Global arms sales in 2011 for the U.S. tripled to 85.3 billion, though all other major arms suppliers other than France saw sales declines. Overall, 78% of global arms sales were from the U.S. in 2011. That's good news for U.S.-based defense contractors such as Lockheed Martin and Boeing, as these companies increasingly look abroad for revenue with defense cuts already in effect and sequestration looming.
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The article Where U.S. Defense Contractors Are Winning originally appeared on Fool.com.
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