Main headlines from this issue

India’s civil offset policy faces fatal setback

Ambitions for a National Offset Policy (NOP) in India have crumbled after ministers who had previously agreed to implement the civil policy backtracked.

Canada: Boeing has already identified 60 percent of benefits for $1.2BN Chinook obligation

Boeing has sold fifteen new CH-47F Chinook helicopters to Canada for about $1.2bn and has contracted to provide Canadian industry with contracts and investments of equal value. The Chinooks will be built in Delaware County, Pennsylvania.

Ukraine to transfer hovercraft technology to China

China's navy is to purchase four Ukrainian military Zubr class hovercrafts in a $315m deal that will see a second pair built in China under the supervision of Ukrainian technicians.

Novel financial terms to provide Thailand with shipbuilding capability

BVT Surface Fleet (BVT) has sold Thailand a license to build an Offshore Patrol Vessel at a price described as bargain basement. The rub is that Thailand has had to contract for long-term servicing and supply of equipment which will generate income for BVT for years to come.