Arms Export Reform Act of 1987

[AI summary unavailable — showing source text] Arms Export Reform Act of 1987 - Requires the President to submit to the Congress a certification in the case of any letter of offer under the Arms Export Control Act, any application for an export license, and any lease or loan agreement relating to certain military equipment regardless of the dollar amount involved in such sale, export, lease, or loan, specifically: (1) turbine-powered military aircraft, rockets, missiles, anti-aircraft artillery, and associated control target acquisition and electronic warfare equipment and software; (2) helicopters designed or equipped for combat operations; (3) main battle tanks and nuclear-capable artillery; and (4) submarines, aircraft carriers, battleships, cruisers, frigates, destroyers, and auxiliary warships. Sets forth the information to be contained in the President's certification to the Congress. Prohibits the issuance of any such letter of offer and export license and the making of any such lease or loan to: (1) the North Atlantic Treaty Organization, any member country of such Organization, Japan, Australia, New Zealand, or any country which is a party to the Camp David Accords, or an agreement based on such Accords, if the Congres…