The Indonesian Defence Ministry has plans to purchase five submarines worth $350m-$400m each by the end of 2010 to strengthen maritime security in Indonesian waters.
State shipbuilder PT PAL president director Harsusanto said the ministry might hold a tender on the submarines this year.
Harsusanto said the company was expecting to be awarded the contract to construct the submarines.
PAL is currently working with Demen Schelde Naval Shipyard (DSNS) to build a new guided missile escort ordered by the Defence Ministry.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Indonesian military (TNI) will require at least Rp57tn ($6.4bn) for weapons procurement in the next five years, according to the Jakarta Post.