Over the last couple of years, the US has faced a number of terrorist attacks and this has propelled of the DHS to undertake measures to counter any terrorist attacks and ensure adequate protection. The DHS’s counterterrorism responsibilities focus on preventing the unauthorized acquisition, importation, movement, or use of chemical, biological, radiological, and nuclear (CBRN) materials and capabilities within the United States. The department is also engaged in protecting the vital infrastructure and key resources of the country and identifying any events that might lead to terrorist attacks and other hazardous movements within the nation. The Boston Marathon bombings and the Los Angeles International Airport shooting have reinforced the need for counter terrorism measures and the country is expected to increase fund allocations for this purpose. As part of the 2014 budget, the DHS increased funding for research and development to address CBRN threats and undertaking the construction of a bio-containment facility, NBAF. Other significant fund allocations under this budget are for TSA Pre (security initiative for safeguarding the nation’s transportation systems), Securing the Cities (STC) program, and intelligence and targeting programs.
The US has a highly developed defense industry that is capable of fulfilling the majority of domestic military requirements, and the nation is also the largest global exporter of defense equipment due to its highly advanced defense industrial base. Despite this, the US has become increasingly open to importing arms goods from foreign defense equipment suppliers in the UK and Canada, and consequently, arms imports registered a steady increase during the review period; the majority of imports consist of subsystems and components for aircraft and armored vehicles. Despite the global economic slowdown, US defense exports continued to grow that year; the largest consumers of US defense goods during 2008-2012 were South Korea, Australia, and the UAE. While the country exports all types of defense equipment, the majority consists of fighter aircraft, missile defense systems, armored vehicles, engines, and sensors.
The companies mentioned in this report are Lockheed Martin, Raytheon , General Dynamics, Boeing, L-3 Communications, Northrop Grumman, Science Application International ,Honeywell International ,Sikorsky Aircraft. Please visit US Defence Industry (http://www.reportstack.com/
The US Defense Industry - Market Entry Strategy to 2018: Market Profile (http://www.reportstack.com/
The US Defense Industry - Procurement Market Dynamics to 2018: Market Profile (http://www.reportstack.com/