Jun 13, 2018 SOURCE: © CTO Data Services Co.
RAYTHEON AND LOCKHEED ACCEPT 100 PERCENT LIQUIDATED DAMAGES FOR POLAND’S ‘PATRIOT’ CONTRACT
Poland’s Ministry of National Defence has signed offset agreements with both Raytheon and Lockheed Martin for the first stage of the WISŁA air defence system. Both contractors surrendered to the 100 percent penalty provisions, though with qualifications.
Poland’s 2014 Offset Act prohibits signing the supply agreement before the offset agreement. The...
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