Security industry booms amid scanner rush

UPI
Wednesday, January 6th, 2010

Airport security buildups geared toward installing more body scanners at departure points have heartened investors who poured money into safety and security industries with the clear aim of profiting from current trends.

Amid low interest rates, investors moved large sums into security industries last year after expert forecasts that demand for equipment, expertise and services related to safety and security could only grow because of continuing threat perceptions worldwide.

Industry researcher Strategic Insight estimates that a record $400 billion moved into security industry bond funds during 2009, MarketWatch.com said.

The London Guardian newspaper said security industries hoped to profit from the current rush to install body scanners at airports and other checkpoints, including buildings, but there was little guarantee the new equipment would eliminate the threat.

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