Fincantieri and Republikorp Sign JV Agreement to Build Naval Ships in Indonesia
The agreement signed at Euronaval in Paris covers design and construction of surface ships, submarines and next-generation corvettes, plus lifecycle support for Indonesia's defense ministry.
Italian shipbuilding group Fincantieri and Indonesia's Republikorp, through its defense holding PT Republik Palindo Internasional, signed a joint venture agreement on 10 November at the Euronaval exhibition in Paris to establish a naval shipbuilding partnership in Indonesia.
Under the agreement, the joint venture will handle design, construction and sale of multi-role surface vessels, submarines and new-generation corvettes, together with lifecycle support services for the Indonesian Ministry of Defense. The scope also includes upgrades to shipyard facilities, training of personnel, and development of a local supplier base, with potential extension to other Southeast Asian programs. The two sides first announced their cooperation at Eurosatory in June 2026.
The deal marks a notable entrance of a private Indonesian defense group and a major European OEM into a market long dominated by state-owned shipbuilder PT PAL under the Defend ID holding. It also widens the ecosystem of entities managing complex defense supply chains, technical documentation and through-life maintenance programs in the country.