The Indian Defence Ministry has imposed a fine of nearly €1m ($1.1m) on MBDA for delays in fulfilling offset obligations under the Rafale aircraft deal. The fine comes after India and France agreed to jointly manufacture aero engines under the Strategic Partnership Model.
Speaking at the December GICA conference, two Australian representatives outlined the country’s “new and enhanced” Australian Industrial Capability Programme (AIC). The new measures are designed to hold contractors accountable for their obligations and provide an “overall economic benefit” that goes beyond the defence sector.
2022 promises many in-person events.
The Tawazun Economic Council has signed a MoU with the UAE’s Ministry of Industry and Advanced Technology. The agreement is intended to adjust the procurement policies of public and private-sector entities to benefit national industry.
South Korea appears to have shelved plans for a new cross-ministerial strategy to boost its defence industry. The report will now only be shared internally and is restricted from external parties.
The Polish State Treasury has reached a settlement with Airbus Defence and Space over an unsigned contract for purchase of 50 multi-role H225M Caracal Helicopters. Negotiations were halted after the Polish government deemed Airbus’s offset proposal unsatisfactory, an insider told CTO.