Indra Tecnocom

Indra to supply Surface Awareness Iniative systems for US Federal Aviation Administration

Alphavalue/DIVACONS | The Spanish IT services and consulting company will supply Surface Awareness Iniative (SAI) systems for the Federal Aviation Administration (FAA) of the United States, the civil aviation authority that manages the country’s air traffic. The FAA approved Indra’s SAI solution, called AeroBOSS, which allows the company to provide its technology for surveillance and monitoring of aircraft on the surface, as well as to reduce the risk of runway…

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CVC Capital Partners, new candidate to buy Indra technology subsidiary Minsait for €1.8 billion

Link Securities | CVC Capital Partners has joined Apax and Bain Capital as a candidate to buy Minsait, Indra’s technology subsidiary, which together could be worth up to €1.8 billion, as reported yesterday by Cinven has already shown its interest in acquiring the payment media division, a deal that could be worth between €600 and €700 million. According to these sources, these international private equity firms have already officially…

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Indra finalises decision to sell stake in Minsait and hires Citi and AZ Capital to manage process

Renta 4 | According to press reports, Indra has hired Citi and AZ Capital for the Minsait sale process. The valuation of the investment banks carried out in the last weeks presents a very wide range, between €1.3 and €2.1 billion. The management announced at the Investor Day on 6 March its intention to sell a minority or majority stake in its technology subsidiary. The objective is to start the…

Indra Tecnocom

Indra rises 8.8% after posting solid Q1 results and projecting Ebit of €400m for full year

Singular Bank | The Spanish Defence and Technology Consulting company rallied 8.8% today after posting solid 1Q results and projecting Ebit of €400m for the full year, in line with strategic plan forecasts. Net order intake grew 12% year-on-year and backlog reached a new record high of €7.2 billion, bringing the backlog-to-sales ratio to 1.58x. Revenues increased 22%, with double digit growth in the Defence (56%), Mobility (19%) and Minsait…

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Indra wins €15m contract to renovate St. Louis metro ticketing system (USA)

Alphavalue/ Divacons | The Spanish IT services and consultancy company has been awarded a contract for almost €15m to renovate the ticketing machines for the St Louis metro (Missouri, USA). Indra has indicated that the new machines will be “state-of-the-art” and will replace the current ones, which were also supplied by the company between 2006 and 2012 and were distributed in the 38 stations of the St. Louis metro network.

Indra Tecnocom

Indra to control space business value chain with foundation of Indra Espacio, estimated turnover of €1 billion by 2030

Singular Bank| The company is to create a separate company, Indra Espacio, to boost its aerospace business, which in its strategic update a fortnight ago said it expected to have a turnover of €1 billion by 2030. It will focus on space and earth observation, navigation, and building satellite constellations. Thus, it aims to control the value chain of the space business, and for this it could make acquisitions of…

Indra Tecnocom

Indra to carry out temporary share buyback programme worth €16.5 million from today until 19 April

Link Securities| Indra’s Board of Directors informed the CNMV that it has agreed to carry out a Temporary Share Buyback Programme, with the following characteristics: – The purpose of the Programme is to enable Indra to comply with the obligations to deliver shares to its executives and employees arising from the remuneration system in force. – The Programme will affect a maximum of 854,000 shares, representing 0.48% of the share…

Indra Tecnocom

Indra buys remaining 65% of GTA and is now one of few companies in the world able to cover entire value chain of the business

Link Securities| Indra, a leading global consulting and technology company, has closed the acquisition of 65% of Global Training Aviation (GTA), thus reaching 100% of the capital, and becomes one of the few companies in the world able to cover the entire value chain of this business, from the development of the most advanced simulators and training systems to the provision of training services for civil and military pilots. Indra…

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Indra wins Lockheed Martin contract to equip four Saudi ships with state-of-the-art electronic defence systems

Link Securities | According to media reports, US company Lockheed Martin has awarded Indra a contract to equip four Saudi ships with state-of-the-art electronic defence systems. The 118-metre-long vessels, with a range of 5,000 miles, are prepared to operate in both coastal and ocean areas. They will be delivered with this Spanish technology to the Royal Saudi Arabian Navy. The companies have declined to disclose the amount of the contract….

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Indra interested in taking control of Tess Defence

Link Securities| Indra (IDR) informed the National Securities Market Commission (CNMV) that the current CFO of the Company, Mr. Borja García-Alarcón, has informed the company of his decision to leave his position at the end of February, following the preparation of the accounts and the presentation of results for the financial year 2023, in order to begin a new professional stage. Indra would like to thank Mr. García-Alarcón for his…