Taser and police body cam maker Axon is acquiring air defense startup Dedrone
Publishing timestamp: 2024-05-07 09:57:30
Summary
Axon, a public safety technology company known for its law enforcement technology, is acquiring drone defense startup Dedrone. Dedrone has a growing customer base and has become a major player in smart air security. The acquisition is expected to be completed in the second half of 2024. Dedrone's technology covers a significant portion of the U.S. population and has been deployed in various industries and events globally. The CEO of Axon sees the acquisition as a way to combine forces to protect more lives in more places. Dedrone's technology has been recognized for its effectiveness in detecting and managing drones, and it is expected to increase Axon's total available market by over 20%.
Sentiment: POSITIVE
Tickers: AXON,
Keywords: technology, axon enterprise inc, business news, drone aircraft, laws, aerospace and defense industry, aviation safety and security, rick smith, defense, law enforcement agencies, mergers and acquisitions,
Source: https://www.cnbc.com/2024/05/06/taser-maker-axon-is-acquiring-air-defense-startup-dedrone.html