LEN-Thales Wants to Create a Joint Venture Company for Radar-Satellite Production
Jakarta - PT LEN Industri signed a cooperation agreement with a French company, Thales, to create a joint venture in the development of defense equipment. This agreement was signed on the sidelines of the 2023 ASEAN-Indo Pacific Forum (AIPF).
President Director of PT LEN Industri Bobby Rasyidin explained that this joint venture could bring LEN products to compete in the global market. Later, PT LEN and Thales will develop defense equipment products together.
"How is it done? Later this JV will become an embryo to become part of the Thales supply chain. This is a large company for hundreds of years and worldwide. Their market is big in commercial, the market in defense is also big. We want to be a global supply chain, that's the point," Bobby explained when met on the sidelines of AIPF, at the Mulia Hotel, Central Jakarta, Tuesday (5/9/2023).
"So we want to develop Indonesia's competence to become the center of competence for Thales in the world," he said.
The product development that will be carried out by LEN and Thales will vary, starting from the development of radars. For radars alone, the products range from military radars, civil radars, communications radars, to weather radars.
His party will also carry out satellite development with Thales. There is also the development of command control sensors.
"Then we want to create command and control, this is a kind of command, control command is for military and non-military purposes," said Bobby.
The party targets that in the first 1-2 years, this joint venture will generate revenues of up to US$ 50 million.
"Ultimately, this JV could become a big company in the world. They are in Brazil, producing avionics products, Australia also has a JV. Then Indonesia, our target is that in the near future we can be the same size as Thales Brazil and Australia," " said Bobby.
Thales also signed a cooperation agreement with PT Garuda Maintenance Facilities (GMF). The two companies will work together to develop an innovation laboratory dedicated to avionics maintenance.
PT LEN Industri meneken perjanjian kerja sama dengan perusahaan asal Prancis, Thales, untuk membuat perusahaan patungan dalam pengembangan alat pertahanan.
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