Lockheed Martin (NYSE: LMT) plans to expand its local operations in Saudi Arabia, Japan, United Arab Emirates and India as 17 percent of its 2012 revenue came from international markets, Reuters reported Friday.
Andrea Shalal-Esa writes that Lockheed operates in 70 countries and in February opened a new headquarters in Riyadh, the Saudi capital.
Pat Dewar, Lockheed senior vice president for corporate strategy and business development, told Reuters that $8 billion of the company’s revenue came from foreign operations, 17 percent of its total $47 billion in revenue.
Dewar also told Reuters the company is certain it will reach its 20-percent goal for overseas revenue.
Lockheed sees more opportunities in overseas markets for areas such as cybersecurity and civilian projects, Dewar said to Reuters.