Gripen International, Gripen International welcomes the approval of the third annual Report on Offset Performance in the Czech Republic covering the period to the end of 2006.
With the third offset performance report approved by the Czech Ministry of Defence, 8.7 billion CZK (34%) of the total offset commitment has been reached. The total offset obligation is to be fulfilled within a 10-year period from the effective date of the Offset Agreement, signed on 14th June 2004.
“We are very pleased to receive the positive report which confirms the approval of this third annual offset report. There is a milestone in the contract stating that we are required to reach at least 5.1 billion CZK (20%) by the end of 2006. This result means that we have passed the milestone with considerable margin. Our approach of facilitating lasting mutually beneficial partnerships that stimulate long-term growth has proven to be very successful. We will continue to support the development of Czech industry through the Gripen industrial cooperation program,” says Bengt Littke, Gripen Internationals Programme Director for Czech Republic
“The lease of the Gripen aircraft does not only mean the protection of Czech airspace, but it also brings direct economic benefits to Czech companies through offset programmes. In fact, the project thus benefits the Czech Republic twice,” says Andrej Cirtek, spokesperson of Czech Republic’s Defense Ministry.
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