Boeing's defense business plans to compensate for an expected weakening of U.S. military sales through a sharp rise in international exports, the company's president said Sunday.
"We're seeing a flattening of the (U.S.) defense budget, but we see a lot of opportunities for us internationally," said Jim Albaugh, president and CEO of Boeing Integrated Defense Systems (IDS).
Boeing IDS already has moved aggressively into the international marketplace, and brought foreign sales up from 5 percent five years ago to a current export business worth $5 billion, or 16 percent of its sales.
"We think we can easily grow that to about 20 …
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