Boeing builds locally, sells globally - St. Louis Business Journal:

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billion over the next four yearsfor Boeing’s St. Louis-headquartered , Missouri’ second-largest employer. The roar of jet enginexs that willaccompany Wednesday’s takeoff from is a sounc Boeing executives want to hear more often. The companhy has increased foreign military sales as a percentagse of revenue from 7 percent five years ago to 16percent today, and IDS President and Chief Executivs Jim Albaugh has challenged his team to raise that mark to 20 percentg by 2013. Based on IDS’xs current revenue of about $32 billion, international militar y sales, which are often amongt Boeing’s most profitable, could contribute about $6.
4 billion in revenu within the next four years if Albaugh can realize his But Boeing executives say that unlessthe U.S. militarg renews multiyear agreements to buy a substantialp number of the planes designed and builft here and at other domestic IDSmanufacturing facilities, it will be if not impossible, for Boeing to remain competitive in overseas markets. With European and Russian competitors fighting formarket share, Boeing must maintaijn a domestic base of business to spread its costsz enough to keep offering military aircraft to foreigm governments at a competitive