Defense Market Report

Armor Holdings Deserves a Look
By James. H. Smith

New York Stock Exchange-listed Armor Holdings Inc and Stewart & Stevenson Services Inc, also listed on that exchange, have completed their merger on May 25. The deal is valued at about US$1.1 billion.

Florida-based Armor Holdings is a diversified manufacturer of branded products for the military, law enforcement, homeland security and personnel safety markets, including vehicle armor systems. The company is a prime contractor for the US military's tactical wheeled vehicle fleet.

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Ft. Lauderdale Security Budget Expanded

...has come up with the funding so we can communicate better, provide equipment for first responders and do a better job in the event of some sort of incident...

New York City and Washington D.C. Security Budget Cut

the department of homeland security has put Washington, D.C. with the White House, capitol, Washington Monument, Lincoln Memorial in the low risk category for terrorist attack ...

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More arrests expected

Toronto mosque vandalized as police continue probe into homegrown menace

More arrests are expected on the heels of this weekend's stunning raids that netted 17 terrorism suspects in the Toronto area, Canada's senior lawmakers said yesterday.

Despite the arrests, and police assurances that the threat allegedly posed by this group had been "removed," security officials are still grilling individuals who may be connected, or may have vital information about the alleged plot to bomb targets in Ontario.

Source: The Ottawa Citizen
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DHS Announces $1.7 Billion in Homeland Security Grants

FY2006 Homeland Security Grant Program Allocations

The U.S. Department of Homeland Security announced today the recipients of $1.7 billion in fiscal year 2006 Homeland Security Grant Program (HSGP) awards. The grants will enhance the ability of states, urban areas, and territories to prepare for and respond to terrorist attacks and other disasters.

“Our goal is to greatly enhance the collective preparedness of the nation while making certain that finite resources are directed to areas most at risk and to solutions that are innovative and regionally driven,” said Homeland Security Secretary Michael Chertoff. “The department is committed to ensuring that our partners have the training, equipment, and resources they need to become better prepared.”

Source: Department of Homeland Security
>> click here for full story

Homeland Security Grants to New York Slashed

WASHINGTON, May 31 — After vowing to steer a greater share of anti-terrorism money to the nation's highest-risk cities, Homeland Security officials today announced grants to New York City and Washington that would be slashed by 40 percent, while dollars headed to spots including Omaha and Louisville, Ky., would surge.

The release of the 2006 urban area grant allocations, which total $757 million, drew an immediate condemnation from leaders of Washington and New York, the two targets of the 2001 terrorist attacks, as well as expressions of befuddlement by anti-terrorism experts.

"When you stop a terrorist, they have a map of New York City in their pocket," Mayor Michael R. Bloomberg said. "They don't have a map of any of the other 46 or 45 places."

Source: New York Times
>> click here for full story

HomelandDefenseStocks.com Announces New Featured Security Company, TraceGuard Technologies Inc, Targeting Airports and Border Crossings with Trace Extraction and Collection Systems

POINT ROBERTS, Wash., June 5th, 2006 – www.HomelandDefenseStocks.com (HDS) and www.BorderandPortSecurity.com (BPS) leading investor and industry portals for the homeland defense and security sector, announce new featured security technology company, TraceGuard Technologies Inc. (OTCBB: TCGD). TraceGuard Technologies is currently developing a portfolio of trace extraction and collection systems: CarrySafe, HoldSafe and CargoSafe at its new R& D center in Petach Tikva, Israel. The systems are designed to be used in screening methods for identifying drugs, explosive and biological threats at airports, border crossings and ports and can be integrated into existing systems.

The newly acquired facility gives the Company the ability to conduct required testing of its products, systems and technologies to bring the products to market. TraceGuard’s technologies target areas that face a potential high risk of terrorist attacks. CarrySafe is being designed to fully automate the extraction of explosive traces during the security screening of carry-on luggage. HoldSafe is being engineered to screen checked luggage and is designed to be easily integrated into existing Computer Tomography Explosive Detection Systems (CT-EDS) luggage screening systems; and the CargoSafe screening system for palletized cargo which is being designed to be integrated into cargo screening systems.

>> click here for full story

TraceGuard Technologies, Inc. (OTCBB: TCGD)develops solutions for the Homeland Security market. Our patented trace extraction and collection technology aims to set a new standard in automated explosive, drug and biological contaminant trace detection. http://www.traceguard.net

The Security Network

The Security Network will host the 3rd Annual The Security Summit on June 28th & 29th. This Exhibition and Competition will give companies focused on security the opportunity to showcase their ideas and products to a panel of judges and will provide government a look at exciting security technologies and services. Summit Registration: http://www.thesecuritynetwork.org/register.php; Exhibition & Competition Registration: http://www.thesecuritynetwork.org/register_expo.php

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Don’t miss your opportunity to attend SMi’s Conference on….

CBRN - Counterproliferation and Response
September 18th – 20th
Paris, France

Formulating a strategy to combat CBRN threats goes hand in hand with countering terrorism in the 21st century. Following the success of our annual conferences on Homeland Security and Maritime Security The SMi Group has produced an event focussed on CBRN counterproliferation and response, looking at the subject from both the civilian and military perspectives. At this event, attendees will have an opportunity to hear from experts involved in assessing the Washington anthrax incidents, the London 7/7 bombings and the aftermath of the Tokyo underground sarin attack.

SMi’s Conference on CBRN will focus on the role of international agencies such as NATO and the EDA in formulating multilateral CBRN strategies with regard to military and civilian response, resilience and non-proliferation. Attendees at this two-and-a-half-day conference will benefit from a first day of keynote speakers from multinational agencies providing information on lessons learnt and future policy.

Time will also be devoted to tackling issues surrounding national capabilities and requirements, force preparation, consequence management and civilian first responders. In addition, attendees can discover developments in detection, protection and decontamination equipment and technologies.

>> click here for more information

Additional Features:

HomelandDefenseStocks.com Featured Content

The SPADE Defense Index® (AMEX: DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with the defense, homeland security, and space marketplace.

The SPADE Defense Index has been developed to be used by investors, financial professionals, trade analysts, and media as a benchmark for publicly traded stocks involved in these business sectors. The Index can be used as the basis for a range of financial instruments including options and other derivatives, exchange traded funds,and conventional mutual funds.

Visit for more info: click here http://www.investorideas.com/Content_Partners/SI/Default.asp

Defense Market Report Exclusively with Jim Smith

James H. Smith is a freelance Homeland Defense Business Correspondent and print journalist for various defense trade magazines as well as being a frequent on-air television personality on MSNBC, CNN and the BBC discussing investment opportunities and financial activity within the defense, aerospace, and naval sectors. Mr. Smith has written for many of Euromoney's publications, such as Project Finance, Asset Finance International and Global Telecoms Business, as well as being a journalist for The International Securitisation Report, published by Thomson Financial. click here for articles and info : http://www.homelanddefensestocks.com/DMR/Default.asp

http://www.investorideas.com/Content_Partners/JM/Default.asp

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Dawn Van Zant Toll free: 800-665-0411
Email: dvanzant@HomelandDefenseStocks.com