Heard at the Credit Suisse 4th Annual Industrials Conference

|By:, SA News Editor

Lockheed Martin (LMT) sees 7% revenue growth in 2017 and expects annual sales rising 3%-5% over the "next few years."

Currently gets 60% of sales from DoD and there is "bipartisan support for more defense spending." The company is hopeful the sequestration will be removed from the FY18 U.S. budget.

Sikorsky integration is proceeding well - on track to achieve $150M in Sikorsky synergies by 2018 - but says helicopter sales will only rebound when oil prices rise.

Sees F-35 as biggest growth driver over next five years and expects about 50% of F-35 orders to come from outside the U.S.