCL will fund Patriot One with $3 million CAD in non-dilutive cash financing for further development of the PATSCAN CMR.
CAE Inc. (CAE.TO) (Market Cap: $8.38B)is a company that focuses on training for the civil aviation, defense and security, and healthcare markets. Each year, CAE trains more than 220,000 civil and defense crewmembers, including more than 135,000 pilots.
Most recently the company was put to task after announcing that it has concluded the previously announced acquisition of Bombardier’s Business Aircraft Training business. This can with an enterprise value of US$645 million. Furthermore, the company stated that all of the required conditions for closing have been met.
“We are pleased to welcome Bombardier customers and employees to CAE,” said Marc Parent, CAE’s President and CEO. “Bombardier business jet customers will have access to a seamless training experience in our global network of training centres, providing the most advanced training solutions on the market by leveraging our continued investments in training.”
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