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, No 10, Monday 24th May, 2021

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MAIN HEADLINES FROM THIS ISSUE:

  • Australia: Primes that don’t meet AIC commitments will face “consequences”

    In the annual address to the Defence Connect Budget Lunch, Australia’s Minister for Defence Industry, Melissa Price, laid out a hard line for contractors who fail to meet their Australia Industry Capability (AIC) commitments. “I have and will continue to hold the primes to account on their AIC commitments,” Price declared. “It’s not enough to say you’re going to do something…”

  • Naval Group runs into more heavy seas in Australia submarine project

    It’s been little more than a month since Naval Group signed up for a 60 percent industrial participation commitment for Australia’s submarine programme, and already the project is taking criticism. Rex Patrick, an independent senator for South Australia, launched a blistering attack on the procurement.

  • Alstom to increase local content in Ukraine to 35 percent for supply of electric locomotives

    Alstom, a French multinational rolling stock manufacturer, is ready to increase the level of local content in its contract for the supply of electric locomotives to Ukraine, French Finance and Economy Minister Bruno Le Maire has said.

  • $3.7BN and growing – The value of India’s defence offsets

    India is continuing to increase the value of its defence offsets. The cumulative value of defence offsets in India reached just over $3.7bn on May 11, 2021, an increase of $467.7m since October 8, 2020. The value of obligations approved as discharged also increased significantly.

  • IAI to establish a Boeing 777 conversion facility in South Korea

    Israel Aerospace Industries’ Aviation Group has signed a Memorandum of Agreement with the Incheon International Airport and Sharp Technics to build an aircraft conversion site in South Korea. The facility will specialise in converting Boeing 777-ERSF planes from passenger to freighter. “IAI has transferred production of business jet wings, main frame, and parts of the tail to Korean companies…”

AND LOT'S MORE...

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