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Emphasis shifts to analytical tools rather than building sturdier walls
The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it
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Intel No.1 on EPA Green Power Partner list
Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power
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U.K. Ministry of Defense selects BAE for SSEI
The Software Systems Engineering Initiative (SSEI) aims to reduce the cost and speed up production of the software; the government has identified such software as “the critical enabling technology” for modern platforms; BAE’s Military Air Solutions will lead a consortium to manage the project
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In anxious markets, defense contractors are a safe, stable bet
Market anxiety and worries about recession notwithstanding, U.S. defense companies are doing fine — and expect to be doing fine in the coming year; an analyst says that the defense industry is “a pillar of stability compared to the turbulent markets in other industries”
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New direction charted for wartime contracting
Government watchdog organizations say the cost of the war in Iraq has ballooned, in part, because of the dearth of trained acquisition professionals assigned to the theater and the failure of federal agencies to establish a uniform set of procurement policy guidelines
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American Superconductor's New York grid work moves forward
Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward
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Invenergy, GE Energy in $1 billion wind turbine deal
Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE
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VC investing rises 11 percent in 2007 to $29.4 billion
2007 saw U.S. VC funding continue to grow the fourth year in a row; there were 3,813 venture deals totaling $29.4 billion; clean technology, life sciences lead investments
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L-1 to acquire biometric access control specialist Bioscrypt
L-1 continues its expansionthrough-acquisition campaign; the latest acquisition is Candian biometrics specialist Bioscrypt; the acquisition would give L-1 a position in both the biometric physical and logical access control spaces as well as far more exposure to the commercial market than it currently has
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John Stroia joins SIA board
Stroia, a sixteen-year veteran at Diebold, now leads the company’s government security sales organization and event monitoring team; SIA, a 300-member strong trade association, represents electronic and physical security product manufacturers, standard specifiers, and service providers
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Two Florida companies see their stock prices increase 35% in 2007
Melbourne, Florida, is home to two security companies: Communication manufacturer Harris and biometrics specialist Authentec; both companies saw the price of their stock increase by more than 35% in 2007
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China attracts $3.18 billion in venture capital in 2007
In first eleven months of 2007, China has attracted $3.18 billion in venture capital, up 78.9 percent from 2006; 428 contracts were signed
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Homeland Security Investors Conference opens tonight
More than 300 middle-market homeland security industry executives, investors, and prime defense contractors who are looking to exploit opportunities afforded by the growth in the homeland security and government services market will attend homeland security investors conference
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Global venture capital investments are up
In 2007, VC investment is expected to top $40 billion at the close of the fourth quarter while the number of deals should reach about 3,884, or similar to levels in 2003.
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U.S. VCs rate Israel highly as target market for investment
Israel leads a group of four countries — the others are Canada, India, and China — as a market for high-quality deals; U.S. VCs said the four countries were by far the most “seductive” markets for investments
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More headlines
The long view
Factories First: Winning the Drone War Before It Starts
Wars are won by factories before they are won on the battlefield,Martin C. Feldmann writes, noting that the United States lacks the manufacturing depth for the coming drone age. Rectifying this situation “will take far more than procurement tweaks,” Feldmann writes. “It demands a national-level, wartime-scale industrial mobilization.”
Trump Is Fast-Tracking New Coal Mines — Even When They Don’t Make Economic Sense
In Appalachian Tennessee, mines shut down and couldn’t pay their debts. Now a new one is opening under the guise of an “energy emergency.”
Smaller Nuclear Reactors Spark Renewed Interest in a Once-Shunned Energy Source
In the past two years, half the states have taken action to promote nuclear power, from creating nuclear task forces to integrating nuclear into long-term energy plans.