Boeing Sees a Growth Market in Cyber ProtectionJune 24, 2011
Boeing is looking for new revenue sources as the reality of declining defense spending sinks in, according to an article in The Wall Street Journal. Boeing hopes to offset U.S. defense spending cuts by marketing its helicopters, jet fighters and cargo planes around the world—especially in parts of Asia, the Middle East and Latin America, according to the article. Dennis Mullenberg, Boeing’s defense operations chief executive, forecasted that overseas business would jump to about a quarter of the unit’s revenue by 2013. That’s nearly three times the amount in 2006. Domestically, Chris Raymond, the head of strategy and business development for Boeing’s Defense Space & Security unit, thinks he might have found another solution. He sees “potentially” robust growth opportunities in cyber security protection and unmanned aircraft programs. Boeing expects the Pentagon’s contractors to face much stricter cyber-security requirements for military systems and Boeing could offer services and technologies to manage those needs. He sees Boeing's strategy as building its capabilities to help U.S. intelligence customers with "information sharing and information assurance," according to the Journal. At some point, Boeing may offer its cyber-security services to “other customers, both federal, and maybe someday, commercial entities," said Raymond. |
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