Indonesia has carried out defense industry state-owned enterprises holding to create a strong and independent defense industry. This study aims to examine the opportunities and challenges of the Indonesian defense industry after holding. This qualitative research uses interviews and literature studies as a method of collecting data that originates from primary and secondary data, and analyzed using the competitive strengths model. By holding the defense industry holding, defense independence will be more easily realized because the state-owned defense industry is much more consolidated so that it is better prepared to compete in the global market and can generate economic benefits for Indonesia. However, there are a number of challenges that must be overcome by the Indonesian government, including fulfilling domestic component level and becoming the top 50 in the world's defense industry. A number of these challenges need to be resolved and pursued so that Indonesia's dependence on defense and security from abroad is reduced.

Keywords : Competitive Analysis, Defense Industry, State Owned Enterprises, Holding, Opportunities And Challenges