Results for tag: "Offset"

The Offset market is a form of international trade in which a company or government procures goods or services from another country in exchange for a commitment to purchase goods or services from the other country. This is often done to promote economic development in the other country, or to gain access to technology or resources not available domestically. Offset agreements are typically structured as a barter transaction, with the two parties exchanging goods or services of equal value. Offset agreements are often used in the defense industry, where governments may require a certain percentage of the value of a defense contract to be offset by the purchase of goods or services from the other country. This is done to ensure that the other country benefits from the contract, and to promote economic development in the other country. Some companies in the Offset market include Boeing, Lockheed Martin, Northrop Grumman, Raytheon, and General Dynamics. Show Less Read more