$3.5B In Defense Trade Offsets Reported In '08: DOC

Law360, New York (January 14, 2010, 1:28 PM ET) -- A new U.S. Department of Commerce report has found that billions of dollars in defense trade offset costs U.S. companies ran up in the past 16 years could have been used for their own research or to retain American workers if contracts had been awarded to other domestic companies.

Since 1993, U.S. companies have incurred defense offset-related costs with a total value of $49 billion, according to Commerce's Bureau of Industry and Security's 14th annual report to Congress on the impact of offsets in defense trade,...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers