Pilatus sold 75 PC-7 Mk II trainers, like this Bruneian example, to India. However, the Swiss company is one of many struggling to fulfil offsets obligations. (Gordon Arthur)
Foreign OEMs are agonising over India’s changing offsets policy over the past 15 years. Convoluted regulations have entangled them in a $100 million quagmire of penalties, lack of options when tapping local products, financial books blemished by years of pending dues, and regular threats of being blacklisted by the MoD.
It is expected that half of all contracts will be charged penalties within the next two years. OEMs have called for an end to the stalemate, suggesting an empowered dispute resolution body for legacy contracts.
They could then start on a clean page, as Defence Acquisition Procedure (DAP) 2020 can
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For all the bombastic talk from Russian President about the hitting power of the new RS-28 Sarmat 'super heavy' ICBM, observers are highly sceptical that it will enter service in 2023 as claimed.
Rheinmetall is setting up a JV with Hungarian partners to drive armed forces digitalisation in Hungary.
Even though the US has a powerful arsenal and an extensive defence budget, it has been unable to prevent the actions of Russian President Vladimir Putin and has failed to deter China’s growing territorial and maritime ambitions.
A new partnership between Jankel and IDES is intended to exploit Australian market opportunities such as SOF capability modernisation under Project Greyfin (Land 1508).
Leidos Australia will oversee a new system to maintain medical data for ADF personnel.
Political, diplomatic and military discussions — undertaken since the Russian invasion of Ukraine began — will result in Finland becoming a member of NATO with broad popular support.
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