Lockheed eyes growth drivers with international sales of F-35

Defence contractor Lockheed Martin Corp expects progress on its F-35 Joint Strike Fighter, international sales and upgrade work for legacy fighter jets to fuel growth even as U.S. defense spending shrinks, its chief executive told Reuters on Tuesday.
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Robert Stevens told the Reuters Aerospace and Defense Summit that Lockheed, the Pentagon's No. 1 supplier, expects demand from other countries for older planes such as the F-16 multi-role fighter and C-130J military transport aircraft to bolster sales as the United States looks to reduce deficits.

"The overall level of defence spending will have an obvious effect on the degree to which we're able to grow the business," Stevens said at Reuters Washington, D.C. event

Still, "we have a strong core in our portfolio, and we believe we can grow that core," Stevens added.

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