Fincantieri and state-owned shipbuilder PAL Indonesia have formalised a partnership to develop a modernisation programme for the Indonesian Navy’s new flagship, KRI Sriwijaya.
The Memorandum of Understanding (MoU) for the partnership was signed in Jakarta by Fincantieri’s Naval Vessels Division, sales vice president Mauro Manzini and PAL Indonesia president director Djenod Kaharuddin.
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Under the agreement, Fincantieri, the original builder of the vessel, formerly known as ITS Giuseppe Garibaldi for the Italian Navy, will share technical expertise with PAL Indonesia, which will lead integration, shipbuilding, and future support services.
Both companies aim to jointly determine the scope and division of activities required for the modernisation.
The collaboration will focus on improving the operational effectiveness of KRI Sriwijaya across multiple mission profiles, including defence, maritime security, humanitarian, and emergency response operations.
The modernisation effort is positioned as pivotal for supporting long-term naval capability development objectives outlined by the Indonesian Navy.
Fincantieri said the partnership intends to define an effective upgrade path, leveraging advanced technologies and inviting involvement from industrial players and technology partners from both countries.
This approach is expected to promote technology exchange, local capability development, and create long-term value for Indonesia’s maritime and defence sector.
The MoU continues a period of closer naval collaboration between Italy and Indonesia. Fincantieri previously delivered two multi-purpose combat ships, KRI Brawijaya-320 and KRI Prabu Siliwangi-321, both of which are in active service with the Indonesian Navy.
Fincantieri CEO and managing director Pierroberto Folgiero said: “Southeast Asia is a key market for Fincantieri and a strategic area for the Group’s international growth, with Indonesia playing a central role in our long-term ambitions in the region.
“The former Giuseppe Garibaldi, a vessel that played a significant role in the history of the Italian Navy, now becomes a tangible symbol of this new phase.”
KRI Sriwijaya, originally delivered to the Italian Navy in 1985, was retired from service in 2024. It was subsequently transferred to Indonesia, where it has been officially commissioned as the country’s first aircraft carrier.
According to the Jakarta Globe, the ship measures 180.2m in length with a displacement of approximately 13,850t and a flight deck accommodating helicopters and short take-off and vertical landing (STOVL) aircraft.
