UKEF Secures £128 Million for Indonesian Navy’s Submarine Rescue Systems
Naval News [Unofficial]
April 11, 2026
The United Kingdom’s export credit agency, UK Export Finance (UKEF), has secured £128 million in loan guarantee financing to support the export of British-made submarine rescue vehicle systems (SRVS) to the Indonesian Navy (TNI AL). The financing support was awarded to two companies: Bristol-based Submarine Manufacturing and Products Limited Ltd (SMP) and York-headquartered Forum Energy ...
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