Offset contract gives Mesko a new chance

Arms producer Mesko stands a chance of receiving up to $300 million in orders as part of the F-16 offset deal. The funds will be used to create a joint venture with Norway's Nammo, which will also deliver new technologies. Mesko might produce new kinds of missiles and ammunition. The offset funds will be divided over a period of ten years. The initial stage envisages employing only a couple of people who would introduce new production techniques in the plant. "The offset project is a lever which will allow us to begin a restructuring program, particularly with regard to our liabilities which exceed zł. 100 million," said company director Artur Łysakowski. (Puls Biznesu, p. 6) A.K.