Boeing targets doubling of Middle East defense sales

Reuters - 11/21/2012

Boeing expects to double revenue from its defense and security business in the Middle East over the next two years as recent turmoil in the region drives up demand for arms. Gulf Arab states and other Middle Eastern countries that witnessed the Arab Spring uprising are "shopping" for new high-tech military equipment as they swap out older weaponry and invest in new capabilities, Jeff Johnson, president of Boeing Middle East said at the Reuters Middle East Investment Summit.

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