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Motorola Solutions, Inc. (NYSE: MSI) is a global leader in mission-critical communications and analytics, providing essential products and services to public safety and commercial customers worldwide. The company specializes in seamless communication networks, applications, and services that deliver real-time information and situational awareness to first responders and other critical service providers.
Motorola Solutions' core business revolves around the sale of land mobile radios, radio network infrastructure, surveillance equipment, and dispatch software. These products are indispensable for public safety agencies, schools, hospitals, and a variety of private enterprises. The company prides itself on innovations that help professionals, such as firefighters and police officers, perform their duties effectively in critical moments.
Recent achievements include the acquisition of Silent Sentinel, a UK-based provider of rugged, long-range thermal cameras. This acquisition enhances Motorola's video security portfolio, bolstering its capabilities in extreme environments often associated with military, aviation, maritime, and critical infrastructure.
Financially, Motorola Solutions remains robust, with a significant portion of its revenue generated from government agencies and the remainder from private businesses and educational institutions. The company has a diverse customer base in over 100 countries and operates across every state in the United States.
To learn more about Motorola Solutions and its commitment to safer communities, visit www.motorolasolutions.com.
Motorola Solutions announced the deployment of VB400 body-worn cameras to all frontline officers of the Malta Police Force as part of a five-year service contract. This initiative aims to enhance the police force’s transformation strategy, focusing on modernization, transparency, and community trust. The VB400 cameras feature the Holster Aware technology, which automatically records during critical situations, thus improving evidence gathering. This deployment aligns with global trends in police technology adoption, highlighting Motorola’s commitment to public safety and innovation.
Anterix (NASDAQ: ATEX) and Motorola Solutions (NYSE: MSI) have entered into an agreement to enhance private LTE networks for utility companies, aiming to modernize the electric grid. This collaboration builds on Motorola's existing Private Broadband for Critical Infrastructure platform and the FCC's transition of the 900 MHz band to broadband. Anterix's licensed spectrum will enable utilities to deploy advanced LTE networks, providing better service to customers. They are also assisting Xcel Energy in evaluating a private LTE solution for improved grid management.
On May 25, Motorola Solutions Foundation (MSI) and Boeing (BA) will host the annual Chicago STEM Signing Day for the fourth consecutive year. The event recognizes 50 underrepresented students from the Chicagoland area committing to top technical schools and careers in STEM fields. Each student will receive a $1,000 scholarship. The virtual celebration features key speakers including Mayor Lori E. Lightfoot. Since 2018, the Foundation has awarded over $150,000 in scholarships to more than 175 students. Boeing also supports STEM initiatives nationwide, impacting nearly 2,000 students since inception.
Motorola Solutions (NYSE: MSI) has declared a quarterly dividend of 71 cents per share, with the payment scheduled for July 15, 2021. Shareholders on record as of June 15, 2021 will receive the dividend, reflecting the company's ongoing commitment to delivering returns to its investors. Known for its leadership in mission-critical communications, Motorola Solutions utilizes advanced technologies to enhance public safety and business productivity.
Motorola Solutions (NYSE:MSI) announced that Chairman and CEO Greg Brown will participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 2:10 p.m. EST. A live webcast and replay of this virtual fireside chat will be available on Motorola Solutions' Investor Relations website. The company is recognized for its leadership in mission-critical communications and analytics, providing technologies that enhance public safety and business productivity.
Motorola Solutions (NYSE: MSI) emphasizes its commitment to public safety amid increasing natural disasters, leveraging over 90 years of experience in mission-critical communications. The company offers an integrated technology ecosystem for first responders, ensuring reliable communication through Project 25 land mobile radio networks. The ASTRO 25 radio system aids in coordinated emergency responses, while cloud-based solutions enhance security and resilience. Innovative programs like drone deployments and CAPE software improve situational awareness and resource allocation during emergencies.
Motorola Solutions has secured a four-year framework agreement with BlueLight Commercial to provide integrated 4RE In-Car Video Solutions to U.K. emergency services, including police and border security. This initiative aligns with the National Police Chiefs Council’s Roads Policing Strategy aimed at enhancing road safety and operational efficiency. The technology will enable real-time evidence capture via multiple camera views and support better decision-making during emergencies, ultimately aiming to reduce road accidents and enhance officer productivity.
Motorola Solutions (NYSE: MSI) has announced the redemption of all remaining $324,029,000 of its 3.500% senior notes due March 1, 2023. The full redemption will occur on June 10, 2021, at a price equal to the greater of the principal amount or the present values of remaining scheduled payments, plus accrued interest. The determination of the redemption price will occur on June 7, 2021, at 5:00 PM EDT. A notice of redemption will be provided to registered holders by The Bank of New York Mellon Trust Company.
Motorola Solutions (NYSE: MSI) reported robust Q1 2021 earnings, achieving record revenue of $1.773 billion, a 7% increase year-over-year. GAAP operating earnings rose 15% to $298 million, with EPS at $1.41, reflecting a 26% growth. The board approved a $2 billion increase in the share repurchase program, totaling $16 billion since 2011. The company projects Q2 revenue growth between 19% to 20% and full-year revenue growth of 8% to 9%, up from prior estimates. Ending backlog reached $11.3 billion, up 8%.
Motorola Solutions (NYSE:MSI) announced a significant deployment of 30,000 VB400 body-worn cameras to the French National Police and Gendarmerie, valued at $17.5 million (€15 million). This initiative aims to enhance policing transparency and safety, aligning with the French government's objectives. The VB400 features high durability and a 12-hour recording battery, along with streamlined integration into the VideoManager evidence management system. This contract follows previous successful deployments, solidifying Motorola's position in the global body-worn camera market.
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