But Kendall said the Pentagon is listening to industry’s concerns. He is due to unveil additional measures next week aimed at reducing cost overruns on weapons programs, including a bigger focus on promoting exports of U.S. technology, a move likely to be welcomed by industry.
The Pentagon this week announced $7.6 billion in potential sales of Lockheed missile defense systems to the United Arab Emirates and Qatar, and analysts see additional sales in this area on the horizon.
Lockheed, Boeing and Raytheon are likely to benefit from increased exports of U.S. defense equipment in coming years.
Lockheed’s F-35 Joint Strike Fighter and Boeing’s F-15 are competing for a huge South Korean fighter order that should be announced early next year.
Shipbuilders General Dynamics Corp (GD.N) and Huntington Ingalls Industries (HII.N) are also eyeing the possible sale of destroyers to Saudi Arabia, while Lockheed is promoting exports of its smaller coastal warship.