MAIN HEADLINES FROM THIS ISSUE:

• Blenheim, Lockheed, Airbus, and DAPA clash in federal court

  Blenheim Capital Partners, Lockheed Martin and Airbus Defence and Space are pursuing their legal battle at the federal level. The federal court’s ruling, says Blenheim, will have major implications for private companies executing offset agreements with foreign governments.

• Lockheed submits bid for Greek corvettes, faces competition over local content

  Lockheed Martin, partnered with the US Navy, has submitted a proposal to supply four or five corvettes to the Hellenic Navy. The company is banking on local content to clinch the Greek contract.

• UK to launch new industrial participation policy by April

  The British Ministry of Defence (MoD) has committed to publishing a revised industrial participation policy by the end of the first quarter of 2022. The deadline comes as surprise to some defence industry members.

• Germany sells submarines to Israel – to fund 20 percent and buy back Israeli products

  Israel has awarded a €3bn (c. $3.4bn) contract to Thyssenkrupp Marine Systems (TKMS) for three diesel-electric submarines. Alongside the purchase, the Industrial Cooperation Authority (ICA) signed an industrial strategic cooperation agreement with Thyssenkrupp to invest in Israeli industries and enable reciprocal purchase of Israeli products. Thyssenkrupp will invest €850m ($955m) over 20 years.

• South Korea and UAE sign missile contract and joint technology deal

  South Korea and the UAE have signed a memorandum of understanding (MoU) to collaborate on defence technologies, including joint development of weapons systems. The deal comes after the two countries signed a $3.5bn MoU for surface-to-air missiles.