China Military Growth Spurs Asia Demand for Boeing, Lockheed

China’s surging defense budget, the world’s second-biggest, is helping spur military spending across Asia, offering U.S. and European suppliers a chance to offset slowing demand at home. Lockheed Martin Corp. and Boeing Co. fighters will be on display at next week’s Singapore Airshow as the two biggest U.S. defense contractors prepare to compete with Eurofighter and Saab AB for a $7 billion South Korean order. The contest follows similar competitions in Japan and India.

See the full article at Business Week