Where U.S. Defense Contractors Are Winning
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.Andrew Tonner and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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