BrahMos Aerospace, based in India, expects to close a deal this year to sell Indonesia supersonic cruise missiles worth at least $200 million as it seeks to expand its presence in Southeast Asia, according to its CEO.
BrahMos, an Indian-Russian joint venture, closed its first foreign deal last year, a $375 million sale of shore-based anti-ship missiles to the Philippines, as part of Indian Prime Minister Narendra Modi’s ambitious push to triple defence exports. The company has been in lengthy talks with Indonesia, and no details about the size or timeline of a potential deal have previously been reported. According to BrahMos Aerospace CEO Atul D. Rane, the company is in advanced talks with Jakarta about a deal worth $200 million to $350 million in which it has offered to supply shore-based missiles as well as a version that can be mounted on warships.
Growing China’s Presence
According to data from defence intelligence firm Janes, Indonesia, and the Philippines have increased their spending on the procurement of weapons and other military equipment in response to a growing Chinese maritime presence in the South China Sea and some surrounding areas.
According to the data, Indonesia’s investment in the acquisition of new weapons increased by nearly 28% in 2021 and 69% in 2022, while the Philippines increased by 29% in 2021 and 40% in 2022, far exceeding the Southeast Asian average. Traditional suppliers such as the United States, France, and Russia account for the majority of new military purchases in Southeast Asia, but India, the world’s largest defence importer, and BrahMos are attempting to make inroads.
Also read: Is Brahmos Missile Enough For India?
“Both the governments of India and Russia have given us permission to market to every country in Southeast Asia,” Rane said. BrahMos was formed in 1998 as a joint venture between India’s state-run Defence Research and Development Organization and Russia’s NPO Mashinostroyenia through an inter-governmental agreement.
Sanctions imposed by the West on Russia for its invasion of Ukraine have had no effect on BrahMos production or planning, according to Rane. Although Russian parts and raw materials continue to be used in BrahMos missiles, Rane claims that the percentage of local input has increased to more than 70% from around 15% at the start of the venture.
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