XXVIII, No 2, 25/01/2010
Fourteenth Annual Offset Report to congress reveals falling values, rise of directs
The fourteenth Annual Report to Congress on the Impact of Offsets in Defence Trade has revealed a large drop in the value of new offset agreements. In 2008, fourteen U.S. defence contractors reported making 52 new offset agreements with seventeen countries. The deals were valued at $3.48bn, an amount equal to 57.1 percent of the total $6.10bn in reported foreign defence sales.