Homeland Protection Industry Foresees Numbers in Safety
Thats the opinion of Homeland Security Research Corp. In 2000, the market was $4 billion, according to the San Jose, Calif.-based market consultant. The federal government created DHS and pumped billions of dollars into airline security improvements immediately after the Sept. 11 attacks. The market hit $100 billion in 2003, and will climb to more than $170 billion by 2006, HSRC estimates.
Secretary Thomas Ridges staffers are still struggling to shape 22 agencies and 180,000 employees into a seamless whole. State and local governments are scrambling to digest available federal grants, while grumbling about the allocation formulas. A House appropriations subcommittee on June 3 approved $30.8 billion for DHS in fiscal 2005, a 5% increase over current levels.