Mentioned:
The demand for less lethal weapons isn’t showing any signs of slowing down. Which is exactly why Byrna Technologies is getting ready to ramp up production.
What’s happening:
- Byrna Technologies (NASDAQ: BYRN) has announced they are beginning to meaningfully scale up the production of their less lethal pistols and rifles at their Indiana based manufacturing facility
By the numbers:
- Byrna Technologies will scale up their manufacturing capabilities to be able to produce 24,000 launchers monthly, which represents a 33% overall increase
- Byrna Technologies just recently announced they have sold more than 500,000 launchers since inception
Why it matters:
- Byrna Technologies has seen their less lethal weapons become a breakout success, just recently hitting a new all time high for quarterly sales
Going deeper:
- Due to the exceptionally high demand for their products, Byrna Technologies is also ramping up their ammunition production at a new facility located just a few miles away from their launcher factory in Fort Wayne, Indiana
