Growing internal and external security concerns across the globe, combined with ambition of some countries to gain military prowess has led to the growth of defense and security market in recent times. Defense and security market constitutes both three divisions of defense forces (Land, sea and air-based forces) and homeland security. Weapons and ammunitions used by defense and homeland security include fighting vehicles, surveillance equipment, security infrastructure, missiles, navy vessels, military transport, logistics vehicles and among others. Role of defense and homeland security departments is to protect land and sea borders from hostile countries and terrorist outfits, critical infrastructure security, security of people and law enforcement.
Source: Defense Industry Market Forecast
Federal contractors welcome civilian and defense rule changes | Federal News Network
Federal contractors are happy to see two procurement rule changes, one for
