Boeing continues international market push
The cuts to the US defence budget mean that Boeing's defence business is now getting a quarter of its sales from the international market.
Speaking on the sidelines of the Shangri-La Dialogue in Singapore, Dennis Muilenburg, the head of Boeing Defense, Space and Security, told reporters that 24% of the company's revenues in 2011 was non-US. As total revenue remained flat this indicates a drop in US business that is being made up by increased international sales.
Muilenburg said that long-term the company was targeting international sales to be between 25-30%. As budgets in Europe are also being cut Boeing
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