The Industrial Cooperation Program Office (ICPO) has published three new guideline documents on offset valuation and monitoring procedures. Some industry partners only learned of the documents’ existence through website monitors or word of mouth.
Japanese Prime Minister Fumio Kishida has met with his Italian and British counterparts Giorgia Meloni and Rishi Sunak, respectively, for the first time since the launch of the Global Combat Air Programme (GCAP). Both meetings saw breakthroughs in Japan’s defence and industry ties with European nations.
Rheinmetall has secured a triple-digit million-euro contract to build a new explosives plant in Várpalota, Hungary. The ammunition will be used in Lynx IFVs, PzH 2000 howitzers and Leopard 2 battle tanks, according to Hungarian Defence Minister Kristóf Szalay-Bobrovniczky.
Slovakia has confirmed the scope of its contribution to BAE Systems Hägglunds’s CV90s under a US$1.37bn deal for 152 vehicles. The country is teaming up with the Czech Republic to produce common components, spare parts, and logistical support.
Canada has announced plans to buy 88 F-35As for CA$19bn (US$14bn), the largest investment in the Canadian fleet in 30 years. Defence Minister Anita Anand sidestepped concerns about affordability and financial sustainment by emphasising the aircraft’s economic benefits for Canadian industry.