Lockheed Martin fulfills its Offset obligations 150%

LM's total offset obligations and investments in Polish industry exceed $6 billion and the concern has to fulfill them within 10 years. In 2003 the company completed projects worth over $700 million, which means that it exceeded the minimum value agreed earlier at $600 million. The value of American concern's projects in 2004 amounted to around $820 million, which means that the amount now declared by LM constitutes 150% of its promises for 2004, provided it is approved by the Economy Ministry. The Ministry asked LM to provide some detailed information and expects to receive the data within two weeks. The verification of the projects declared by the Americans is to be completed in May. (Parkiet, p. 7) E.B.