XXXV, No 2, 23/01/2017
Annual report to Congress describes low offset percentages and near death of U.S. offsets in Europe
The twenty-first annual report to Congress on the impact of offsets in defence trade suggests that U.S. prime contractors are running rings around the Bureau of Industry and Security. The report says that in 2015, U.S. firms entered into just three new offset agreements with members of the European Defence Agency. The three agreements were valued at $35.5m…..