On the occasion of Eurosatory, an international event dedicated to defense and security underway in Paris, Fincantieri and Republikorp, Indonesia's largest private holding company in the defence sector, through its subsidiary PT Republik Palindo International Cooperation (RPAL), announced the signing of a memorandum of understanding that provides for the establishment of a joint venture aimed at supporting shipbuilding capabilities national partnerships and promote industrial cooperation long-term.

The collaboration involves the on-site construction of units advanced naval systems, designed in line with the specificities of the geographical and operational aspects of Indonesia. The future joint venture will be oriented towards the development of solid local production capacities and will enable the deployment of several platforms, including High Value-Added Amphibious Units (LPD/LHD), frigates and multi-role corvettes with high deterrence capacity, patrol boats for the surveillance of the Exclusive Economic Zone, fast attack vehicles and submarines.

Fincantieri specified that the key element of the agreement is a structured approach to technology and skills transfer and, leveraging the expertise of the Italian company, the initiative support local capacity building through engineering cooperation, training programmes and the progressive strengthening of skills in the design field, Systems and production integration. By fostering the growth of qualified local skills and supporting the development of the supply chain partnership aims to progressively integrate Indonesia in the global shipbuilding value chain. The MoU also provides for closer industrial cooperation and operational, contributing to the development of naval capabilities of the country.