MAIN HEADLINES FROM THIS ISSUE:

• Canada’s new ‘Value Proposition Guide’ is a crossword wrapped in a puzzle

  Industry Canada has released its Value Proposition Guide. Canada has chosen a points-based approach, repeating the complexities of the Greek and Turkish strategies that bamboozled the offset community a decade ago.

• Korean audit uncovers undelivered technology transfers – someone will be fined

  An investigation by Korea’s Audit Board has found that the Surion helicopter project has failed because the technology transfer agreement with Airbus Helicopters covers only 134 out of the 450 components necessary to assemble the power delivery system.

• Egypt intends to swap a Russian tourist for a banana

  President Abdel Fattah Al-Sisi of Egypt has instructed the cabinet to study how to apply a barter system to correct the tourism drought from Russia following the sinking of the rouble…..

• Poland settles “difficult” offset agreement with Kongsberg

  The Polish Defence Ministry has signed an agreement with Kongsberg Defence Systems for 24 naval strike missiles and equipment worth 800m zlotys ($175m). The missiles will be manufactured in Norway but…..

• “Dutch industrial participation clinches JSF acquisition”

  The Netherlands Ministry of Defence has told the Lower House that it is ready to order the first eight F-35 fighter jets. The Defence Minister asserts in a letter that the involvement of Dutch industry is a major reason for the decision.