Defend ID Officially Formed, PT Len Industri Becomes Holding Holding Company For Defense Industry

Photo: Doc. Defend ID

JAKARTA - The government has officially transferred the shares (Inbreng) of four state-owned enterprises in the defense sector to PT Len Industri (Persero). Thus, PT Len has officially become a Defense Industry BUMN Holding or Defend ID as of today.

The four SOEs in question are PT Dirgantara Indonesia, PT PAL Indonesia, PT Pindad and PT Dahana.

The transfer was marked by the signing and submission of the Inbreng Deed from the Indonesian Ministry of SOEs to PT Len Industri (Persero), on Wednesday, March 2, 2022.

Deputy Minister of BUMN I Pahala Nugraha Mansury said that with this Inbreng, PT Len as the holding company for Defend ID owns all Series B shares from the four members of the holding Defend ID. Meanwhile, the government owns 1 share of Series A Dwiwarna share in the four companies and 100 percent of Len's shares.

Pahala also ensures that the Defense Industry Holding process does not cause a change in state control of the holding members.

"The state remains in control either directly through ownership of the Dwiwarna A series shares or indirectly through Len," he said in an official statement, Wednesday, March 2.

Meanwhile, the President Director of PT Len Industri (Persero) said, Holding the Defense Industry BUMN will bring benefits to all holding members, especially increasing the ability of holding members in terms of finance, as well as access to funding.

Holding is also believed to be able to expand the Defense Industry market to a regional and international scale, including increasing bargaining power in technology transfer cooperation with foreign partners.

"March 2, 2022 is the birthday of the Defense Industry BUMN Holding with the brand and name Defend ID. Thank you to the BUMN Ministry and all Indhan BUMN stakeholders who continue to support the process of forming this holding," said Bobby.

Bobby also explained that the formation of a Defense BUMN Holding should be a solution in building an advanced, strong, independent and competitive national defense industry.

The long-term goals of this holding are to create the independence of alpalhankam (defense and security equipment) of the TNI and Polri, to integrate supporting industries for C5ISR (Command, Control, Communication, Computer, Cyber, Intelligence, Surveillance, and Reconnaissance) and energetic materials, supply chain development. , and support government priority programs.

Holding members are committed to carrying out their best efforts in implementing the strategic program for the defense industry cluster and forming four Taskforce Teams to support its implementation.

The joint commitment was signed by the five Managing Directors of the holding members, namely, President Director of PT Len Industri (Persero) Bobby Rasyidin, President Director of PT Dahana Wildan Widarman, President Director of PT Pindad Abraham Mose, PT Dirgantara Indonesia Gita Amperiawan and PT PAL Indonesia Kaharuddin Djenod.

For your information, this share transfer previously received the blessing of the President of the Republic of Indonesia Joko Widodo (Jokowi) last January through Government Regulation (PP) Number 5 of 2022 concerning the Addition of Indonesian State Equity Participation into the share capital of PT Len Industri (Persero).

The PP has also been supplemented by the Decree of the Minister of Finance (KMK) No.40/KMK.06/2022 concerning the Determination of the Value of the Republic of Indonesia's State Equity Participation in the Share Capital of PT Len Industri (Persero) which was signed by the Minister of Finance Sri Mulyani on 14 February.