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Jakarta Post

Weapons producer eyes Rp 2.9 trillion in revenue for 2018

  • Arya Dipa

    The Jakarta Post

Bandung, West Java   /   Wed, January 10, 2018   /   10:37 am
 Weapons producer eyes Rp 2.9 trillion in revenue for 2018 Technicians finish the assembly of an Anoa armored personnel carrier (APC) at PT Pindad's weapons factory in Bandung in January, 2017. (JP/Arya Dipa)

State-owned weapons manufacturer PT Pindad is aiming for Rp 2.9 trillion (US$203 million) in revenue this year, said Pindad president director Abraham Mose in Bandung on Tuesday.

He said the company had booked net profit of Rp 53 billion in 2017.

This year, the company aimed to obtain 30 percent of its revenue from its industrial products. 

“This does not mean that the defense industry is slowing down. Our largest contributor is still the defense industry,” said Mose.

He explained that Pindad planned to further expand its non-defense products by producing heavy machinery.

The company will produce amphibious excavators, for example, by using technology derived from its Anoa armored personnel carriers, he added.

“We have reported this to the National Public Procurement Agency [LKPP] so that our planned product is included in the e-catalog. The Jakarta administration has expressed interest. We are  in the process of building the prototype,” he added.

Pindad sent 29 of its Anoa armored personnel carriers to the Central African Republic in late 2017 as part of its support for peacekeeping efforts in the area. The shipment was an addition to an earlier batch of 70 other vehicles. (bbn)