# Fincantieri and Republikorp sign naval shipbuilding joint venture agreement in Indonesia - **Source:** https://pelavox.com/fincantieri-and-republikorp-sign-naval-shipbuilding-joint-venture-agreement-in-indonesia/ - **Publisher:** pelavox. (The voice of shipping) - **Author:** Helena Pierce - **Published:** 2026-11-09T09:33:00+00:00 - **Updated:** 2026-11-09T08:54:32+00:00 - **Section:** Business / Partnerships - **Type:** News - **Topics:** Defence Industry, Fincantieri, Indonesia, Joint Ventures, Naval Shipbuilding, Republikorp, RPAL, Shipbuilding Italian shipbuilding group Fincantieri and Indonesian defence industrial company Republikorp have signed a joint venture agreement to develop naval shipbuilding capabilities in Indonesia, advancing a strategic partnership established earlier this year. The agreement was signed on 5 November 2026 during the Euronaval exhibition in Paris and involves Republikorp’s subsidiary PT Republik Palindo Internasional (RPAL). It provides for the establishment of a jointly owned industrial platform focused on naval vessel design, construction, commercial development and lifecycle support. The latest agreement follows a memorandum of understanding signed by the two companies in June 2026 at Eurosatory, which outlined their intention to establish a joint venture supporting Indonesia’s domestic shipbuilding industry. The move represents a further stage in the cooperation, although the companies have not disclosed the planned ownership structure, investment commitments or a timetable for the joint venture’s formal establishment. ### Joint venture to target Indonesian naval programmes Under the agreement, the proposed joint venture will pursue opportunities involving selected naval platforms for Indonesia’s Ministry of Defence, including multi-role surface vessels, next-generation corvettes and submarines. Its activities are expected to cover the marketing, design, construction and sale of naval vessels, together with maintenance and other services throughout their operational lifecycles. The partnership will combine Fincantieri’s experience in complex naval construction, vessel engineering and systems integration with RPAL’s local industrial capabilities and knowledge of Indonesia’s defence sector. Both companies intend to support the progressive development of domestic naval production capabilities, with an emphasis on strengthening local participation in shipbuilding and associated industrial activities. The agreement does not include a confirmed vessel order or identify a specific naval procurement contract awarded to the joint venture. ### Technology transfer and local shipbuilding capabilities Technology development, training and industrial cooperation will form central elements of the partnership. Fincantieri and RPAL plan to collaborate on engineering and production processes, improvements to shipyard facilities, workforce training and the development of local suppliers. These activities are intended to expand Indonesia’s ability to participate in the design, construction, maintenance and support of increasingly complex naval vessels. The initiative also reflects Indonesia’s wider efforts to strengthen domestic defence manufacturing capabilities and reduce reliance on overseas production and technical expertise. “This agreement marks a new step in our long-term commitment to Indonesia and reflects Fincantieri’s approach to strategic markets: combining our technological and industrial expertise with strong local capabilities,” said Pierroberto Folgiero, CEO and Managing Director of Fincantieri. The proposed industrial cooperation would allow both partners to pursue naval construction opportunities while developing the technical expertise and production infrastructure required to support future programmes. ### Potential expansion into ASEAN markets Beyond Indonesia, the companies have identified opportunities to extend their cooperation into selected markets across the Association of Southeast Asian Nations (ASEAN). The joint venture may eventually pursue naval programmes requiring more complex vessel designs and advanced shipbuilding capabilities, although no specific regional projects have been announced. For Fincantieri, the agreement builds on its existing engagement with Indonesia’s naval sector and forms part of its wider strategy of establishing local industrial partnerships in international defence markets. For Republikorp, the partnership provides a framework for developing domestic engineering, construction and maintenance expertise through cooperation with an established international shipbuilder. The signing of the joint venture agreement represents a concrete progression from the companies’ June memorandum of understanding. The next stages will depend on the formal establishment of the business, implementation of the planned industrial cooperation and the securing of future naval programmes. --- Cite as: "Fincantieri and Republikorp sign naval shipbuilding joint venture agreement in Indonesia", pelavox., 9 November 2026, https://pelavox.com/fincantieri-and-republikorp-sign-naval-shipbuilding-joint-venture-agreement-in-indonesia/