Yahoo Finance

Investors often focus on the U.S. defense budget when assessing Lockheed Martin but growing military spending in Europe can benefit the weapons maker, too. “We are trying to establish more production and more supply chains in Europe,” said Raymond Piselli, Lockheed’s vice president for international business, according to the company. Roughly one-quarter of Lockheed’s sales go to international customers, with Europe representing about 40% of the international total.