As companies continue to turn their eyes toward the Middle East and Asia for new business, a trend has emerged: The lines between commercial and defense businesses are increasingly blurring.
All but one company in the top 10 of this year’s Defense News Top 100 — our annual ranking of the largest global defense firms — saw the percentage of their defense business decline or remain flat in 2013. Thales, at No. 9, was the only company in the top 10 that saw growth in the percentage of its business generated by defense.
Defense-heavy companies, such as U.S. giant Lockheed Martin, which is once again at the top of the list, are diversifying their businesses. Lockheed is entering the commercial marketplace in areas such as air traffic management, aviation training and simulation, energy, and advanced manufacturing.
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