Kuwait’s Council of Ministers has passed a resolution suspending the offset program on all government defence and civil procurements, current and future. The decision reflects the council’s recognition that the Kuwait Direct Investment Promotion Authority (KDIPA) is not ready to manage the offset program, and won’t be for some time.
The Turkish government has decided that each ministry participating in the new civil industrial participation program can apply its own offset policy. There will be no central authority. The penalty for non-performance has been set at.....
A review of the DIP policy is imminent following the release of the South African Defence Review 2014. We are told that the Defence Review still needs to be approved by Parliament and only then might Armscor re-evaluate the current DIP policy to ensure alignment with the document.
Two evidence leaders have accused the commission of deliberately excluding them from meetings, and challenged its credibility.....
Mitsubishi Heavy Industries’ swelling participation in the F-35 stealth fighter program could be delayed for the second straight year by an intra-governmental spat over subsidies.