Indonesia's Arms Industry Strengthens, PT Pindad Sales Grow Rapidly until 2023

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Adi Ahdiat 03/10/2025 13:09 WIB

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The Indonesian arms industry has strengthened in recent years. This is evident from the rapidly growing sales performance of PT Pindad (Persero).

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PT Pindad Net Sales (2015-2023)

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Indonesia's arms industry has strengthened in recent years. This is evident from the rapidly growing sales performance of PT Pindad (Persero).

PT Pindad is one of the state-owned enterprises (SOEs) in the defense industry. They produce military primary weapon systems, specifically for land forces.

Some examples of PT Pindad's products include assault rifles, sniper rifles, machine guns, pistols, grenades, ammunition, combat vehicles, water cannons, and even medium-sized tanks.

Besides weapons, PT Pindad also produces heavy equipment for construction needs, transportation supporting infrastructure, and commercial explosives services for mining.

Based on the company's financial reports, PT Pindad's sales value in 2015 was only around Rp1.95 trillion.

After that, its sales value continued to rise, reaching Rp7.98 trillion in 2023, a new record high.

Furthermore, during the 2021-2023 period, PT Pindad's sales value grew by approximately 24% to 40% (year-on-year) annually.

According to PT Pindad, their achievements in 2023 were also supported by government policy.

"In 2023, Indonesia's defense industry experienced significant development, in line with the implementation of Law No. 16 of 2012, which mandates the state to empower the domestic defense industry," said PT Pindad's management in the 2023 Annual Report.

"PT Pindad, as a key player in Indonesia's defense industry, has benefited from this policy and continues to innovate and increase its production capacity to meet the country's primary weapon system needs," they said.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Arms Industry Strengthens, PT Pindad Sales Grow Rapidly until 2023

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