For PSCs there is an upside to the economic downturn
Feb 11, 2009 Commentary, Jake's Posts
By Jake Allen
Despite Dyncorps’ reporting of an increase in profits of 65% for 2008 times are tough out there in the private security market for most firms. Contracts are harder and harder to come by. NGO funds are drying up and that means less projects and less spending for security. Traditional big spenders such as governments are presently focused on job creation and fixing the banking sector and this pushes security issues off the front pages of the papers. The good news in all this despair is that these harsh market conditions are going to thin out a lot of the non-hackers in our sector.
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