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    1. Home
    2. >Finance
    3. >UK, Indonesia reach $5.24 billion maritime deal
    Finance

    Uk, Indonesia Reach $5.24 Billion Maritime Deal

    Published by Global Banking & Finance Review®

    Posted on November 21, 2025

    1 min read

    Last updated: January 20, 2026

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    Tags:job creationUK economyinternational capital

    Quick Summary

    UK and Indonesia have signed a $5.24 billion maritime deal led by Babcock, supporting 1000 UK jobs and enhancing defense ties.

    UK and Indonesia Secure $5.24 Billion Maritime Deal

    (Reuters) -Britain and Indonesia have agreed to a 4 billion pound ($5.24 billion) maritime deal led by defence firm Babcock to build vessels for the Southeast Asian country, the British government said on Friday.

    "The boats will be built in Indonesia using British shipbuilding expertise, which will support 1000 jobs at home in the UK," the UK government said.

    ($1 = 0.7637 pounds)

    (Reporting by Bipasha Dey in Bengaluru; Editing by Chris Reese)

    Key Takeaways

    • •UK and Indonesia agree on a $5.24 billion maritime deal.
    • •The deal involves building vessels in Indonesia using UK expertise.
    • •Babcock leads the defense contract for vessel construction.
    • •The agreement supports 1000 jobs in the UK.
    • •The deal strengthens UK-Indonesia defense relations.

    Frequently Asked Questions about UK, Indonesia reach $5.24 billion maritime deal

    1What is a defense firm?

    A defense firm is a company that specializes in the production of military equipment, technology, and services for national defense and security.

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