South Africa’s Armscor reveals outstanding offset obligations of USD100 million

South African defence acquisition agency ARMSCOR has revealed in its annual report that there were outstanding Defence Industrial Participation (DIP) obligations valued at ZAR1 billion (USD97 million) as of 31 March 2014.
The figure was revealed in the agency’s annual report, which was released on …read more

Source:: Janes (Naval)

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