The Latest: US, Indonesia companies sign investment deals
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 $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 $2 billion electricity metering system organized by a consortium of companies.
Pence told business leaders Friday 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 Friday.
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Under this agreement, the Indonesian Air Force will acquire Lockheed Martin’s Sniper Advanced Targeting Pods (ATP). This state-of-the-art technology for the F-16A/B fighters stationed at Iswahyudi Air Base will enhance Indonesia’s maritime and territorial defenses while operating seamlessly with the United States and other regional partners. Lockheed Martin will produce Sniper ATPs at its Missiles and Fire Control facility in Orlando, Florida, and work closely with the Indonesian Air Force to train a cadre of pilots and maintainers.