Lockheed Martin Corp (LMT.N) expects news about a multibillion dollar program to modernize the Saudi Arabian Navy in the next several months, senior company executives told Reuters at the Dubai Airshow on Wednesday after meetings with Saudi officials.

“We’re hopeful in the next several months that some clarity will present itself on how they want to go forward on what hull, what design, and what mission equipment,” said Patrick Dewar, executive vice president of Lockheed Martin International. […]