Korea’s Defence Acquisition Program Administration (DAPA) has started signing new offset banking agreements. DAPA will not require contractors using banked credits to make a performance bond or pay penalties for non-performance. The organisation will also favour contractors with banked credits in the bidding process...
The German government is firmly opposed to offset, but how does the country’s security and defence industry feel? Dr Hans Christoph Atzpodien, the Federation of German Security and Defence Industries’ CEO, is more positive. He has called for the German government to consider reciprocity for defence procurement. He wants the government to stop regarding offsets as a private industry matter.
When, or if, the UK leaves the European Union, the country will remain bound by the EU’s defence directive. The 540-page agreement makes clear that the UK will remain subject to the directive at least during the transition period that will follow withdrawal. When this becomes more widely known, some people will have a full-blown anxiety attack.
Latvia has accused BAE Systems of failing to fulfil a commitment to carry out repair services locally following Latvia’s acquisition of 123 used armoured vehicles. The allegation was made on the country’s public broadcasting service, LSM. A BAE spokeswoman informed CTO...
The World Bank’s website was due to publish the final draft of a model law to ensure fairness, transparency, and accountability in offset deals as we went to press. Chantal Dagnaud, the European Club for Countertrade and Offset president, said: “It’s not a law as such. It’s a name.”