Defense & Security Stocks: Axon vs. Teledyne - Which Offers Greater Upside?

Axon Enterprise and Teledyne Technologies are two defense and security stocks with strong growth prospects in the public safety and surveillance industries. Axon's Connected Devices segment has seen 29.1% YoY growth in 2025, driven by virtual reality training services and TASER 10 handle equipment. Teledyne is benefiting from rising defense spending in Europe and a steady rebound in commercial air travel. However, both companies face challenges such as escalating costs and expenses that impact their margins and profitability.