The two-year countdown to Britain’s withdrawal from the European Union has been officially triggered by Prime Minister Theresa May, raising questions about the impact on the U.K. defense sector and the future for cooperation between the U.K. and the remaining 27 EU member nations at the industrial level.

 

The letter invoking Article 50 — the formal notification of Britain’s intention to exit the organization, or Brexit — was delivered to EU President Donald Tusk on March 29, signaling the start of what will be a two-year negotiation of terms and conditions on trade and many other key issues before the U.K. officially severs its ties. Continue reading.