Hartford  ·  Zurich  ·  Lima

Some outcomes require
a different kind
of thinking.

Reed-Frank Group operates at the intersection of international defense procurement, industrial policy, and cross-border market entry. The firm advises a select number of clients on complex programs where commercial, political, and institutional considerations must align. Prior work includes programs involving fifth-generation fighter aircraft, large-scale industrial participation frameworks, and the U.S. market entry of foreign industrial firms. The mandates that reach RFG rarely fit a single discipline. That is by design.

Geography United States · Europe · Latin America
Approach Selective Engagement · Principal-Led
Discretion Absolute
Market Intelligence
January 15, 2026  ·  Active Opportunity Peru · Defense Procurement

U.S. Authorizes $1.5B FMS for Peru's Callao Naval Base Modernization

Peru's offset framework is evolving. Whether it applies to a construction program of this type is an open question — but one that needs an answer before submission, not after.

RFG Perspective

Peru's industrial offset framework is actively developing, and its application to construction and engineering programs of this type does not have established precedent. That ambiguity is itself strategically significant. For U.S. firms competing on Callao, the question is not simply whether an offset obligation exists — it is whether engaging the offset dimension early creates competitive advantage regardless of the final answer. RFG has working relationships within Peru's defense and industrial institutions developed through prior engagement, and can help firms understand the landscape before it is defined for them. For U.S. firms operating under FCPA obligations, the advisors they engage in-country are not simply a vendor decision. RFG's operating standards were developed within a major U.S. defense contractor environment that required disciplined engagement with foreign government entities. Firms that want to assess what the offset dimension could mean for their position are welcome to reach out.

March 7, 2026 Peru · Defense Procurement

Peru Advances $3.5B Fighter Acquisition Under Military Secrecy — Aircraft Selection Pending

Peru's new government has classified the acquisition process and moved toward contract, with three platforms still in competition. At this contract value through FMS, the program almost certainly carries an industrial cooperation obligation. The contractor that engages that dimension early will not simply comply — it will compete on it.

May 3–6, 2026  ·  Upcoming U.S. Market Entry

2026 SelectUSA Investment Summit — National Harbor, Maryland

The premier U.S. event for foreign direct investment. For firms that are well prepared, the Summit compresses months of state outreach into days. RFG attends representing a select group of European industrial firms, engaging state principals directly, so clients test real receptivity before committing a team or a decision. Firms interested in the 2026 cohort should reach out now, as it is currently being assembled.

February 18, 2026 Peru · Offset Policy

Peru Updates Defense Offset Directive — Transparency and Industrial Capacity at the Core

Peru's Ministry of Defense has revised the framework governing industrial and social offsets on foreign defense contracts. The updated directive prioritizes transparency and the strengthening of domestic industrial and technological capacity. For any firm competing on a Peruvian defense program, understanding this framework early is not optional.

October 23, 2025 Peru · Market Access

Peru Defense Industry Forum Signals Growing Institutional Commitment to Industrial Cooperation

RFG participated as guest of the Swiss-Peruvian Chamber of Commerce, at a forum attended by Peru's Minister of Defense, the Commander Generals of the armed services, and senior defense industry leadership. Institutional access at this level is built over time, not arranged at the proposal stage.

February 20, 2026 Trade Policy

Supreme Court Strikes Down IEEPA Tariffs — New 10% Global Duty Signed Within Hours

The Court ruled them illegal. A replacement mechanism was signed the same afternoon. For companies with U.S. market exposure, the lesson is not legal, it is structural. Uncertainty is the operating condition, not the exception. A permanent U.S. presence changes that calculus entirely, and is among the drivers behind the SelectUSA cohort RFG is assembling for 2026.

March 6, 2026 Defense Procurement

Swiss Federal Council Confirms F-35 Fleet Capped at ~30 Aircraft

The obligation is unchanged, but fewer aircraft means a smaller footprint to absorb it. Well-structured standalone projects fill that gap and, when designed correctly, function as genuine financing vehicles for Swiss SMEs and innovative firms. That is where strategic offset positioning has its highest leverage.

February 19, 2025 Offset Innovation

GTF Engine MRO Designated as Defense Offset Project in UAE

Aviation Week called this arrangement "unusual," a civil MRO project structured to offset military purchases. A similar structure was applied in Switzerland in 2022, demonstrating that civil industrial projects can generate significant offset value across multiple major defense programs simultaneously, when structured correctly.

June 15–19, 2026  ·  Upcoming European Defense

Eurosatory 2026 — Paris

The global benchmark for land and air-land defense procurement. Every major offset obligation in Europe and Latin America has a connection to this floor. What happens before Eurosatory matters more than what happens during it.

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Reed-Frank Group works by introduction. If you have been directed here, we welcome your inquiry.

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