Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (NYSE American: BKTI) has secured a purchase order from Marine Corps Base Camp Pendleton for its innovative BKR 5000 portable communications technology. This order is part of the base's life cycle replacement program for the Camp Pendleton Fire Department (CPFD), which consists of 175 first responders managing fire suppression, emergency medical response, and more. The BKR 5000 is designed to enhance communication capabilities in demanding environments, supporting BK Technologies' growth in new vertical markets.

BK Technologies Corporation (NYSE American: BKTI) has announced an amendment to its contract with a U.S. Department of Energy agency, increasing the contract ceiling from $4.2 million to $7 million. The revised one-year contract, effective from June 2021 and expiring in June 2022, allows for the provision of KNG2 and KNG Digital P-25 radios across over 35 sites in the U.S. This amendment reflects the agency's confidence in BK's technology, following BK's initial selection as a sole-source provider due to performance and pricing evaluations.

BK Technologies (NYSE American: BKTI) announced a purchase order from the Walla Walla Police Department for its BKR 5000 portable communications technology. This order was facilitated through Advanced Paging and Communications, an authorized dealer. Walla Walla, home to around 34,000 residents, will benefit from enhanced communication capabilities for its police officers. Tim Vitou, President of BK Technologies, expressed excitement about this new partnership, emphasizing the importance of reliable communication for public safety. BK Technologies manufactures high-quality communications equipment for first responders.

BK Technologies Corporation (NYSE American:BKTI) announced the retirement of Bill Kelly, Executive Vice President and Chief Financial Officer, after a 26-year tenure. Kelly will assist in the transition until June 30, 2022. His contributions have been instrumental in developing a strong finance organization. CEO John Suzuki acknowledged Kelly's impact, noting the company’s readiness for future success. BK Technologies focuses on manufacturing reliable communications equipment for public safety professionals.

BK Technologies Corporation (NYSE American: BKTI) has secured a $1.0 million purchase order from the U.S. Department of Agriculture Forest Service (USFS) for its new BKR 5000 portable communications technology. This order is part of a 5-year Blanket Purchase Agreement established in May 2021. Tim Vitou, president of BK Technologies, emphasized the importance of reliable communication in wildfire management and highlighted the BKR 5000's compatibility with legacy equipment. This contract signifies ongoing collaboration and confidence in BK Technologies' offerings.

BK Technologies Corporation (NYSE American: BKTI) appointed Inez M. Tenenbaum and R. Joseph Jackson to its board of directors, effective December 17, 2021. Tenenbaum, a former chairman of the U.S. Consumer Product Safety Commission, brings extensive expertise in consumer safety and education. Jackson, managing partner at Metrolina Capital Partners, has significant experience in private lending and real estate investments. The company aims to leverage their skills to drive growth and enhance governance as it serves public safety communications needs.

BK Technologies Corporation (BKTI) declared a quarterly dividend of $0.03 per share, up from $0.02, reflecting the company's financial strength and strategic confidence. This marks the twenty-third consecutive quarterly dividend and will be paid on January 24, 2022, to stockholders of record by January 10, 2022. Chairman General Gray Payne highlighted the importance of the capital return program in demonstrating the company’s commitment to its shareholders.

BK Technologies Corporation (NYSE American: BKTI) anticipates closing fiscal 2021 with record bookings exceeding $54 million. The company plans to ship and recognize revenue from these orders in 2021 and the first half of 2022. CEO John Suzuki highlighted strong demand for their portable communications technology, particularly the BKR 5000, leading to historic booking levels. BK Technologies manufactures reliable communications equipment for public safety professionals and government agencies, emphasizing its commitment to serving those in critical response roles.

BK Technologies Corporation (NYSE American: BKTI) has announced a $5 million share repurchase program approved by its Board of Directors. The program allows for immediate repurchases with no expiration, utilizing cash on hand and operational cash flow. CEO John Suzuki emphasized the commitment to shareholder value and capital allocation strategies aimed at growth in the first responder market. The timing and volume of repurchases will depend on market conditions and other factors.