Dec 6, 2011
There’s good news at the end of the year. Tier 1 sub vendors can now discharge offset obligations on behalf of the main/prime vendor.
The order comes into force with immediate effect starting Dec 3, 2011.
“This will make life easier for OEMs,” says an Aerospace Diary reader.
The industry is now looking for the new Offset Policy that will incorporate changes including bringing in multipliers, we learn.