Two Companies Are Now Poised To Dominate Global Arms Sales

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Boeing And Lockheed Positioning To Dominate Global Arms Market -- Forbes

Last week the nation's two leading military contractors reported second-quarter results, and although the numbers weren't all that bad, both companies said they needed to adjust their sales mix to maintain revenue growth in the future.

Specifically, Boeing and Lockheed Martin said they needed to grow international sales as domestic demand for military goods softens, a strategy that has already been embraced by many of their competitors. Lockheed Martin Chief Financial Officer Bruce Tanner stated a desire to grow overseas sales from 13 percent of current revenues to 20 percent, while Boeing Chief Executive Officer W. James McNerney stressed his company's need to boost military exports -- as opposed to commercial transport exports, where Boeing already sells most of its product overseas.

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Update: Boeing And Lockheed Poised To Dominate Global Arms Sales -- Defpro

My Comment: Both companies have products that the world recognizes to be the best. With international tensions and conflicts increasing .... not decreasing .... the market for their weapon systems can only boom in the years to come.