10/24/14 - Smiths Detection VP of Sales:
James Viscardi: While the government has cut back on its defense spending, it has not eliminated it. Homeland security remains a high priority. There is no question that our customers who had relied on grants from the government in the past to purchase defense and security products have faced challenges in receiving funding lately, but what I believe is happening now is they are reshuffling their spending priorities so that security does not fall by the wayside. Security and defense spending is cyclical and has historically been reactive, however I believe we are becoming more proactive in nature. This mindset will take time to change, but spending will follow. As terrorist plots grow more sophisticated and criminals become more elusive, we have no choice but to respond with increased security. At Smiths Detection we strive to offer our customers value. By providing them with a quality product that is reliable, customers can justify their purchase, because they will serve a long life with minimal maintenance.
