Informazione
Regolamentata n.
1616-127-2026Data/Ora Inizio Diffusione 28 Settembre 2026 11:07:23Euronext Milan
Societa' :FINCANTIERI
Utenza - referente :FINCANTIERIN13 - Dado Giuseppe
Tipologia :REGEM
Data/Ora Ricezione :28 Settembre 2026 11:07:23 Data/Ora Inizio Diffusione :28 Settembre 2026 11:07:23
Oggetto :FINCANTIERI AND PT PAL INDONESIA SIGN
AGREEMENT FOR THE MODERNIZATION
OF THE INDONESIAN NAVY’S KRI
SRIWIJAYA (FORMER GIUSEPPE
GARIBALDI)
Testo del comunicato
Vedi allegato
Trieste,
2 8
September
, 202
6
1 FINCANTIERI AND PT PAL INDONESIA
SIGN AGREEMENT FOR THE
MODERNIZATION OF THE
INDONESIAN NAVY’S KRI SRIWIJAYA
(FORMER GIUSEPPE GARIBALDI)
Fincantieri
, one of the world’ s leading shipbuilding groups, and PT PAL Indonesia , the country's leading state -
owned shipbuilder
, signed a Memorandum of Understanding (MoU)
establishing a
framework for cooperation on the
future
modernization program of the Indonesian Navy’s KRI
SRIWIJAYA
(former
Giuseppe Garibaldi
) .
The agreement was signed
in Jakarta
by Mauro Manzini, Vice President Sales of the
Fincantieri
Naval Vessels Division , and
Djenod Kaharuddin,
President Director
of PT PAL
Indonesia
.
Fincantieri and PT PAL Indonesia will collaborate on the
vessel’s
modernization
program
, combining their respective expertise and jointly defin ing the scope of activities and responsibilities within the program . As the ship's original designer and builder, Fincantieri will contribute its
extensive
knowledge of the platform, while PT PAL will
leverage
its
established
capabilities
in naval shipbuilding, integration
, maintenance
and
support service
.
The program
is intended to maximize the vessel’s operational effectiveness across a broad
range
of missions, from defense and maritime security operations to humanitarian assistance and emergency response activities , while supporting the
long
-
term capability development objectives of the Indonesian Navy.
T h
rough t
his agreement
, Fincantieri and PT PAL Indonesia
will
jointly
define
the most
effective
approach for the vessel’s future
modernization
, drawing on the complementary strengths of the two companies and their long -
standing experience in the naval sector
, while
also
creating opportunities
for broader industrial cooperation between Italy and Indonesia ,
including
the involvement of leading
industrial
players
and technology partners from both
countries
. The participation of additional stakeholders w ill
foster
the integration of advanced technologies, the development of local capabilities and the creation of long -
term value for
Indonesia
’s maritime and defense ecosystem.
The agreement represents a further
milestone
in the
strengthening of the
relationship
between Fincantieri and Indonesia. In recent years, key
achievements
have included
the delivery of the PPA -
M
ulti
-
purpose combat ships
KRI BRAWIJAYA
-
320 and
KRI PRABU
SILIWANGI
-
321 ,
part of a class designed and built by Fincantieri for the Italian Navy. Today,
they
rank among
the most advanced naval platforms operated by any
Navy
in Asia
.
Building
on th
is foundation
, the
MoU reflects a shared commitment to
deepen
industrial cooperation,
promote
technology exchange and
support the
development
of
naval capabilit
ies .
Pierroberto Folgiero
, CEO and Managing Director of Fincantieri
, commented
:
“ T his agreement reflects the strong and steadily growing relationship between Italy and Indonesia in the naval and defense sectors.
Southeast Asia is a key market for Fincantieri and a strategic
Trieste,
2 8
September
, 202
6
2 area for the Group’s international growth, with Indonesia playing a central role in our long -
term ambitions in the region.
Over the years, our cooperation has
expanded
well
beyond the
delivery
of advanced naval platforms , paving the way for
broader
industrial
partnership
based
on technology, local capabilities and shared expertise .
The former
Giuseppe
Garibaldi, a
vessel
that played a significant role in the history of the Italian Navy,
now becomes
a tangible
symbol of
this new phase . Together with PT PAL and the industrial ecosystems of
both
countries
, we
aim to build a long -
term partnership that
support
s the Indonesian Navy ,
creates
value for the country,
and further
strengthen
s
the strategic
relationship between Italy and
Indonesia
.
” Originally commissioned as
the aircraft
-
carrying cruiser
ITS Giuseppe Garibaldi , the vessel was built by Fincantieri at its Monfalcone shipyard and delivered to the Italian Navy in 1985.
The transfer of the ship to Indonesia
opens
a new chapter in its
operational
life and
provides
further
evidence
of the growing cooperation between Italy and Indonesia in the maritime and defense sectors.
*
*
*
Fincantieri is one of the world's largest shipbuilding groups, the only player active in all high complexity marine industry sectors. The Group is a leader in the construction of cruise ships, naval and offshore vessels, and stands out for its extensive ex perience in the development of underwater solutions, thanks to its integrated industrial structure capable of managing and coordinating all activities related to the commercial, defense, and
dual
-
use sectors. It holds a strong presence in key markets also thanks to the internalization of high value -
added, distinctive technologies; it is also a leader in sustainable innovation and in the digital transformation of the shipbuilding sector. The company is active in the field of mechatronics, electronics, and di
gital naval
systems, as well as in cybersecurity, artificial intelligence, and marine interiors solutions. It also offers a wide range of after -
sales services, including logistic support and fleet assistance.
With over 230 years of history and more than 7,000 ships built, Fincantieri is a global player with a production network of 18 shipyards worldwide and over 24,000 employees; It maintains its know -
how, expertise and management centers in Italy, where it dir ectly employs approximately 13,000 workers and creates around 90,000 indirect jobs.
www.fincantieri.com
FINCANTIERI
Press Office
Investor Relations
Tel. +39 040 3192111 Tel. +39 040 3192111
press.office@fincantieri.it
investor.relations@fincantieri.it
Fine Comunicato n.1616-127-2026 Numero di Pagine: 4