Stock Track | Byrna Technologies Soars 5% as it Plans 33% Increase in Launcher Production to Meet Rising Demand

Stock Track12-18

Byrna Technologies Inc. (BYRN) stock soared 5.00% on Tuesday in a sign of investor optimism regarding the company's plans to ramp up production as demand for its less-lethal personal security solutions continues to grow.

On Tuesday, Byrna announced that it will increase its monthly production of Byrna launchers by 33% to 24,000 units starting January 2025. This production boost will be achieved by implementing two full shifts at the company's Fort Wayne facility, with additional weekend capacity available as needed. Byrna also revealed plans to begin manufacturing its payload ammunition domestically at a new facility near the launcher factory.

These moves are part of Byrna's strategy to bring all production to the United States and achieve 100% domestic sourcing for its flagship Byrna SD launcher by the end of 2025. The company cited the benefits of reduced supply chain risks, improved quality control, faster lead times, and the ability to market its products as "Made in America."

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