Fergie's Tech Blog

U.S. Spy Agencies IT Spending Up to $16B

Via UPI.

Overall federal spending on information technology is flat or falling, but U.S. intelligence agencies' purchases will rise more than 8 percent a year to 2012.

INPUT, a research group that analyzes government contract markets, issued its annual forecast of federal IT spending over the next five years on Wednesday.

INPUT said spending by U.S. intelligence agencies is expected to increase from $11.1 billion in 2007 to $16.6 billion by 2012 -- a compound annual growth rate of 8.4 percent.

The growing numbers of intelligence professionals in the IT field and the agencies' expanding role in the U.S.-led war on terrorism are driving "substantial" IT spending, the group said in a statement.

posted by Fergie @ 6/20/2007 01:43:00 PM