FILE PHOTO: A U.S. soldier adjusts his cap in the cockpit as a Lockheed Martin F-35 Lightning II aircraft is moved on the eve of the 52nd Paris Air Show at Le Bourget Airport near Paris, France, June 18, 2017. REUTERS/Pascal Rossignol/File Photo
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The Trump administration rolled out a long-expected overhaul of U.S. arms export policy Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home.Companies that stand to benefit from the new policy most include Boeing Co and the other top U.S. defense contractors, Lockheed Martin Corp, Raytheon Co, General Dynamics Corp and Northrop Grumman Corp.Human rights will now carry equal weight alongside other considerations in planned arms sales including the needs of allied nations and the economic loss if the U.S. contractor does not win the sale when decisions are made on whether to approve an arms deal.The new policy will go well beyond a relaxation of rules for foreign military sales under President Barack Obama in 2014 that enabled U.S. arms contractors to sell more overseas than ever before.The planned revision of U.S. weapons export policy also includes a new drone export policy that allows lethal drones that can fire missiles and surveillance drones of all sizes to soon become more widely available to U.S. allies.
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