The continuing threat of terrorism has given the U.S. security industry a boost, as new companies emerge to provide technology and training to keep people and businesses safe. The homeland security business is booming in Los Angeles and other U.S. cities. Exact numbers are hard to come by, but analyst Jack Riley of the Rand Corporation estimates annual U.S. government spending on homeland security totals at least $40 billion, and private spending probably equals that. “And then there are the investments that state and local governments and other entities might be making as well, so we’re probably talking about a total value of activity that’s at least near $100 billion,” he said. Full Story
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