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, No 24, Monday 21st December, 2020

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MAIN HEADLINES FROM THIS ISSUE:

  • Israeli minister calls for Thyssenkrupp blacklisting

    Israel’s Minister of Economy, Amir Peretz, has called for the government to blacklist Thyssenkrupp Marine Systems. Peretz claims that the company has failed to discharge offset obligations derived from the sale of three submarines and from Israel’s activation of an option to buy four ships. The submarine purchase is politically sensitive and has been the subject of controversy in Israel, with allegations of high-level corruption.

  • Australia’s policy: “Harder than traditional offsets

    David Peckham, a Thales Industry Engagement Manager, has described the Australian Industry Capability (AIC) and Global Supply Chain (GSC) programs as “possibly even harder than traditional offsets.” For contractors confronted by the procedure for the first time, listening to his comments would have been a harrowing experience…

  • Initial framework contract places Airbus at the heart of Spanish program

    Spanish industry has secured the initial framework contract of the Future Combat Air System’s (FCAS) demonstrator phase. Airbus will take a primary role at the heart of Spain’s participation, working directly with European partners and wider industry in support of Spain’s contribution to the program.

  • Saudi Aramco expands flagship commercial localisation program

    The state oil company Saudi Aramco has announced the expansion of its flagship program to increase local content and boost domestic supply chains. The expansion includes plans for new international partnerships and establishing companies through an Industrial Investment Program linked to the development of Aramco’s business.

  • Lockheed Martin releases rosy report on its Australian industrial cooperation

    Lockheed Martin Australia has released a review of the company’s economic impact across the Australian economy. The review, conducted by advisory firm AlphaBeta, part of Accenture, found the company’s impact to be significant. Every AUD$1 of direct output generates an additional AUD$1.70 of indirect economic impact.

AND LOT'S MORE...

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