PARIS AIR SHOW--U.S. officials have raised the possibility of blocking European defense companies from U.S. competitions, if the European Union does not relax the proposed rules of the $14 billion European Defense Fund (EDF) and Permanent Structured Competition (PESCO)--an initiative to build an EU defense force. "European countries enjoy a lot of business in the U.S.," Ellen Lord, U.S. undersecretary of defense for acquisition and sustainment, told reporters during a briefing here on June 17. "We want to make sure…
U.S. Officials Consider Retaliation If EU Does Not Relax Draft EDF and PESCO Language
Frank Wolfe
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