Ángel Escribano: ‘Minsait is not for sale, it is being reinvented, and Indra's subsidiary Land Vehicles will be our engine of industrial growth’

The president of the Indra Group, Ángel Escribano, has announced the creation of a new subsidiary for land vehicles, Indra Land Vehicles, which will be the engine of industrial growth for the company, whose manufacturing capacities he wants to recover ‘to once again turn Indra into a company with the capacity to tackle the whole process of design, production, assembly, systems integration, fine-tuning, delivery and maintenance’.

He made this statement during his appearance before the Joint National Security Committee of the Congress of Deputies, in which he emphasised that ‘recovering the manufacturing capabilities that should never have been lost, not only in Indra but at an industrial level, will allow us to create value, products, quality employment and progress. Not being autonomous leads to a loss of value and strategic autonomy, as we have seen in recent years’.

Indra Land Vehicles will be an industrial vector for the company, a new subsidiary that will have a presence in Asturias, a highly industrialised area of Spain with a network of sufficiently experienced suppliers. Indra is already in negotiations to concentrate its land vehicle manufacturing capacity in the region.

With regard to the 8x8, Escribano emphasised the five years of work that have gone into developing ‘a highly advanced platform, with very high standards, in which 80% of the products it carries are state-of-the-art’. ‘It is a super-machine with such a range of different cutting-edge technologies that the challenge has been to integrate them properly’, he remarked.

Faced with the exponential growth in data volume, as well as the difficulty in understanding it and the complexity of decision-making, the president of the Indra Group also highlighted the launch of IndraMind, intelligence, supported by AI and other key technologies, designed to maximise the automation of critical operations and ensure superiority in multidomain operations. ‘This platform is part of our strategy to reinvent Minsait, which is not for sale, but rather we are working on its evolution towards higher value services,’ he explained. 

In terms of space, following the acquisition of Hispasat, Hisdesat and Deimos, the group's strategy is to create a company capable of building a complete satellite, covering the entire end-to-end value chain, with a dual civil and military vision, and enabling communications control.

Although the Indra Group's economic results in 2024 have been excellent, Escribano has stated that they are not satisfied and, therefore, they have brought forward their target of a turnover of 10 billion euros by two years, to 2028. 

The president of the Indra Group has stated that he has arrived to ‘bring about a major change that will allow Indra to grow in size, become the driving force and backbone of industry throughout the country and a major European defence company’.