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Aug. 9, 2021, 8:52 a.m. EDT

Annual Defense Revenues Break Half a Trillion Dollars as Market Expands

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Aug 09, 2021 (Financial News Media via COMTEX) -- FN Media Group Presents Microsmallcap.com Market Commentary

New York, NY - August 9, 2021 – Although the effects of the coronavirus pandemic were far reaching, the security defense industry proved to be resilient enough to weather this storm. As a matter of fact, Defense News estimates that the top 100 defense companies raked in a combined $551 billion in 2020 representing a 5% increase compared to the prior year. Going forward, it appears that this trend is likely to continue as illustrated by President Biden's $715 billion defense budget proposal, a $10 billion increase from the previous allocation as he shifts focus from the Middle East to emerging threats from China. For companies like Liberty Defense Holdings Ltd /zigman2/quotes/205774526/delayed CA:SCAN +5.26% (otcqb:LDDFF), Evolv Technologies Holdings Inc /zigman2/quotes/221308040/composite EVLV -7.82% , ShotSpotter /zigman2/quotes/203800377/composite SSTI +1.89% , OSI Systems, Inc. /zigman2/quotes/205677918/composite OSIS +0.48% and Honeywell International Inc /zigman2/quotes/205583690/composite HON -2.61% this signals a promising opportunity which if well capitalized on could further strengthen these companies' position in the industry.

The Defense Industry Appears Pandemic-Proof

With more variants of the coronavirus being discovered it’s becoming all too clear that it’s going to be a long while before things get back to 'normal'. Since the defense industry appears to be insulated from these effects, it is not surprising that companies like Liberty Defense /zigman2/quotes/205774526/delayed CA:SCAN +5.26% (otcqb:LDDFF) which provides multi-technology security solutions for concealed weapons and threat detection in high volume foot traffic areas look poised to continue delivering significant shareholder value.

Recently Liberty Defense revealed that it had entered into a collaboration agreement with Micro-X Ltd, a pioneer of medical and security imaging products using cold cathode X-ray sources to apply x-ray nanotech to weapons detection. In addition to this, Liberty has been hitting major corporate milestones including signing a major deal with the US Department of Homeland Security (DHS).

The deal, which was announced on July 12, 2021, will provide Liberty Defense with $1 million in funding courtesy of the Israel-US Binational Industrial Research and Development (BIRD) Foundation under a program that is sponsored jointly by the DHS and the Israel Ministry of Public Security (MOPS).

"Over the past several months, Liberty has announced continued progress on the development of our flagship HEXWAVE walk through portal and the acquisition of aviation specific threat detection technology for passenger screening," said Liberty Defense CEO Bill Frain. "The development of HQ with Levitection will add to our portfolio to thwart the potential for terrorist acts in high traffic areas. This includes taking a layered approach to security which HQ will provide."

Evolv Technologies Holdings Inc has also been strengthening its position in the defense industry going by recent developments. The company recently went public through a SPAC, resulting in a pro forma total enterprise value of approximately $1.3 billion. Evolv investors include Bill Gates, DCVC, Motorola Solutions, Finback Investment Partners, General Catalyst, Lux Capital, SineWave Ventures and STANLEY Ventures.

Collaboration and innovation Appear to be Key Growth Drivers in Defense Industry

One emerging theme in the defense industry that appears to be a key driver of growth is collaboration. For instance, ShotSpotter /zigman2/quotes/203800377/composite SSTI +1.89% just partnered with Anti-Trafficking International (ATI) to deploy its ShotSpotter Investigate solution for a one-year pilot with ATI's National Human Trafficking Intelligence Center (NHTIC). ShotSpotter Investigate will be used as the central digital case folder for the NHTIC to streamline efforts to capture, analyze, connect and provide reporting and real-time intelligence to involved agencies across the US.

Another collaboration that fits into this theme is Honeywell International Inc /zigman2/quotes/205583690/composite HON -2.61% and ASM Global, a world's leading producer of entertainment experiences. The company will work with the ASM Global venue network to deploy a variety of technologies that support smarter, safer and more sustainable venues to improve the overall guest experience.The six-year agreement will support the digitization of the global venue network's operations to establish new standards related to indoor air quality, safety and regulatory compliance for its VenueShield LIVE proprietary program for venue reopenings and operations.

Meanwhile, security and inspection systems provider OSI Systems' /zigman2/quotes/205677918/composite OSIS +0.48% security division was one of three vendors awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the US Customs and Border Protection for multi-energy portal x-ray systems. The contract, which has a potential value of up to $480 million, contains a five-year ordering period for systems and up to 10 years for potential maintenance support.

In short, the defense industry seems well positioned to continue growing in spite of the uncertainty in the broader economy which bodes well for companies like Liberty Defense Holdings.

For more information about Liberty Defense Holdings Ltd /zigman2/quotes/205774526/delayed CA:SCAN +5.26% (otcqb:LDDFF), click here.

Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Liberty Defense Holdings Ltd

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

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Source: Microsmallcap.com

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/zigman2/quotes/205774526/delayed
CA : Canada: TSX Venture
$ 0.40
+0.02 +5.26%
Volume: 77,926
Nov. 30, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.47 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/221308040/composite
US : U.S.: Nasdaq
$ 5.42
-0.46 -7.82%
Volume: 1.48M
Nov. 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$837.52 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203800377/composite
US : U.S.: Nasdaq
$ 35.12
+0.65 +1.89%
Volume: 26,481
Nov. 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$402.47 million
Rev. per Employee
$291,299
loading...
/zigman2/quotes/205677918/composite
US : U.S.: Nasdaq
$ 90.93
+0.43 +0.48%
Volume: 374,148
Nov. 30, 2021 4:00p
P/E Ratio
19.90
Dividend Yield
N/A
Market Cap
$1.62 billion
Rev. per Employee
$169,210
loading...
/zigman2/quotes/205583690/composite
US : U.S.: Nasdaq
$ 202.24
-5.42 -2.61%
Volume: 5.68M
Nov. 30, 2021 4:00p
P/E Ratio
26.02
Dividend Yield
1.94%
Market Cap
$142.96 billion
Rev. per Employee
$316,893
loading...
/zigman2/quotes/205774526/delayed
CA : Canada: TSX Venture
$ 0.40
+0.02 +5.26%
Volume: 77,926
Nov. 30, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.47 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203800377/composite
US : U.S.: Nasdaq
$ 35.12
+0.65 +1.89%
Volume: 26,481
Nov. 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$402.47 million
Rev. per Employee
$291,299
loading...
/zigman2/quotes/205583690/composite
US : U.S.: Nasdaq
$ 202.24
-5.42 -2.61%
Volume: 5.68M
Nov. 30, 2021 4:00p
P/E Ratio
26.02
Dividend Yield
1.94%
Market Cap
$142.96 billion
Rev. per Employee
$316,893
loading...
/zigman2/quotes/205677918/composite
US : U.S.: Nasdaq
$ 90.93
+0.43 +0.48%
Volume: 374,148
Nov. 30, 2021 4:00p
P/E Ratio
19.90
Dividend Yield
N/A
Market Cap
$1.62 billion
Rev. per Employee
$169,210
loading...
/zigman2/quotes/205774526/delayed
CA : Canada: TSX Venture
$ 0.40
+0.02 +5.26%
Volume: 77,926
Nov. 30, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.47 million
Rev. per Employee
N/A
loading...

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