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Thank you -- is talking about playing out all defense now increasing -- demand for US military equipment appears to be benefiting.
The defense stocks.
-- Ling Kent joins us with more.
From the -- -- and -- Hi guys that US arms companies are seeing a really significant rise in foreign demand as US defense officials face tighter budgets here in common other countries.
Modernize their forces a senior air force officials said at a -- their show yesterday air force arms sales to international buyers.
Doubled over the past two years.
And -- further increases are expected -- take a look at the current landscape here 2800.
Foreign military sales cases are happening.
All valued at a hundred in 38 billion dollars with sales to over 100 countries according to top contractors like Raytheon the demand for missile defense and electronics is coming from primarily.
The Middle East.
And Asia not from Europe over in Europe defense budgets are tightening -- and CEO William Swanson told Reuters that top executives -- -- meeting with international buyers.
He said there over books their top customers Kuwait Turkey and -- Looking at aerospace and defense contractor's performance 28 of the 34.
Are posting double digit gains to date take a look.
At it gencorp and Boeing there and companies like Sikorsky aircraft run by United Technologies.
Are also saying international sales may account for more than half or half at least half of their annual military aircraft Lebanese state and.
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