President Prabowo Subianto revealed that he had thwarted efforts by certain parties to sell the domestic defense industry to foreigners because the state-owned enterprises were unable to generate significant profits.
"There are so many companies that, as if, were going to be sold to foreigners, I forbid it! Previously, the defense industry was going to be sold. PT PAL was going to be sold, PT Pindad was going to be sold, PT DI was killed and wanted to be sold. We revive them! Now, we will revive all of those companies," said President Prabowo while speaking at the inauguration of five dams at the Meninting Dam, West Lombok, West Nusa Tenggara (NTB), Friday.
President Prabowo, who has been in charge of defense since serving as defense minister during the second term of the 7th President Joko Widodo's administration, namely from 2019-2024, then announced that the state-owned defense companies, which were initially intended to be "killed" and "sold", have now grown and developed rapidly.
