Lockheed Eyes Closer, Stronger Presence in Middle East

The maker of the F-35 fighter jet and Aegis missile systems still lags rivals Raytheon Company, with about 26% of sales from abroad, and Boeing’s defense division, which says about 42% of its backlog is outside the US. Both rivals are targeting 30% foreign revenue. Lockheed has already sold its Terminal High Altitude Area Defense (THAAD) missile defense system to the UAE, where it has a stake in a large aircraft maintenance and overhaul business. (Read more)