Government Contractors May Be Biggest Stimulus Winners
While the U.S. House and Senate must still reach a compromise of their versions of the Economic Stimulus legislation, it’s already apparent that significant dollars will go to physical security, information security and R&D of new technologies. The major sectors: Federal and state government; labor, health and education; energy and the environment; agriculture and rural development; commerce, justice and science; and defense and security. The latter – one of the smallest sectors in terms of dollars – will cover research and development as well as other spending areas. All the sectorswill have security spending opportunities.
While criticism has centered in part on wasted money, it’s also obvious that a lot of the money over the course of time will go to government contractors who already have strong ties to local, state and federal agencies and the military through technology, integration, development, outsourcing and consultant services.