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In a pejorative commentary on its predecessors the Armscor board has declared that it is not satisfied with Armscor’s management of South Africa’s Defence and Industrial Participation (DIP) agreements. One company has to date failed to discharge its obligation while others seemed to have chosen for themselves the areas and manner in which to discharge theirs.
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The Deputy Director of Taiwan’s Industrial Cooperation Programme Office (ICPO) Jesse Ho has rejected as unwarranted the concerns raised by some foreign defence contractors that the offset selection and management processes are seriously flawed.
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India’s Comptroller and Auditor General has found that in five contractsworth R3410 crore the government accepted \"ready-built equipment\" as offsets bringing in no added value.
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“Perhaps we won't get a discount but we can at least ask for more attractive offset deals.”
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Finnish defence contractor Patria is resorting to international arbitration to resolve a dispute concerning offset obligations with the Polish government. Patria faces severe non-performance penalties if it loses.....
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A €1.75bn contract with Austria in 2003 for the purchase of fifteen Eurofighter jets from EADS is heading for trouble over the offsets that were supposed to have been fulfilled.
"