indra

Spanish economy 21st March 2025

Indra criticises General Dynamics’ management by announcing intention to buy armoured vehicle manufacturer Santa Bárbara Sistemas

Alphavalue/ Divacons | Expansión comments that Indra is concentrating its signings on defence companies. For his part, the president Ángel Escribano emphasises that they will fulfil the strategic plan ahead of schedule. According to yesterday’s Expansión, the Spanish IT services and consulting company harshly criticised the management of Santa Bárbara by General Dynamics, the US defence giant. The Spanish company started a transatlantic war of words by announcing its intention…

Spanish economy 18th March 2025

Indra: Minsait subsidiary not for sale, company working towards developing higher value services

Banco Sabadell | According to the press, the main messages to be drawn from the appearance of Ángel Escribano (President of Indra) last week in the Congress of Deputies are: (i) Regarding the sale of Minsait, he stated that it is not for sale and that work is being done to develop it into a higher value service, (ii) he did not hide the interest in acquiring Santa Bárbara, but…

Relevant News Item 10th March 2025

Tailwinds for Indra after increase in military spending by at least 1.5% of GDP at EU’s behest: target price up to €30

Intermoney | The EU has urged its governments to increase military spending by at least 1.5 percentage points of GDP, which would imply an increase of around €650 billion in total. To this end, they will present a plan to provide greater fiscal flexibility to governments to boost their defence spending. We have already published a report in which we analysed why allocating 2% of GDP to defence was not…

European economy 6th March 2025

With European defence sector benefiting from geo-strategic environment, Indra trades at lowest multiples

Bankinter: The good momentum in the sector continues and our thematic portfolio is up 30% for the year, especially thanks to European stocks. In February the Munich Security Conference ended without a preliminary agreement to put an end to the war between Russia and Ukraine, but with a clear conclusion: Europe must be prepared and significantly increase its defence spending. In line with this argument, some NATO countries have already…

In Europe 11th February 2025

Indra to provide German Air Force, Luftwaffe, with state-of-the-art radar for detecting objects in low space orbits

Link Securities | Following approval by the German Parliament, Indra has signed a contract with the Federal Office of Procurement (BAAINBw) of the German Armed Forces (Bundeswehr) to provide its Air Force, the Luftwaffe, with a state-of-the-art low-orbit object detection radar, the digital portal Bolsamania.com reported yesterday. The system will protect active satellites from possible impact with debris from other missions that orbit uncontrollably at high speed and can damage…

In Europe 5th February 2025

Indra becomes most integrated European space company with control of Hisdesat and Hispasat: global Tier 1 status targeted by 2027/30

Renta 4 | The acquisition of Hispasat gives Indra a 43% stake in Hisdesat (military segment) which, together with the 7% it already owns, gives it control of Hisdesat and allows it to consolidate it. Indra will announce the degree of consolidation in its 4Q24 results presentation (Thursday 27 February). Hispasat and Hisdesat significantly boost Indra’s presence in upstream activities, with a potential market of around €36 million and EBITDA…

In the World 30th January 2025

Indra implementing supply and logistics systems at Port of San Antonio in Chile

Alphavalue/DIVACONS | The Spanish IT services and consultancy company announced on Tuesday that it is implementing the digitalisation and interoperability systems of all the processes involved in the supply and logistics chain of the Port of San Antonio in Chile, the country’s main and largest port. Indra’s Port Community System (PCS) integrates in a single digital platform in the cloud, all the information related to the activities of transport of…

In Spain 21st January 2025

Indra Board appoints Angel Escribano as executive chairman and board member following Marc Mutra’s departure to Telefónica

Intermoney | On Saturday afternoon, Telefónica (TEF) informed the National Securities Market Commission (CNMV) that it was dismissing its current chairman, Jose María Álvarez-Pallete, and appointing Marc Murtra (current chairman of Indra) as the new chairman. Indra (IDR) yesterday issued a statement announcing the resignation of its current chairman, and also announcing the appointment of Ángel Escribano as the new executive chairman. Escribano is co-founder and owner with his brother…

In Spain 18th December 2024

Indra showcases capabilities of state-of-the-art Cyber Situational Awareness System

Link Securities | The company, invited by NATO’s Allied Command Transformation (ACT), demonstrated at one of the world’s largest collective cyber defence exercises, the Cyber Coalition 2024 held in Estonia from 2-6 December, the concept and capabilities of a new state-of-the-art Cyber Situational Awareness System, digital portal Bolsamania.com reported yesterday. The platform (called CySAS, Cyber Situational Awareness System) provides a real-time view of operations being conducted in and through cyberspace…

In Europe 16th December 2024

Eurocontrol successfully implements first digital air traffic management platform using Indra technology

Alphavalue/DIVACONS | Eurocontrol successfully implemented, in collaboration with ATOS and Microsoft, the first digital platform for air traffic management in the public cloud. This platform uses digital technology developed by Indra (IDR) and is part of the Integrated Nerwork Management (iNM) programme, driving the digitisation of the systems that manage the European aviation network. Indra: Add, Target Price €20.5/share.

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