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The Warsaw Voice » Business » October 24, 2002
OFFSET
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Lockheed Proposals for Small Businesses
October 24, 2002 By A.R.    
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Lockheed Martin Aeronautics Company has signed five new letters of intent with Polish small and medium-sized enterprises regarding "offset" programs for advanced technology. The company also announced a plan to establish advanced technology funds.

Lockheed's proposals are a component of its industrial package for the Polish government as part of the ongoing tender for the new multi-task aircraft for the Polish air force. The purpose of the agreements, signed Oct. 17 with RCL Polska, CH2M Hill Polska, Produs, Kimball Electronics Poland and Melex, is to transfer advanced technology and orders for the Polish SME sector. Philip N. Georgariou, director of the Polish Industrial Cooperation Development Program at Lockheed Martin, said the value of the agreements signed by the company exceeds $500 million. "What's more, they are only a part of what we will present to the Polish government as part of our comprehensive offset package," said Georgariou.

At the same time, Lockheed announced three other projects: the establishment of an IT-, telecommunications- and environmental technology-oriented capital fund, Hexagon Technology Poland; a Technical Support Fund (training and support for small businesses in advanced production processes and energy effectiveness); and a Technology Accelerator at the University of £ód¼, designed to support small technologically advanced businesses at the initial stage of development.

Over the past three months, Lockheed has signed three letters of intent with potential industrial partners. Previous agreements focused on the offset offer of the company's F-16 Team for the Polish defense industry and large companies in the civilian sector. The potential value of the publicly announced letters of intent of the F-16 Team exceeds $5 billion.
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