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HomelandDefenseStocks.com Follows the Money in Homeland Security Spending
[author:ECON Corporate Services Public time:Oct 17, 2006]

HomelandDefenseStocks.com Follows the Money in Homeland Security Spending, Funding and Contracts and the Impact on Stocks in Sector

Boeing and the Secure Border Initiative Looks to Surveillance, Sensors, Detection and Unmanned Aerial Vehicles Technology as Part of Comprehensive Solution

www.HomelandDefenseStocks.com (HDS), a global investor and industry news portal for the homeland defense and security sector, continues its InvestorIdeas.com™ ‘Follow the Money’ series with a look into the growth of government funding for the security and defense industry and its positive impact for homeland security and defense stocks. With the growing level of defense contracts strengthening the market, the much awaited SAIC IPO made a soaring debut last week up $3.18, on its opening day, a gain of approximately 21% from its $15.00 open.
With the recent signing by President George Bush of the Fiscal Year 2007 Homeland Security Appropriations Bill, the Department of Homeland Security will remain well funded as it continues to focus on key areas such as border security, and improvements within FEMA. The bill includes $34.8 billion in regular and emergency appropriations and an “unprecedented level of funding for critical components of our Secure Border Initiative (SBInet),” according to the Department of Homeland Security. This funding will be directed towards 1,500 border patrol agents, 6,700 detention beds, and $1.2 billion for border fencing, vehicle barriers, technology, and tactical infrastructure.

The Secure Border Initiative has been the focus amongst defense firms due to the amount of funding available. SBInet looks to establish a necessary and effective combination of current as well as next generation technology, infrastructure, response systems and staffing to provide a comprehensive border security solution.
Denis Amato, Executive Vice President and Portfolio Manager with Ancora Advisors, Ancora Homeland Security Mutual Fund explains, “With a bill now passed and both parties in agreement for the need, border and port security appears to be ready to expand although the debate still rages over whether the security should be at the receiving port or the shipping port. The two biggest companies which should benefit are OSI Systems and American Science and engineering with other smaller companies with new technologies such as Isonics hoping to benefit as well.”
As geopolitical tensions continue to escalate in areas such as North Korea, who recently threatened to conduct additional nuclear tests in response to the intervention efforts by the United States, the urgency within the homeland defense and security sector remains certain.
Full News: http://www.investorideas.com/Companies/ViewDocument.asp?ID=4705
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Otherinfo:Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@HomelandDefenseStocks.com, or afleming@HomelandDefenseStocks.com

Printed From:http://www.free-press-release.com/news/200610/1161095655.html
Source:Free Press Release