Beltway Bandit Watch: Lockheed, Boeing Tap $11 Billion Cyber Security Market
Gopal Ratnam writes for Bloomberg News:
Lockheed Martin Corp. and Boeing Co., the world’s biggest defense companies, are deploying forces and resources to a new battlefield: cyberspace.More here.
The military contractors, eager to capture a share of a market that may reach $11 billion in 2013, have formed new business units to tap increased spending to protect U.S. government computers from attack.
Chicago-based Boeing set up its Cyber Solutions division in August “because of a realization by the company that it’s a very serious threat,” Barbara Fast, vice president of the unit, said in an interview. “It’s not a question of if we’ll be attacked but when and so how will we be prepared.” Lockheed launched its cyber-defense operation in October.