Foreign sales are becoming increasingly important to U.S.-based defense contractors. Many Asian countries are ramping up their defense spending, while U.S. defense spending on new systems remains relatively flat. As part of a proposal to win sales in India, Lockheed-Martin and Boeing have both indicated that they will manufacture fighter jets in India rather than simply exporting them from the U.S.
Swift, an essential part of the international banking system, is being used by cybercriminals, possibly in North Korea, to steal millions of dollars from more than a dozen banks in underdeveloped countries. The crimes point to big trouble in the cross-border transfer of money, the basic plumbing of global finance.
Given Eritrea’s minimal phone and Internet access, it’s hard to draw attention to its economic and political problems.
North Korea is now attracting foreign companies that have a tolerance for risk and government meddling and China is leading the pack. What are the risks and rewards of marketing north of the DMZ and why are companies acting so quickly?