Main headlines from this issue

Israel prepares new regulations, will link undertaking to purchase agreement

Obligors will have to sign detailed undertakings under new regulations being prepared by Israel’s Industrial Cooperation Authority. The rules will also include milestone penalties and holdbacks on procurement payments. Obligors will work with one set of personnel at the ICA and another set at the Investment Promotion Centre.....

Australia introduces a complicated “clearer and simpler framework”

The Australian government intends to replace its Priority Industry Capability (PIC) and Strategic Industry Capability (SIC) plans with “a clearer and simpler framework.” A new Centre for Defence Industry Capability (CDIC) will assume a key role in managing the Australian defence industry.

Implementation delays will lead to cost escalation: “That is why everybody wants to do a programme in India.”

European firms operating in India’s offset environment want supply chain partners to work at 8, 10, or 12 percent margins. In India the cost of capital is 16 percent and no firm operates below 24 percent. “That is a very big challenge that we face when structuring offset programmes,” said.....

Polish Major General: “The defence ministry either does not know what it is doing or it is not being honest”

A retired Major General of the Polish Armed Forces has called for the defence ministry to conduct an urgent analysis of the preparation and execution of the tender for multi-role helicopters….. companies are forced to submit offset proposals which are then not taken into consideration.

China to provide $10bn in financing for Petrobras in exchange for oil

The Brazilian state-controlled oil company Petrobras said it has reached an agreement with the China Development Bank (CDB).....