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Pindad aims for US$ 267 million weapons contract from govt
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Indonesian Military Commander Gen. Gatot Nurmantyo checks a Glock Cornershot weapon made by PT Pindad on Monday after a military parade to as part of the preparation to secure the Organization of the Islamic Conference (OIC) summit in Jakarta on March 6 to 7, 2016. ( Antara/ M Agung Rajasa)
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tate-owned weapons producer PT Pindad is aiming for an Rp 3.5 trillion (US$ 267 million) multiyear contract from the government to reach its Rp 4 trillion sales target for 2016, the company’s CEO said.
"The multiyear contract will help Pindad form a longer term plan. We need to renovate some facilities as well as expand the production line," president director Silmy Karim told thejakartapost.com recently.
Silmy said the government aimed to help the company increase sales by 30 to 40 percent every year. In 2015 it booked an Rp 2.8 trillion contract, which was a 79 percent increase from Rp 1.56 trillion in 2014.
"We aim for sales to reach Rp 5 trillion at the end of President Joko "Jokowi" Widodo's term. Compared to big Asian players like South Korea, China, India and Singapore, we are still small, but we are moving forward," Silmy said.
Pindad's sales mostly come from domestic needs, while it exports 10 percent of its products to Laos, Thailand, Philippines, Egypt and Nigeria. (dan)
