Jakarta, June 11 -- President Prabowo Subianto witnessed the signing of 27 memorandums of understanding (MoUs) worth Rp33 trillion (US$1.9 billion) on the first day of the Indo Defence Expo & Forum in Jakarta on Wednesday.

The MoUs between state-owned defense companies, private players, and foreign defense firms were signed simultaneously.

The companies comprised PT Pindad, PT Dirgantara Indonesia, PT PAL Indonesia, PT Len, PT Dahana, PT Republik Defens Indonesia, PT Praba Cipta Mandiri, PT Nusantara Turbine Propulsi, and PT Agrapana Nugraha Katara.

They further included PT Tesco Indomaritim, PT Indonesia Defence Systems, PT Aggiomultimex International Group, PT Sapta Cakra Manunggal, PT Mitra Harapan Abadi, PT Mulia Buana Dharma Trans...