Last August, not long after the devastating school shooting in Uvalde, Texas, officials in Houston—like many others across the state and the country—upped spending on safety measures. The city approved $2.3 million worth of new gear for its dedicated school security division. More than half of that money went to just one company: Motorola Solutions.
Motorola once dominated cell phones, but in the past few years it has become a huge player in public safety—one of the hottest areas in tech. While many big tech companies have struggled recently, Motorola sales and earnings per share both rose by double-digit percentages in 2022, while cash flow from operations increased 40%, and the company rose to No. 418 on the Fortune 500.
