Lockheed Martin Corp.‘s incoming president Marilyn Hewson recently announced the company is looking to increase export sales by around 20 percent throughout the next several years, AOL Defense reports.
She told AOL the company is currently targeting the Asia-Pacific and Middle East regions, adding that a wide-range of weapon offerings, including airborne ISR systems, may help drive international sales.
Hewson also said Lockheed will explore new deals within the European market, according to AOL.
The Bethesda, Va.-based firm has already opened a new security intelligence facility in London and is scheduled to open another in Australia.
Gerard Fasano, president of Lockheed’s information systems and global solutions, added the company considers UAE and Saudi Arabia as a big market for integrated air and missile defense systems, AOL reports.
In addition, United Technologies Corp.‘s subsidiary Sikorsky Aircraft Corp. also recently announced plans to target the international market in an effort to make up for lower defense spending, which is expected to be cut by $480 billion throughout the next decade.