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Indra: Escribano reinforced by shareholders and a sheet of innovation that looks to the future
After some turbulent weeks, marked by pressures from Moncloa and a Board of Directors in which SEPI, with 28% of the shares, did not dare to ask for the head of Indra's presidency, Ángel Escribano emerges strengthened, with 14.30% participation and the backing of the majority of the board. His management, endorsed by results and strategic alliances, opens a horizon of new contracts and commercial agreements that consolidate Indra as a first-tier industrial player.
Among its achievements are four major alliances with international companies: the German Rheinmetall, the Korean Hanwha Aerospace, the Spanish GMV and the British Transport for London. Sources from the company and the economic sector agree that Escribano's position has not been weakened. The company maintains a steady pace of expansion, closing contracts and agreements both in Spain and abroad, consolidating an agenda that combines technological innovation, skilled employment, and industrial sovereignty.
Spain as industrial axis of innovation
Indra continues its industrial deployment in different regions of the country. In Asturias, its new plant in Tallerón de Gijón hosts the advanced artillery program, within the Army's Special Modernization Program. This project includes a significant investment, modernizing the plant and generating several hundred jobs. The initiative houses state-of-the-art technological and industrial processes, such as the manufacturing of the 8x8 “Dragón” armored vehicle, mobilizing more than 400 workers and fifty companies, half Asturian and the rest from Galicia, Cantabria, Andalusia, Catalonia, Basque Country, Madrid and Portugal.
In Castilla y León, Indra has announced the construction of the largest multi-purpose drone factory in Spain, distributed between León and Valladolid, with an investment of several million euros and around 450 jobs. The project consolidates the production of unmanned aerial vehicles and advanced autonomous systems. This Thursday, the Junta de Castilla y León ratified the continuity of the Strategic Plan for Enhancement and Growth 2027, dismissing the request for suspension and nullity presented by Podemos.
In Vigo, the Free Trade Zone and Indra signed a collaboration protocol for the establishment of the Aerospace and Defense Center of Excellence, in the VgoTIC global HUB complex. By 2026, more than 200 professionals are expected to work there, mostly Galicians with a high technological profile. The center includes laboratories and offices aimed at boosting the economic and technological development of the region.
Currently, Indra has more than 50,000 employees and more than 30 productive and technological centers, many in Spain, consolidating a model that combines cutting-edge technology with industrial opportunities and qualified employment.
Innovation: a catalog of the future
Indra maintains an extensive innovation agenda:
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Sovereign artificial intelligence: platforms like IndraMind that anticipate threats, manage critical infrastructures and support hybrid operations with high autonomy and resilience.
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Autonomous drone and UAV systems: reconnaissance and support platforms for civil and military operations.
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European projects and advanced chips: initiatives like GIGaNTE, focused on gallium nitride (GaN) for communications and radar.
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Participation in the FCAS consortium: development of systems for the Future Combat Air System, with advanced computing, secure communications and artificial intelligence.
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Technology laboratories and advanced simulation: R&D in emerging electronics, photonics, sensors, radiofrequency and integrated systems.
The recent past and the immediate future are also reflected in large-scale industrial agreements: advanced artillery programs with Hanwha Aerospace, valued at billions of euros, and cooperation with Rheinmetall for armored vehicles, uniting business, employment, and technological sovereignty.
The conflict of interests and shareholder support
The figure of Joseph Oughourlian, chairman of the PRISA Group and shareholder of Amber Capital, was key in Escribano's continuity. Despite governmental pressures not to support Indra's chairman, Oughourlian remained by his side, reinforcing his position against the Executive.
In this context, Escribano renounced merging Indra with his family company, EM&E Group, to avoid accusations of conflict of interest and preserve the presidency. The controversy over the conflict is nuanced by history: according to Indra's CEO, José Vicente de los Mozos, the merger had already been on the table of the previous president, Marc Murtra, and Escribano never participated as an active subject in the operation.
Economic sources add that the majority of shareholders continues to support the idea of merging both companies, convinced that it would increase the value of the “national champion” in defense.
Recognition in a historical event
Just 24 hours before the board meeting that could have altered the company's course, Escribano collected the award for Best Executive of the IBEX 35, at the ceremony organized by Cinco Días at the Madrid Stock Exchange.
During his speech, he stressed that the award was on behalf of all Indra employees, “those who believe, persevere, get up early and keep working when no one applauds.” He highlighted that Indra was the IBEX 35 stock that grew the most in 2025, with 184%, and defended the importance of cohesive industrial chains and solid alliances, with more than 140 agreements reached in the last year.
He celebrated Indra's advances in artificial intelligence, chip manufacturing, secure communications and satellite systems, and encouraged maintaining discipline and a long-term vision to build "a more resilient economy".
The CEO of BME, Juan Flames, highlighted the tangible impact of Escribano's management, assuring that Indra had reached “its highest levels of valuation, visibility, and solvency” under his leadership. The support of the IBEX 35, business sources emphasize, was decisive in reflecting where business leaders stand, valuing Indra's solid growth and its strengthened position in defense and technology.