Gripen Offset Programme Highlights
- The programme has been running since June 14, 2004, and will continue until December 31, 2014, which means that its duration will be slightly more than ten years.
- The offset commitment is equal to 130% of the value of the Gripen lease contract, i.e. CZK 25.5 billion.
- The programme consists of different offset transactions which have been gradually included in the programme during the ten years for which it has been running. As of December 31, 2013, the programme comprised 51 registered offset transactions.
- A direct offset is defined as a project implemented in the defence or aerospace industry, including civil aviation. Indirect offsets may take place in any other industry.
- The offset is defined in Czech legislation and does not consist in a direct foreign investment. In fact, the offset generates a new economic benefit for the Czech Republic through revenues produced as a result of foreign investments, new export contracts or transfers of technologies.
- The Gripen Industrial Cooperation Programme Performance Report sets the overall value of the programme achieved as of December 31, 2013, at CZK 29.2 billion, which translates into 114% of the total offset commitment. The programme’s performance will continue until the direct offset commitment has been fully met.
Last updated: 10 April 2015 • 11:17