The Senate has ratified the Defense Trade Cooperation Treaties with the U.K. and Australia as a way to reduce barriers to the exchange of military equipment and information between the U.S. and two of its closest allies. The treaties will also have significant benefits to the U.S. defense industry. "In the short term, the treaty will accelerate the pace of existing business," said Remy Nathan, vice president of international affairs at the Aerospace Industries Association. "Over
time, there would be a potential growth of new business opportunities."