Slow growth seen for foreign military sales
Ask a top U.S. aerospace and defense (A&D) contractor how it plans to offset potentially deep cuts in Pentagon budgets and you will hear a common refrain: exports. Lockheed Martin is aiming to raise non-U.S. sales to 20% of its total, up from 17% today. â€śInternationalâ€ť sales already account for a quarter of Raytheon's business, and the company intends to drive that even higher. â€śWe see a lot of growth in the Middle East and Asia-Pacific,â€ť says Marillyn Hewson, Lockheed Martin's new CEO. ...
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