Indra benefits from European rearmament

Indra benefits from European rearmament

MadridThere are always companies that take advantage of crises, and in the case of European (and therefore also Spanish) rearmament, there will be a clear winner: the technology and defense company Indra. The company, headed by Catalan Marc Mortra, aspires to be “the company of choice” when it comes to defence, space and digital technology, and it is clear that the winds are blowing in its favor: “Europe is entering a new century of defense investment,” Mortra said, on Wednesday, during the presentation of the strategic plan 2024-2026. . In fact, President Indra gave the example that Spain aims to increase defense spending by up to 11% every year: the country has committed to NATO to reach 2% of GDP before 2030.

It has been a long time since the company began sending messages that it is necessary to strengthen its defense business, a goal achieved with the war in Ukraine and the change in the military model of the old continent (which wants to restore military autonomy). In fact, the internal battle the board has been witnessing for nearly two years has been the result, in part, of contradictions regarding the business vision. While one wing of managers wanted to maintain its bet on consulting through its technology subsidiary Minsite, another wing, led by Murtra, had a clear bet on defence.

In this context, the company detailed a new structure. Currently, its activity is concentrated in the defense departments; air traffic management; Mobility and finally Minsait subsidiary. In the strategic plan explained by Mortra, together with CEO José Vicente de los Mozos, on Wednesday, the defense area is growing, air traffic management is maintained and space is added (a new subsidiary dedicated to this sector is planned), while Minset will include mobility activity. In addition, for the subsidiary, Indra confirmed that it will look for an investment partner to “raise its independence.”

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Income up to 6000 million

Indra expects to issue a bill of €6,000 million in 2026 and reach a turnover of €10,000 million in 2030, figures that analysts present at the plan's presentation described as “ambitious”. In fact, the 10,000 million is more than double the current turnover (€4,343 million in 2023). De los Mozos has also opened the door to the company's possible entry into communications satellite operator Hispasat, a move that would be in line with the company's intention to become a “country champion” in defense and technology. It should be noted that Hispasat is the majority shareholder (43%) of the Spanish government satellite operator Hisdesat.

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