Lockheed Martin creates international arm in sales push
Patrick Dewar to head Lockheed Martin International
The F-35 Joint Strike Fighter. Photograph: U.S. Navy photo courtesy Lockheed Martin via Getty Images
Like its rivals Boeing and Raytheon, Lockheed has made foreign sales a priority as it grapples with billions of dollars of US defence budget cuts in recent years. But it remains more exposed than its competitors to the domestic market.
The maker of the F-35 stealth fighter jet and Aegis missiles made about 17 per cent of its $47 billion of revenue abroad in 2012, or $8 billion. – (Reuters)