- The Financial Times and IHS Jane’s estimate that a dozen of the top prime defense contractors have a combined $75B worth of offset obligations, though there’s very little transparency around these deals. Lockheed Martin and Boeing lead the list, which is driven by large contracts in the Middle East and Asia. These offsets take sometimes surprising forms such as technical help provided to fisheries in Oman. More in the video below:
US Gov’t Shutdown Watch
- Attendance at defense trade shows, already down because of sequestration, is further depressed by the shutdown.
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