TOM REYNOLDS / Lockheed Martin via EPA file
An undated Lockheed Martin Aeronautics image showing F-35 AF-1 and AF-2
planes over Edwards Air Force Base, California.Lockheed is one of the
companies that has given the United States dominance in the global
defense business
The United States remains by far the largest arms and military equipment provider in the world, but that dominance is expected to wane over the next eight years, with China and Russia boosting their defense industries, an analysis said on Wednesday.
"Two things are happening: budgets are shifting east, and global arms trade is [seeing] increasing competition," said Paul Burton, senior manager of IHS Jane's Defence, publisher of an authoritative weekly on defense issues.
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