January 26, 2016 / 5:21 PM / 2 years ago

Oil price drop not hitting Middle East arms orders: Lockheed

WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) is not seeing a big pullback in weapons orders from the Middle East and other regions as a result of lower oil prices, Chief Executive Marillyn Hewson said Tuesday.

    Hewson said Lockheed continued to see strong international demand for missile defense equipment, munitions and F-35 fighter jets, and oil-producing countries appeared to be scaling back other purchases rather than cutting weapons orders.

    Reporting by Andrea Shalal

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