Deloitte Forecast Shows Global Defense Spending Shift to IT; Charles Wald Comments

Deloitte_ExecutiveBizA new Deloitte report depicts a shift in the types of defense-related goods and services governments are buying and for how much, Breaking Defense reported Monday.

Sydney J. Freedberg Jr. writes the Global Defense Outlook 2013 sees a decrease in military expenditures for the 50 nations that represent 97 percent of the world’s defense spending.

The report says governments are turning their focus from defense hardware such as conventional weapons and vehicles to information technology items such as software, sensors and communications systems.

“Firms that work the cyber side of this have not necessarily been associated with the defense industry in the past,” retired Air Force Gen. Charles Wald, chief of Deloitte’s Defense Department practice for federal government services, told Breaking Defense.

“Prescient firms on the civilian side, if they really have their stuff together, can make a profit and do well,” he said in the interview.

Share this story...Tweet about this on Twitter1Share on LinkedIn6Share on Facebook0Share on Google+0Email this to someone
Filed in: News Tags: , , , ,

You might like:

Deloitte’s Dan Helfrich: Federal Civilian Sector to See Opportunities in Gov’t Transformation Deloitte’s Dan Helfrich: Federal Civilian Sector to See Opportunities in Gov’t Transformation
Deloitte’s Terri Cooper Previews Federal Health Opportunities, Challenges in 2015 Deloitte’s Terri Cooper Previews Federal Health Opportunities, Challenges in 2015
Deloitte’s John Powers: DoD Acquisition Reform Should Encourage Innovation Deloitte’s John Powers: DoD Acquisition Reform Should Encourage Innovation
Deloitte’s Nathan Houser: Data Analytics, Visualization Tools Could Facilitate National Security Mgmt Deloitte’s Nathan Houser: Data Analytics, Visualization Tools Could Facilitate National Security Mgmt
© 2319 ExecutiveBiz. All rights reserved.