Jan 21, 2019 SOURCE: © CTO Data Services Co.
INDIA: PENALTIES THUMP LOCKHEED AND TEXTRON BUT BOEING WRIGGLES FREE
India’s Ministry of Defence has penalized two firms for failing to fulfil offset obligations. A third narrowly escaped.
The MoD cashed in about $500,000 from a Lockheed Martin performance bond established for a procurement signed in 2013 for a second batch of six C-130 aircraft. The agreement, worth Rs 4,000-crore ($584.71m),...
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