UK, Indonesia reach $5.24 billion maritime deal
Published by Global Banking & Finance Review®
Posted on November 21, 2025
1 min readLast updated: January 20, 2026

Published by Global Banking & Finance Review®
Posted on November 21, 2025
1 min readLast updated: January 20, 2026

UK and Indonesia have signed a $5.24 billion maritime deal led by Babcock, supporting 1000 UK jobs and enhancing defense ties.
(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)
A defense firm is a company that specializes in the production of military equipment, technology, and services for national defense and security.
Explore more articles in the Finance category


