Fincantieri secures $1.3B contract with Indonesia for two patrol vessels

Fincantieri announced signing a contract to provide the Indonesian Navy with two 4,900-ton PPA ships worth €1.2 billion (U.S. $1.3 billion).
These ships were originally destined for the Italian Navy and are currently under construction at the shipyard in Riva Trigoso-Muggiano.
Italy was in talks with Indonesia in October, and Fincantieri’s CEO mentioned the strategic partnership and collaborative opportunities with Indonesia.
This contract does not constitute a final purchase agreement under Indonesia’s procurement process and is subject to necessary authorizations.
Fincantieri also won a contract for six 6,600-ton FREMM-class frigates with Indonesia, but there is not yet a financed deal for these ships.
The Italian Navy’s PPA vessel Francesco Morosini toured Southeast Asia last year and sparked Jakarta’s interest in acquiring similar vessels.
The Indonesian Navy has ordered two PPA offshore patrol vessels and is building two 6,540-ton Iver Huitfeldt-class frigates under different contracts.