On the same day that it announced a 23% drop in operating profit in its defense business amid shrinking margins, Boeing Co. received some good news. U.S. officials announced a $60-billion set of Foreign Military Sales to Saudi Arabia that includes updated Boeing F-15 fighter jets. “I would not characterize the prospects ahead of us in defense as wild-eyed growth, but I would suggest there is an opportunity to grow, with international [sales] and adjacent [markets] leading the way,” CEO James ...

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