Axon (AXON) Secures Major Federal Contracts for Body Cameras, Dr

A class action lawsuit filed against Axon Enterprise in California alleges the company unlawfully collected and stored license plate data from millions of drivers without proper disclosure. The plaintiffs seek over $5 million in damages and an injunction to stop the practices. Axon has not yet responded to the allegations, which center around the company's AI-powered license plate reader network. The case highlights growing concerns about AI surveillance and data privacy.

Axon Enterprise, Inc. announced contract wins with federal agencies, including 22,000 body-worn cameras and digital evidence management licenses. The Department of Homeland Security selected Axon's Dedrone platform for airspace monitoring, while the Department of Veterans Affairs added 1,600 TASER 10 devices for VA police officers.

Axon Enterprise (NASDAQ:AXON) won federal contracts for 22,000 body-worn cameras, digital evidence licenses, Dedrone counter-drone tech, and 1,600 TASER 10 devices for VA police. The contracts span federal law enforcement, homeland security, and veteran healthcare. Axon cited growing adoption of its tech ecosystem across agencies.

TD Cowen reiterated a Buy rating on Axon Enterprise (AXON) with an $825 price target, citing growth in its Enterprise business and strong financial performance. The stock is down 46% from its 52-week high. Axon reported a 38.5% increase in annual recurring revenue and a 41.1% rise in future contracted bookings. The company plans to offer $1.0 billion in 0% convertible senior notes due in 2031.

The Los Angeles City Council delayed a $235-million, 10-year contract with Axon Enterprise for license plate readers and other tech, citing concerns over misuse. The LAPD had approved the deal, but the council voted 10-4 to send it back for reconsideration. Axon's proposal includes plate scanners, body cameras, Tasers, and AI-assisted programs. The council seeks clearer policies on data use and privacy before proceeding.

LA City Council delayed a pilot program to place ALPR cameras on streetlights, citing privacy concerns. The program, part of a $235M contract with Axon Enterprise, was referred to a committee for further review. Axon's contract includes patrol-car cameras, body-worn cameras, and AI features for report drafting. The LAPD updated its ALPR policies to strengthen privacy protections.