US sells fighter jets in US$10 billion deals with Indonesia

World | 21 Apr 2017 1:01 pm

U.S. and Indonesian companies are signing 11 commercial and investment agreements during U.S. Vice President Mike Pence's visit to Jakarta that the two governments say are worth a combined US$10 billion over time. 

The deals include Lockheed Martin providing an advanced weapons targeting system for Indonesia's F-16 fighter jets, ExxonMobil selling 1 million tons of liquid natural gas to state-owned oil and gas company Pertamina for 20 years starting in 2025, Honeywell supplying turboprop engines to Indonesian aerospace company Dirgantara, and a US$2 billion electricity metering system organized by a consortium of companies.  (Pictured, Mike Pence and Indonesian President Joko Widodo).

Pence told business leaders today the signings represent the "tremendous excitement'' that U.S. based companies feel about investing in Indonesia. 

The deals were announced as part of Pence's meetings with Indonesian-based business leaders. The vice president was departing for Australia later today. -AP

Search Archive

Advanced Search
May 2020

Today's Standard

Yearly Magazine

Yearly Magazine