Just last month, a cyber-security budget from the DoD called for spending almost $23 billion through fiscal year 2018. The budget included initiatives to protect computer networks and to develop offensive capabilities. The budget requested $4.72 billion in fiscal 2015, $4.61 billion in 2016, $4.45 billion in 2017, and $4.53 billion in 2018, according to Bloomberg News, who obtained a copy of the budget document.
In comparison, the White House asked for $4.65 billion for the 2014 fiscal year in the budget proposal sent to Congress back in April. The 2014 figure is an 18 percent increase over this year's budget.
The Pentagon plans to spend $9.3 billion through 2018 for information-assurance systems that would block attackers and prevent disruptions on DoD's networks. Another $8.9 billion will be spent on cyber-operations, which would include both defensive and offensive capabilities. The U.S. Cyber Command's headquarters is projected to receive as much as $1.28 billion through 2018.
Eoin Treacy's view As the cloud becomes ubiquitous in how we
store, access and interact with our personal and business data, secure access
is becoming indispensible. Governments, corporations and individuals can all
be expected to prioritise both the ease of access and security of their information,
not least as more of our daily routine incorporates the internet.
Cisco Systems continues to extend its rebound from the $15 area and a break in the progression of higher reaction lows would be required to check upside potential. Sonus Networks has a similar pattern. BroadSoft Inc is rallying from the lower side of a medium-term range.
Check Point Software hit a medium-term peak 15 months ago but found support near $40 and broke out of a yearlong range earlier this month. Cubic Corp and Harris Corp are both testing the upper sides of lengthy consolidations.
Among other companies with a long record of receiving government contracts SAIC Corp found support in the region of the 200-day MA from late June and continues to bounce from that region. Mantech International bottomed almost a year ago near $20 and has held a progression of higher reaction lows since. A sustained move below $24.50 would be required to question medium-term recovery potential.