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22 Nov 2011

9/11: A Windfall for Homeland Security Companies

While there’s certainly an argument to be made over whether government spending on homeland security since 9/11 has made the nation safer, companies like Rapiscan Systems, makers of security screeners for passengers and cargo, have seen a decade of financial bonanza.

Rapiscan’s parent company, OSI Systems, reported revenues of $656.1 million, a 10 percent increase from the $595.1 million reported for fiscal 2010. The company has had steady growth and income since the Sept. 11, 2001 attacks, as the Department of Homeland Security tightened screening at airports, sea ports and borders – all in response to the trail of the 9/11 terrorists.

Read the complete article at The Fiscal Times

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