U.S. Excluded From Europe’s $165B Rearmament Project: Report

News Snapshot:

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. American arms companies are to be excluded from a €150 billion ($165 billion) defense spending initiative by the European Union (EU), according to the Financial Times, which cited unnamed officials. The exclusion would also reportedly cover weapons systems sold by a third country where the U.S. has "design authority," meaning it imposes restrictions on their manufacture, such as the Patriot missile system. However, this exclusion would not apply if the U.S. signs a defense and security partnership with Brussels, the FT reported....