|
Offset Agreement
Offsets are compensatory trade agreements, reciprocal trade agreements, between an exporting foreign company, or possibly a government acting as intermediary, and an importing entity. Offset agreements often involve trade in military goods and services and are alternatively called: industrial compensations, industrial cooperation, offsets, industrial and regional benefits, balances, ''juste retour'' or equilibrium, to define mechanisms more complex than counter-trade. Counter-trade can also be considered one of the many forms of defense offset, to compensate a purchasing country. The incentive for the exporter results from the conditioning of the core transaction to the acceptance of the offset obligation.Ianakiev, Gueorgui (2014), " Defence Offsets : Regulation and Impact on the Integration of the European Defence Equipment Market ", in Bellais, Renaud (ed) (2014), "The Evolving Boundaries of Defence : An Assessment of Recent Shifts in Defence Activities ", Emerald Group Publishi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counter-trade
Countertrade means exchanging goods or services which are paid for, in whole or in part, with other goods or services, rather than with money. A monetary valuation can however be used in countertrade for accounting purposes. In dealings between sovereign states, the term bilateral trade is used. Types of countertrade There are six main variants of countertrade: *Barter: Exchange of goods or services directly for other goods or services without the use of money as means of purchase or payment. :''Barter is the direct exchange of goods between two parties in a transaction. The principal exports are paid for with goods or services supplied from the importing market. A single contract covers both flows, in its simplest form involves no cash. In practice, supply of the principal exports is often held up until sufficient revenues have been earned from the sale of bartered goods. One of the largest barter deals to date involved Occidental Petroleum Corporation's agreement to ship sulph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EADS
Airbus SE (; ; ; ) is a European multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide and manufactures aircraft throughout the world. The company has three divisions: '' Commercial Aircraft (Airbus S.A.S.)'', '' Defence and Space'', and ''Helicopters'', the third being the largest in its industry in terms of revenues and turbine helicopter deliveries. As of 2019, Airbus is the world's largest airliner manufacturer. The company's main civil aeroplane business is conducted through the French company Airbus S.A.S., based in Blagnac, a suburb of Toulouse, with production and manufacturing facilities mostly in the European Union and the United Kingdom but also in China, the United States and Canada. Final assembly production is based in Toulouse, France; Hamburg, Germany; Seville, Spain; Tianjin, China; Mobile, United States; and Montreal, Canada. The company produces and markets the first commercially viable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurofighter Typhoon AUT
The Eurofighter Typhoon is a European multinational twin-engine, canard delta wing A delta wing is a wing shaped in the form of a triangle. It is named for its similarity in shape to the Greek uppercase letter delta (Δ). Although long studied, it did not find significant applications until the Jet Age, when it proved suitabl ..., multirole combat aircraft, multirole fighter. The Typhoon was designed originally as an air-superiority fighter and is manufactured by a consortium of Airbus, BAE Systems and Leonardo S.p.A., Leonardo that conducts the majority of the project through a joint holding company, Eurofighter GmbH, Eurofighter Jagdflugzeug GmbH. The NATO Eurofighter and Tornado Management Agency, representing the UK, Germany, Italy and Spain, manages the project and is the prime customer. The aircraft's development effectively began in 1983 with the Future European Fighter Aircraft programme, a multinational collaboration among the UK, Germany, France, Italy and Spain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Foreign Military Financing
The Foreign Military Financing (FMF) program provides grants and loans to help countries purchase weapons and defense equipment produced in the United States as well as acquiring defense services and military training. FMF funds purchases are made through the Foreign Military Sales (FMS) program, which manages government-to-government sales. On a much less frequent basis, FMF also funds purchases made through the Direct Commercial Sales (DCS) program, which oversees sales between foreign governments and private U.S. companies. FMF does not provide cash grants to other countries; it generally pays for sales of specific goods or services through FMS or DCS. The State Department's Bureau of Political-Military Affairs and the latter's Office of Security Assistance set policy for the FMF program, while the Defense Security Cooperation Agency (DSCA), within the Defense Department, manages it on a day-to-day basis. Security Assistance Organizations (SAOs), military personnel in U.S. emb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agusta Scandal
The Agusta scandal (french: Affaire Agusta, nl, Agustaschandaal), alternatively known as the Agusta–Dassault Case, was a major political scandal which occurred in Belgium during the 1990s, based on allegations that two multinational companies had used bribery to secure large defence procurement contracts. The companies in question, Agusta and Dassault, bribed numerous political office-holders in 1988 in order to secure a large order of Agusta A109 helicopters and the contract for re-fitting Belgian F-16 Fighting Falcon fighter jets respectively. The scandal came to light during investigations into the death of the socialist politician André Cools in 1991 and an official enquiry was opened in 1993. Numerous senior figures in both Walloon and Flemish socialist parties were implicated, including the incumbent Secretary General of NATO Willy Claes who was forced to resign. The Agusta scandal was the first of a series of highly publicised scandals in Belgium. It was followed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lockheed Bribery Scandals
The Lockheed bribery scandals encompassed a series of bribes and contributions made by officials of U.S. aerospace company Lockheed from the late 1950s to the 1970s in the process of negotiating the sale of aircraft. The scandal caused considerable political controversy in West Germany, Italy, the Netherlands and Japan. In the U.S., the scandal nearly led to Lockheed's downfall, as it was already struggling due to the commercial failure of the L-1011 TriStar airliner. Background Through the Emergency Loan Guarantee Act of 1971 the Emergency Loan Guarantee board was created to manage federally guaranteed private loans up to $250 million to Lockheed Corporation. The guarantee program would have the U.S government assume the private debt of Lockheed if it defaulted on its debts. In 1975 Lockheed did not go into default. In August 1975 the board investigated whether Lockheed violated its obligations by failing to tell the board about foreign payments made to Lockheed. On October 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defense Security Cooperation Agency
The Defense Security Cooperation Agency (DSCA), as part of the United States Department of Defense (DoD), provides financial and technical assistance, transfer of defense matériel, training and services to allies, and promotes military-to-military contacts. Security Cooperation (SC) is founded on a tradition of cooperation between the United States and other sovereign nations with similar values and interests in order to meet common defense goals. It consists of a group of programs authorized by the U.S. Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act, as amended, and related statutes by which the DoD or commercial contractor provide defense articles and services in furtherance of national policies and objectives. History Founded in 1971, the Defense Security Assistance Agency was renamed the Defense Security Cooperation Agency effective October 1, 1998. Foreign military sales (FMS) Foreign military sales (FMS) and International Military Education an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Department
The United States Department of State (DOS), or State Department, is an United States federal executive departments, executive department of the Federal government of the United States, U.S. federal government responsible for the country's foreign policy of the United States, foreign policy and foreign relations of the United States, relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the President of the United States, U.S. president on international relations, administering List of diplomatic missions of the United States, diplomatic missions, negotiating international treaties and agreements, and representing the United States at the United Nations Security Council, United Nations conference. Established in 1789 as the first administrative arm of the Executive branch of the U.S. Government, U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Defense
The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces. The DoD is the largest employer in the world, with over 1.34 million active-duty service members (soldiers, marines, sailors, airmen, and guardians) as of June 2022. The DoD also maintains over 778,000 National Guard and reservists, and over 747,000 civilians bringing the total to over 2.87 million employees. Headquartered at the Pentagon in Arlington, Virginia, just outside Washington, D.C., the DoD's stated mission is to provide "the military forces needed to deter war and ensure our nation's security". The Department of Defense is headed by the secretary of defense, a cabinet-level head who reports directly to the president of the United States. Beneath the Department of Defense are th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Military Sales
The United States Department of Defense's Foreign Military Sales (FMS) program facilitates sales of U.S. arms, defense equipment, defense services, and military training to foreign governments. The purchaser does not deal directly with the defense contractor; instead, the Defense Security Cooperation Agency (DSCA) serves as an intermediary, usually handling procurement, logistics, and delivery, often providing product support, training, and infrastructure construction (such as hangars, runways, utilities, etc.). FMS is carried out with countries that are authorized to participate and is subject to approval based on the mechanism to procure services, a deposit in a U.S. trust fund or appropriate credit, and approval to fund services. On any given day, DSCA is managing “14,000 open foreign military sales cases with 185 countries,” the DSCA director Lieutenant General Charles Hooper explained at the Brookings Institution in June 2019. Some U.S. Air Force (USAF) FMS programs are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Agusta Scandal")
