Latest news with #Scorpene
Express Tribune
6 days ago
- Business
- Express Tribune
Indonesia vies more Rafale jets
France and Indonesia have signed a preliminary defence pact that could lead to new orders of French military equipment including Rafale fighter jets and Scorpene submarines, French President Emmanuel Macron said on Wednesday. "I am delighted that the letter of intent signed today could open up a new perspective with new orders for Rafales, Scorpenes, light frigates," Macron said at a joint press conference alongside Indonesian President Prabowo Subianto. Prabowo said France was one of Indonesia's main partners as it upgrades its military hardware and develops its defence industry through joint production and technology transfers. Macron arrived in Jakarta from Vietnam on Tuesday night on the second leg of his Southeast Asia tour. The French president is scheduled to fly to Singapore on Thursday. Dassault Aviation shares were up 3.4% in the morning session in Paris. The jets' performance came under scrutiny last month after reports that Rafales used by the Indian air force were shot down by Pakistan's Chinese-made jets in clashes. Reuters
Gulf Today
6 days ago
- Business
- Gulf Today
France-Indonesia deal could lead to new Rafale jet orders: Macron
France and Indonesia have signed a preliminary defence pact that could lead to new orders of French military equipment including Rafale fighter jets and Scorpene submarines, French President Emmanuel Macron said on Wednesday. "I am delighted that the letter of intent signed today could open up a new perspective with new orders for Rafales, Scorpenes, light frigates," Macron said at a joint press conference alongside Indonesian President Prabowo Subianto. Prabowo said France was one of Indonesia's main partners as it upgrades its military hardware and develops its defence industry through joint production and technology transfers. Macron arrived in Jakarta from Vietnam on Tuesday night on the second leg of his Southeast Asia tour. The French president is scheduled to fly to Singapore on Thursday. Dassault Aviation shares were up 3.4% in the morning session in Paris. The jets' performance came under scrutiny last month after reports that Rafales used by the Indian air force were shot down by Pakistan's Chinese-made jets in clashes. Emmanuel Macron (2nd L) and Prabowo Subianto (2nd R) during the signing an agreement at Merdeka Palace in Jakarta. AFP Indonesia has yet to receive any of the Rafale jets from the 2022 deal. The chief of the Indonesian Air Force Mohamad Tonny Harjono said in February that six jets would arrive in early 2026, state news agency Antara reported. Aside from the Rafale deal, Indonesia in 2024 struck an agreement with French state-owned shipyard Naval Group to buy two "Scorpene" submarines, and in 2023 announced the purchase of 13 long-range air surveillance radars from France's Thales. The two leaders also discussed the deepening crisis in the Middle East with Israel's military action in Gaza. "When Palestine is recognised by Israel, Indonesia is ready to recognise Israel and we are ready to open diplomatic relations with Israel," Prabowo said. Indonesia currently does not recognise or share any diplomatic relations with Israel. Macron reaffirmed his wish to see a two-state solution. Emmanuel Macron greets students during his arrival at the National University in Jakarta. AFP France and mineral-rich Indonesia also signed a host of other agreements and more than 20 MOUs worth at least $11 billion, said Indonesia's chief economic minister Airlangga Hartarto at a business forum. The MOUs included one on cooperation between French mining company Eramet and Indonesian sovereign wealth funds Danantara and Indonesia Investment Authority (INA). The agreement aims to "explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations," Eramet, Danantara and INA said in a joint statement. The partnership aims to develop the raw materials needed for electric vehicle (EV) batteries and the statement said a preliminary assessment will be made to identify projects. Danantara's Chief Investment Officer Pandu Sjahrir said in the statement that the two wealth funds will manage long-term financing and Eramet will contribute technical expertise and experience in executing large-scale mining projects. Indonesia is the world's largest producer of nickel, and also holds the biggest known reserves of the metal. Reuters
Observer
6 days ago
- Business
- Observer
France-Indonesia pact could lead to new Rafale jet orders, says Macron
JAKARTA: France and Indonesia have signed a preliminary defence pact that could lead to new orders of French military equipment including Rafale fighter jets and Scorpene submarines, French President Emmanuel Macron said on Wednesday. "I am delighted that the letter of intent signed today could open up a new perspective with new orders for Rafales, Scorpenes, light frigates," Macron said at a joint press conference alongside Indonesian President Prabowo Subianto. Prabowo said France was one of Indonesia's main partners as it upgrades its military hardware and develops its defence industry through joint production and technology transfers. Macron arrived in Jakarta from Vietnam on Tuesday night on the second leg of his Southeast Asia tour. The French president is scheduled to fly to Singapore on Thursday. Dassault Aviation shares were up 3.4% in the morning session in Paris. The jets' performance came under scrutiny last month after reports that Rafales used by the Indian air force were shot down by Pakistan's Chinese-made jets in clashes. Indonesia has yet to receive any of the Rafale jets from the 2022 deal. The chief of the Indonesian Air Force Mohamad Tonny Harjono said in February that six jets would arrive in early 2026, state news agency Antara reported. Aside from the Rafale deal, Indonesia in 2024 struck an agreement with French state-owned shipyard Naval Group to buy two "Scorpene" submarines, and in 2023 announced the purchase of 13 long-range air surveillance radars from France's Thales. France and mineral-rich Indonesia also signed a host of other agreements and more than 20 MOUs worth at least $11 billion, said Indonesia's chief economic minister Airlangga Hartarto at a business forum. The MOUs included one on cooperation between French mining company Eramet and Indonesian sovereign wealth funds Danantara and Indonesia Investment Authority (INA). The agreement aims to "explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations," Eramet, Danantara and INA said in a joint statement. The partnership aims to develop the raw materials needed for electric vehicle (EV) batteries and the statement said a preliminary assessment will be made to identify projects. Danantara's Chief Investment Officer Pandu Sjahrir said in the statement that the two wealth funds will manage long-term financing and Eramet will contribute technical expertise and experience in executing large-scale mining projects. Indonesia is the world's largest producer of nickel, and also holds the biggest known reserves of the metal. French food company Danone, and TotalEnergies also signed deals, according to images of a signing ceremony. — Reuters
Business Recorder
6 days ago
- Business
- Business Recorder
France-Indonesia pact could lead to new Rafale jet orders, says Macron
France and Indonesia have signed a preliminary defence pact that could lead to new orders of French military equipment including Rafale fighter jets and Scorpene submarines, French President Emmanuel Macron said on Wednesday. 'I am delighted that the letter of intent signed today could open up a new perspective with new orders for Rafales, Scorpenes, light frigates,' Macron said at a joint press conference alongside Indonesian President Prabowo Subianto. Prabowo said France was one of Indonesia's main partners as it upgrades its military hardware and develops its defence industry through joint production and technology transfers. Macron arrived in Jakarta from Vietnam on Tuesday night on the second leg of his Southeast Asia tour. The French president is scheduled to fly to Singapore on Thursday. Dassault Aviation shares were up 3.4% in the morning session in Paris. The jets' performance came under scrutiny last month after reports that Rafales used by the Indian air force were shot down by Pakistan's Chinese-made jets in clashes. Indonesia has yet to receive any of the Rafale jets from the 2022 deal. The chief of the Indonesian Air Force Mohamad Tonny Harjono said in February that six jets would arrive in early 2026, state news agency Antara reported. Aside from the Rafale deal, Indonesia in 2024 struck an agreement with French state-owned shipyard Naval Group to buy two 'Scorpene' submarines, and in 2023 announced the purchase of 13 long-range air surveillance radars from France's Thales. Israel-Gaza conflict The two leaders also discussed the deepening crisis in the Middle East with Israel's military action in Gaza. 'When Palestine is recognised by Israel, Indonesia is ready to recognise Israel and we are ready to open diplomatic relations with Israel,' Prabowo said. Indonesia currently does not recognise or share any diplomatic relations with Israel. Macron reaffirmed his wish to see a two-state solution. EV battery ecosystem France and mineral-rich Indonesia also signed a host of other agreements and more than 20 MOUs worth at least $11 billion, said Indonesia's chief economic minister Airlangga Hartarto at a business forum. The MOUs included one on cooperation between French mining company Eramet and Indonesian sovereign wealth funds Danantara and Indonesia Investment Authority (INA). The agreement aims to 'explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations,' Eramet, Danantara and INA said in a joint statement. The partnership aims to develop the raw materials needed for electric vehicle (EV) batteries and the statement said a preliminary assessment will be made to identify projects. Danantara's Chief Investment Officer Pandu Sjahrir said in the statement that the two wealth funds will manage long-term financing and Eramet will contribute technical expertise and experience in executing large-scale mining projects. Indonesia is the world's largest producer of nickel, and also holds the biggest known reserves of the metal. French food company Danone and TotalEnergies also signed deals, according to images of a signing ceremony broadcast by Reuters TV.
Business Times
6 days ago
- Business
- Business Times
France-Indonesia pact could lead to new Rafale jet orders, says Macron
[JAKARTA] France and Indonesia signed a preliminary defence pact that could lead to new orders of French military equipment including Rafale fighter jets and Scorpene submarines, French President Emmanuel Macron said on Wednesday (May 28). Indonesia is the region's largest economy and Paris' biggest arms client in South-east Asia. In 2022, the two countries signed an US$8.1 billion defence deal that included an order for 42 Rafale fighter aircraft made by Dassault Aviation, as well as a series of agreements including submarine development and ammunition. 'I am delighted that the letter of intent signed today could open up a new perspective with new orders for Rafales, Scorpenes, light frigates,' Macron said at a joint press conference alongside Indonesian President Prabowo Subianto. Prabowo said France was one of Indonesia's main partners as it upgrades its military hardware and develops its defence industry through joint production and technology transfers. Macron arrived in Jakarta from Vietnam on Tuesday night on the second leg of his South-east Asia tour. The French president is scheduled to fly to Singapore on Thursday. Dassault Aviation shares were up 3.4 per cent in the morning session in Paris. The jets' performance came under scrutiny last month after reports that Rafales used by the Indian airforce were shot down by Chinese-made Pakistani jets in clashes. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Indonesia has yet to receive any of the Rafale jets from the 2022 deal. The chief of the Indonesian Air Force Mohamad Tonny Harjono said in February that six jets would arrive in early 2026, state news agency Antara reported. Aside from the Rafale deal, Indonesia in 2024 struck an agreement with French state-owned shipyard Naval Group to buy two 'Scorpene' submarines, and in 2023 announced the purchase of 13 long-range air surveillance radars from France's Thales. Israel-Gaza conflict The two leaders also discussed the deepening crisis in the Middle East with Israel's military action in Gaza. 'When Palestine is recognised by Israel, Indonesia is ready to recognise Israel and we are ready to open diplomatic relations with Israel,' Prabowo said. Indonesia currently does not recognise or share any diplomatic relations with Israel. Macron reaffirmed his wish to see a two-state solution. 'Together with Saudi Arabia, we will soon be organising a conference on Gaza in New York to give fresh impetus to the recognition of a Palestinian state and the recognition of the State of Israel and its right to live in peace and security in this region,' he said. EV battery ecosystem France and mineral-rich Indonesia also signed a host of other agreements, including one on cooperation between French mining company Eramet and Indonesian sovereign wealth funds Danantara and Indonesia Investment Authority (INA). The agreement aims to 'explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations,' a joint statement from Eramet, Danantara and INA said. The partnership aims to develop the raw materials needed for electric vehicle (EV) batteries and the statement said a preliminary assessment will be made to identify projects. Danantara's Chief Investment Officer Pandu Sjahrir said in the statement the two wealth funds will manage long-term financing and Eramet will contribute technical expertise and experience in executing large-scale mining projects. Indonesia is the world's largest producer of nickel, and also holds the biggest known reserves of the metal. French food company Danone, and TotalEnergies also signed deals, according to images of a signing ceremony broadcast by Reuters TV. REUTERS
