Main headlines from this issue

Inconsistencies in Brazil’s approach to offsets examined – Navy sets penalties at 5 percent per month

Presentations at the GOCA/ADS Global Industrial Cooperation Conference in Izmir in May and the subsequent ECCO conference held during the Eurosatory exhibition in Paris in June were meant to depict an intimate relationship across Brazil’s armed forces. Instead, the conferences exposed the country’s approach to offsets as fractured and inconsistent.....

Norway approves BAE Systems contract with 100 percent offset

BAE is to initiate industrial cooperation with Norwegian industry equal to the value of the “main body” of the project.

India: Leaked document says some obligors receive gratuitous offset credits

A document leaked to India’s Business Standard newspaper suggests that the MoD is violating its offset regulations by awarding unjustified credits. The obligors identified in the document include Finmeccanica, Fincantieri, and Rosoboronexport.

EC commences infringement proceedings against Estonia

The European Commission gave Estonia two months to notify it of the measures the country is taking to transpose EU Directive 2009/81/EC on defence procurement.

Opportunity beats risk despite complex arrangements and long memories

“Have you turned down a deal because you were worried about that risk?” asked an official at the Bloomberg Government Defence Conference on Defence Globalisation. The answers were instructive.