Defense sector rallies on L.I. Changing national security needs help key sector rebuild.(Special Report: Commercial Real Estate)(Long Island)(Column)

Crain's New York Business, October, 2004 by Koss-Feder, Laura

Byline: laura koss-feder For decades, Long Island's once-mighty defense industry did nothing but retreat, leaving behind a trail of vast empty buildings and armies of laid-off workers. No longer. In the past three years, the remnants of that industry have staged a remarkable rally, powered by a tide of defense spending by the federal government, which is waging war in Iraq and fighting terrorism around the globe.

Companies on Long Island such as Northrop Grumman, Telephonics and EDO are adding staff and the space to house them. Some companies are leasing space in properties that they sold off during the lean years. Others are building state-of-the-art facilities. "There are different homeland security needs now, and defense companies are hiring in...

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