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Boeing continues international market push

1st June 2012 - 09:38 GMT | by Darren Lake in Singapore

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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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Darren Lake

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Darren Lake


Darren has more than two decades of experience in aerospace and defence journalism. After completing …

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