Despite gloomy budget outlook, IT industry seeing green.

• Jurisdiction: United States
• Date: 01 December 2011
• Author: Erwin, Sandra I.

* The industry that provides software and computer networks to the Defense Department unlike the weapons manufacturing sector, does not see gloom and doom on the horizon.

The IT sector, in fact, expects to thrive in the near term, as the military services continue to modernize their information systems, analysts said.

The Pentagon's budget request for fiscal year 2012 includes $38.4 billion for information technology. That is nearly half of the entire federal government's $80.9 billion IT...