Cyber Security Vendors Who May Benefit From Increased Gov Spending in 2013-14
According to Bloomberg, the following companies may see a piece of Obama's request to increase cyber security spending for the next fiscal year beginning Oct 1, 2013.
"The overall cybersecurity spending proposal of more than $13 billion is about $1 billion more than current levels, according to Ari Isaacman Astles, a spokeswoman for the White House Office of Management and Budget.
"Increased U.S. computer security spending may benefit SAIC Inc. (SAI) and Northrop Grumman Corp. (NOC) in the defense area and Dell Inc. (DELL) and Hewlett-Packard Co. (HPQ) in the federal civilian space, according to data compiled by Bloomberg Government.
"BAE Systems Plc (BAESY) is “actively pursuing a number of growth opportunities” in cyber spending, DeEtte Gray, president of the London-based company’s intelligence and security division, said in an e-mail.
"At Bethesda, Maryland-based Lockheed Martin Corp. (LMT), the largest federal contractor, “our portfolio of products, services, and technologies are well aligned with the government’s priorities” that include cybersecurity, space exploration, health care and energy, Jennifer Allen, a spokeswoman, said in an e-mail.
"A major potential contracting area in the budget is the coordination of fighting online attacks through the Comprehensive National Cybersecurity Initiative Five (CNCI-5), which “seeks to connect cybersecurity centers and other cybersecurity analytics electronically and in real time,” according to the White House.
“You’re starting to see the increase in the budgets to back up where they’ve been trying to take those networks,” Wendy Martin, vice president of advanced cyber solutions for Harris Corp. (HRS) said in an e-mail. “We think it’s all in a positive direction.”
"Booz Allen Hamilton Holding Corp. (BAH), SAIC and Northrop Grumman were the top three contractors in defense cybersecurity, according to data compiled by Bloomberg Government last year. Dell, Hewlett-Packard and Computer Sciences Corp. (CSC) were the top three cybersecurity providers to civilian agencies.
"Ralph W. Shrader, chief executive officer of McLean, Virginia-based Booz Allen, said in a Dec. 5 earnings call that his company had been changing its focus to “today’s most pressing needs” including cybersecurity and health care.
"Lockheed and General Dynamics Corp. (GD), based in Falls Church, Virginia, have expanded into both cybersecurity and health care. Lockheed conducts disability exams for the Department of Veterans Affairs and develops software for the Centers for Disease Control and Prevention. General Dynamics helps provide electronic medical records and information technology for federal health services.
"Rob Doolittle, a General Dynamics spokesman, declined to comment."