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, No 23, Monday 10th December, 2012

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MAIN HEADLINES FROM THIS ISSUE:

  • South Africa: New Armscor board to clean up DIPs

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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.

  • Taiwan’s ICPO rejects foreign criticism of its offset practice

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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.

  • India: “Obligors took advantage of weak monitoring” – expect DPP 2013 in January

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    India’s Comptroller and Auditor General has found that in five contracts, worth R3,410 crore, the government accepted “ready-built equipment” as offsets, bringing in no added value.

  • Offsets may be a face-saver for FMS sales to Korea

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    “Perhaps we won’t get a discount, but we can at least ask for more attractive offset deals.”

  • Poland AND Patria to go head-to-head in court

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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…..

  • Austria: 200 percent offset deal lands EADS in double trouble

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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.

AND LOT'S MORE...

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