Cybersecurity market to grow up to 8% per year

12/30/2008 | Bloomberg

Boeing Co. and Lockheed Martin Corp. formed new business units this year with the goal of tapping the potential $11 billion cybersecurity market. Lockheed executives say the field is growing quickly, and they expect continued expansion under President-elect Barack Obama. Meanwhile, industry observers predict security-system spending will grow up to 8% annually.

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