Motorola Solutions, Inc. provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios, fixed and mobile video cameras, and accessories; radio network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software, unified communications applications, and video software solutions through on-premise and as a service. It serves government, public safety, and commercial customers. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.
AI Generated Analysis | Feedback
Here are 1-3 brief analogies to describe Motorola Solutions (MSI):
- Raytheon for public safety and critical enterprise technology. (Analogous to a defense contractor, but focused on technology for police, fire, EMS, utilities, and other essential services.)
- Cisco Systems for mission-critical two-way radio and public safety networks. (Similar to how Cisco provides networking for businesses, MSI builds the secure, resilient communication networks for first responders and critical operations.)
AI Generated Analysis | Feedback
```html
- Land Mobile Radio (LMR) Systems: Provides mission-critical two-way radio communication systems for public safety and enterprise.
- Two-Way Radios: Offers a range of durable handheld and mobile radios for reliable voice communication.
- Command Center Software: Delivers software solutions for emergency call handling, dispatch, and incident management for public safety agencies.
- Video Security & Analytics: Supplies cameras, access control, and intelligent video analytics software for surveillance and security.
- Managed & Support Services: Offers comprehensive services for the maintenance, optimization, and technical support of its communication and security solutions.
```
AI Generated Analysis | Feedback
Motorola Solutions (MSI) primarily sells its products and services to other organizations (B2B) rather than directly to individuals.
Given the nature of its business, MSI's major customers are predominantly government agencies and a diverse array of enterprise and commercial entities across various sectors worldwide. As such, it is not typical to identify a short list of specific "customer companies" that are publicly traded with associated stock symbols, as would be the case for a component supplier or a company with a few dominant buyers. Their sales are distributed across thousands of governmental bodies and numerous commercial clients globally.
Instead, MSI serves broad categories of customers, which include:
- Public Safety & Government Agencies: This is Motorola Solutions' largest customer segment. It includes federal, state, and local law enforcement agencies, fire departments, emergency medical services, national security organizations, and other governmental bodies globally that rely on critical communications, command center software, and video security solutions. These entities are not public companies with stock symbols.
- Enterprise & Commercial Customers: This broad category encompasses a wide range of industries that require secure, reliable communications, video security, and analytics solutions. Key verticals include:
- Utilities: Electric, gas, water, and telecom service providers.
- Transportation: Airports, railway operators, port authorities, and public transit systems.
- Industrial & Critical Infrastructure: Manufacturing, mining, oil & gas, and other large industrial operations.
- Other Commercial Sectors: Hospitality, education, healthcare, and large retail chains for internal communication and security needs.
AI Generated Analysis | Feedback
Greg Brown, Chairman and Chief Executive Officer
Greg Brown has served as the Chairman and Chief Executive Officer of Motorola Solutions since 2008. Prior to joining Motorola in 2003, he was the Chairman and CEO of Micromuse, a company he led which was subsequently acquired by IBM in 2003. During his tenure at Motorola, he led the acquisition of Symbol Technologies for $3.9 billion. Under his leadership, Motorola Solutions has completed over 50 acquisitions and oversaw the split of Motorola into Motorola Mobility and Motorola Solutions in 2008. Motorola Solutions received a $1 billion investment from the private equity firm Silver Lake Partners in 2015.
Jason Winkler, Executive Vice President and Chief Financial Officer
Jason Winkler was appointed Executive Vice President and Chief Financial Officer of Motorola Solutions on July 1, 2020. He has held various financial leadership positions within Motorola Solutions since joining the company in 2001, including finance lead for the products and sales group, global sales and services, North America, chief of staff to the chairman and CEO, and senior director of investor relations. Before his time at Motorola, Winkler worked at Oracle and Hewitt Associates (now AON).
Jack Molloy, Executive Vice President and Chief Operating Officer
Jack Molloy serves as the Executive Vice President and Chief Operating Officer, overseeing the company's global commercial strategy and daily business operations, including sales, services, government affairs, and marketing. With over 31 years at Motorola Solutions, he has held numerous leadership roles in sales organizations, systems integration, managed & support services, and product development teams. He has been instrumental in driving strategic acquisitions and business integrations, expanding the company's video security portfolio.
Mahesh Saptharishi, Executive Vice President and Chief Technology Officer
Mahesh Saptharishi is the Executive Vice President and Chief Technology Officer, responsible for the company's global product organization and overseeing product development for critical communications, video security, and command center solutions. He joined Motorola Solutions in 2018 following the acquisition of Avigilon, where he was the Senior Vice President and Chief Technology Officer. Prior to Avigilon, Saptharishi founded VideoIQ, a video analytics company that was acquired by Avigilon, and also founded Broad Reach Security, which was later acquired by GE.
AI Generated Analysis | Feedback
The shift towards Mission Critical Push-to-Talk (MCPTT) over commercial and private broadband networks (4G LTE, 5G) presents a clear emerging threat to Motorola Solutions' traditional Land Mobile Radio (LMR) business. While LMR systems (e.g., P25, TETRA) are renowned for their mission-critical reliability and direct mode capabilities, advancements in cellular technology, coupled with the standardization of MCPTT by 3GPP, are enabling robust and increasingly capable broadband-based communication alternatives. This trend could progressively reduce the long-term reliance on dedicated, expensive LMR infrastructure and devices for an expanding segment of public safety and enterprise users. Although Motorola Solutions offers its own Push-to-Talk over Cellular (PoC) solutions (WAVE PTX) and participates in broadband deployments, the growing capability and cost-effectiveness of broadband-based MCPTT could lead to a gradual cannibalization of its core, higher-margin LMR sales and services over time.
AI Generated Analysis | Feedback
Motorola Solutions (MSI) has an addressable market of $66 billion for all its segments combined. This market size is considered global, as no specific regional limitation was provided in the source.
AI Generated Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Motorola Solutions (MSI) over the next 2-3 years:
-
Expansion of Software and Services, including Cloud and AI-powered Solutions: Motorola Solutions anticipates continued strong demand and growth in its Software and Services segment. This includes increasing adoption of cloud and Software-as-a-Service (SaaS) solutions, particularly in video security, command center software, and advanced analytics powered by Artificial Intelligence (AI). The company's strategic focus on recurring revenue streams from these higher-margin offerings is a key growth driver.
-
Growth in Video Security and Access Control: The company is actively expanding its offerings in video security and access control, driven by new product innovations and strategic acquisitions. This includes integrated physical security suites, AI-powered video analytics, and solutions for various sectors such as public safety, enterprise, and retail. Acquisitions like Avigilon, Pelco, Openpath, and IPVideo have significantly bolstered this portfolio.
-
Sustained Demand for Land Mobile Radio (LMR) Communications: LMR systems remain a critical component for public safety and enterprise customers globally, ensuring a steady revenue stream for Motorola Solutions. The company continues to innovate within this segment, introducing new broadband-enabled radios and updating existing products, which drives device sales, software upgrades, and infrastructure expansion.
-
Strategic Acquisitions and Partnerships: Motorola Solutions consistently leverages strategic acquisitions to expand its product offerings, technological capabilities, and geographical reach. Recent examples include Silvus Technologies, RapidDeploy, Theatro, Futurecom Systems Group, Rave Mobile Safety, and 3tc Software, all of which enhance its portfolio in mission-critical communications, command center solutions, and public safety software. The company also forms strategic alliances with government agencies and other technology providers to deploy advanced communication and security infrastructure.
-
International Market Expansion and Public Safety Initiatives: Motorola Solutions is actively targeting growth in new geographical markets, particularly where there is increasing demand for public safety and enterprise security solutions. The company's focus on essential security and communication products, coupled with long-standing relationships with government and public safety customers worldwide, positions it to benefit from infrastructure development and rising urbanization rates that create a need for enhanced security services.
AI Generated Analysis | Feedback
1. Share Repurchases
- Motorola Solutions repurchased $804 million of its common stock in 2023 and $836 million in 2022.
- In 2024, the company repurchased $244 million of its common stock at an average price of $396.69 per share.
- The Board of Directors has authorized an aggregate share repurchase amount of up to $18.0 billion with no expiration date. As of December 31, 2024, approximately $2.2 billion of this authority remained available for future repurchases.
2. Share Issuance
- In 2023, Motorola Solutions generated $104 million in net proceeds from the issuance of common stock, primarily related to its employee stock option and employee stock purchase plans.
- Net proceeds from the issuance of common stock in connection with employee stock option and employee stock purchase plans amounted to $156 million in 2022.
3. Inbound Investments
- No significant inbound investments by third-parties were prominently reported within the provided financial summaries for the last 3-5 years.
4. Outbound Investments
- Motorola Solutions acquired Silvus Technologies for $4.4 billion in May 2025, a significant investment in radio systems for various verticals.
- The company's acquisitions and investments, net of cash acquired, totaled $282 million in 2024, $180 million in 2023, and $1.2 billion in 2022.
- Key acquisitions in recent years include Rave Mobile Safety (December 2022), IPVideo (December 2023), 3tc Software (November 2024), and RapidDeploy (February 2025), expanding its public safety and video security offerings.
5. Capital Expenditures
- Capital expenditures were $257 million in 2024, $253 million in 2023, and $256 million in 2022.
- The company's capital expenditures averaged $245.2 million from fiscal years ending December 2020 to 2024.
- Expected capital expenditures for 2025 are projected to be approximately $250.5 million.
