The Indonesian Ministry of Finance (Kemenkeu) has approved a US$5.8 billion foreign loan in the current 2021 financial year for the Indonesian Armed Forces (TNI) and the Indonesian Ministry of Defense (Kemhan).
The loan will be used to finance 31 different programs related to procurement and upgrades for all three services within the TNI. According to sources, funds have been allocated to acquire additional short range R-73 (NATO code: AA-11 Archer) and medium range R-27 (AA-10 Alamo) air-to-air missiles, likely from Ukraine, for the Indonesian Air Force’s fleet of Su-27 and Su-30 jet fighters. These two procurement programs have received allocations of US$15.7 million and US$36 million respectively.
US$750 million has been set aside to purchase Ground-Controlled Interception (CGI) radar systems while S$540 million has been allocated for what seems to be a number of medium-range air defence missile systems. It is currently unknown which country will provide the GCI radar systems. Norway’s Kongsberg and US’ Raytheon joint project NASAMS 2 has been hinted as the likely candidate for the latter.
Crane Aerospace & Electronics, a segment of Crane Company, has been selected by German Original Equipment Manufacturer (OEM) Deutsche Aircraft…
The Bali International Airshow 2024 is set to mark Indonesia's return to the global airshow scene after three decades, underscoring…
Indonesian state-owned defence company PT Pindad, introduced its latest developments in counter-drone technology: the SPS-1 anti-drone rifle and the MV3…
The Defence Technology Institute (DTI) of Thailand has handed over a prototype of the D11A Multiple Rocket Launcher (MRL) to…
BHIC AeroServices Sdn Bhd, a subsidiary of Boustead Heavy Industries Corporation Bhd (BHIC), has been awarded a five-year contract worth…
Lockheed Martin has signed a definitive agreement to acquire Terran Orbital, a company known for its satellite-based solutions in the…
All Nippon Airways (ANA) will begin showing Pokémon-themed in-flight safety and disembarkation videos, created in collaboration with the Pokémon Company,…
Cebu Pacific has announced the resumption of its international flights between Davao and Hong Kong, and Iloilo and Singapore, later…
AirAsia has announced a new route to Port Blair, Andaman Islands, India, enhancing connectivity between Singapore and India through its…
The Japan Coast Guard (JCG) has signed a contract for the purchase of two SeaGuardian Remotely Piloted Aircraft (RPA) from…
Archer Aviation and Future Flight Global have announced an agreement focused on the deployment of electric vertical take off and…
Singapore Airlines (SIA) has announced plans to increase flight frequencies and passenger capacity across its network for the 2025 Northern…
Etihad Cargo and Teleport, the logistics arm of AirAsia, have entered into a partnership aimed at increasing cargo capacity and…
SalamAir, Oman’s low-cost airline, has announced the launch of its latest promotion, the "Low Fare Mega Sale," offering discounted fares…
On 13 August 2024, the Düsseldorf-based Rheinmetall Group signed an agreement to acquire all equity interests in Loc Performance Products,…
MRO services provider AAR hosted an internship graduation ceremony on Aug. 8 for the 10 high school students who spent…
The Polish Government has finalised a Foreign Military Sales (FMS) Letter of Offer and Acceptance (LOA) to acquire 96 Boeing…
Korean Air and U.S. defence contractor L3Harris Technologies recently hosted an 'L3 Industry Day' at the Air Force Hotel in…
Worldwide Flight Services (WFS), part of the SATS Group, has secured a five-year licence to manage ramp handling operations at…
Elbe Flugzeugwerke GmbH (EFW), a joint venture between ST Engineering and Airbus, has been granted Continuing Airworthiness Management Organisation (CAMO)…
Walter Cho, Chairman and CEO of Korean Air and Hanjin Group, has been honoured with the top management award by…
airBaltic has placed an order for an additional 10 Airbus A220-300 aircraft, bringing its total order to 90. This marks…
The Israel Ministry of Defense, in collaboration with the Tehkumah Authority, the IDF, and the Hof Ashkelon Regional Council, has…
Virgin Australia has finalised an agreement with Embraer for the purchase of eight E190-E2 small narrowbody aircraft, as part of…
The French Navy's CAMCOPTER S-100 Unmanned Air System (UAS) Squadron was deployed to ensure the security of the waters surrounding…
Air Transport Services Group (ATSG) subsidiary Cargo Aircraft Management (CAM) has leased a Boeing 767-300 converted freighter to New York-based…
Advanced air mobility (AAM) company Volocopter has conducted the world's first electric vertical take-off and landing (eVTOL) flight test within…
Lockheed Martin delivered the first of five C-130J Super Hercules tactical airlifters to the New Zealand Ministry of Defence and…
In June, U.S. Army Special Operations Aviation Command (USASOAC) awarded Boeing a $115 million contract to produce two more MH-47G…
Scoot, the low-cost subsidiary of Singapore Airlines (SIA),will receive its third and fourth Embraer E190-E2 aircraft in Singapore in September…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.