The Supreme Court of Canada has issued a decision relating to letters of credit associated with an offset dispute case between Canada’s Bombardier and the Hellenic Ministry of National Defence. The offset dispute is linked to Greece’s purchase of ten firefighting amphibious aircraft from Bombardier in November 1998.
RTX’s local subsidiary, Raytheon Polska, signed an agreement with Huta Stalowa Wola S.A. (HSW) on 12 August to produce 48 M903 launchers for six Patriot air defence batteries in Poland. HSW will act as a subcontractor to Raytheon for the delivery of the systems to the Polish Armed Forces.
Norway’s Kongsberg will build a facility in Australia to manufacture and maintain its Naval Strike Missile (NSM) and Joint Strike Missile (JSM), through a transfer of technology. Backed by an AUD850m (USD576m) investment from the Australian government, the facility will be the first outside Norway to produce these weapons.
Turkey and Spain have reached an advanced stage of negotiations over a military aircraft swap. If finalised, Turkey will acquire Airbus A400M military jets in exchange for its domestically produced Hürjet training aircraft. The potential swap deal is valued at around EUR720m (USD793m).
Indian defence manufacturer Tata Advanced Systems Limited (TASL) has completed all administrative procedures and entered the implementation phase to establish a military vehicle manufacturing plant in Morocco. To this end, Tata has established a new entity in Morocco called Tata Advanced Systems Maroc Construction.
Kazakhstan is planning to localise three oil and gas production facilities this year in collaboration with global manufacturers. The Central Asian country is focusing on increasing local content in oil and gas equipment to support and promote domestic manufacturing and local suppliers.