As defense contractors look overseas for sales to help them compensate for declining U.S. spending, some analysts question whether the foreign market will be as lucrative as companies hope/.../
But some are questioning how much other countries will be able to spend. Todd Harrison, a defense analyst with the Center for Strategic and Budgetary Assessments, said many foreign countries are facing their own budget problems.
"In previous instances when we were bringing down our defense budget, what we saw is that we were able to increase our foreign sales," he said. "This time ... many of our traditional allies, particularly in Europe, are facing economic and fiscal constraints that are just as severe if not more severe than our own/../"
Harrison said contractors will be looking to countries that are building up their weapons supplies, like India or countries in the Middle East.