TNI to receive 40 new armored vehicles
President Susilo Bambang Yudhoyono will officially hand over 40 armored personnel carriers (APC) to the Indonesian Military (TNI) chief Gen. Djoko Santoso in Bandung, East Java, on Friday morning.
Yudhoyono and Santoso will attend a ceremony at the state-owned aircraft industry PT Dirgantara Indonesia building at around 10 a.m.
The six-wheeler medium APCs are the second installment of 150 medium APCs from state arms producer PT Pindad, worth a total of more than Rp 1 trillion (US$99 million), ordered by the government in 2007.
The first installment was delivered in February.
Manufacturing APCS locally is a government program aiming at overcoming the "old weaponry" problem that has long troubled the Indonesian Military.
Pindad has received loans from state-owned Bank Mandiri, Bank BNI 46 and Bank BRI to pay for the manufacture of the vehicles. (dre)