U.S. arms exporters not yet panicking over oil prices.
Position | From the National Defense Blog: NationalDefenseMagazine.org/blog |
* U.S. defense and aerospace firms eventually might have to starting worrying about falling oil prices, but not quite yet. While $50-a-barrel oil is good news for airlines and for consumers in general, if prices stay low for the foreseeable future it could put a damper on U.S. exports to the Middle East, analysts have warned. Oil producing countries in the Middle East are among the biggest buyers of U.S. high-tech weaponry and commercial aircraft.
Executives at Lockheed Martin, which has in recent years signed billions of dollars worth of weapons sales to Middle Eastern nations, say it is too soon to panic. "I don't think any of us will be bold enough to predict how...
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