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Boeing Sees Foreign Arms Sales Balancing Pentagon Spending Slowdown

DDN

Friday, July 9th, 2010

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Boeing [BA] executives said they hope to grow their international military sales as Pentagon spending is set to slow dramatically in the coming years. "We see a definite counterbalance in the international market," Jim O'Neill, the company's vice president for integrated logistics, told reporters at a briefing in Arlington, Va. He added, however, "the preponderance of the [Defense Department's] insourcing right now is in the acquisition corps, which doesn't affect logistics that much." "I'd say the jury is still out…

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