Indra presented its new Strategic Plan titled ‘Leading the Future’ within the framework of its Capital Markets Day, with the aim to become the coordinator of the Spanish defense and aerospace ecosystem.
The company also aims to play a key role in European security and sovereignty.
The company will thus focus on defense, aerospace and advanced digital technologies in the coming years with the purpose of “secure the future powering tech progress”.
Moreover, Indra aims to strengthen its position as the coordinator of Defense programs in Europe and the technological ecosystem by driving innovation, stimulating economic growth and improving competitiveness. It also intends to enhance its standing as the employer of choice for high-value technological talent, with the clear purpose of “secure the future powering tech progress”.
“The aim of Leading the Future is to turn Indra into the flagship Spanish multinational firm for defense, aerospace and advanced digital technologies. Some neighboring countries, such as the United Kingdom, Italy and France, have already brought this vision to life by consolidating their Defense and Aerospace sectors under their national champions in a process that’s taken them over a decade. This process is crucial to achieve true strategic autonomy in Spain, and Indra aspires to lead the national ecosystem in less than 10 years,” emphasized Indra's chairman Marc Murtra during the presentation of the plan to analysts and investors. During his speech, Murtra reviewed the current favorable conditions in the defense and technology industries and pointed to Indra’s solid position and track record in the two businesses, which it will capitalize on to implement its new plan.
Indra’s chairman listed the clear long-term strategic guidelines set out in Leading the Future to achieve it:
• Accelerate the transition to become the multi-domain national reference in defense, with the aims of increasing its relevance as a global systems integrator, as well as a domestic coordinator of the ecosystem in Spain in Air & Land programs and develop the space domain. To achieve the latter goal, Indra will create a new space company that aspires to become the national benchmark and a major European company.
• Make Indra the global leader of ATM (Air Traffic Management), scaling its position in North America and Asia Pacific.
• Turn Indra into the advanced technology & services ecosystem coordinator across industries in Europe & Latin America, fostering the development of most advanced digital technologies and capabilities in Artificial Intelligence, Cloud & Cybersecurity.
• Reinforce Indra’s brands to keep its current status of preferred employer for high-value technological talent in priority geographies.
Indra’s CEO, José Vicente de los Mozos, pointed out that, in order to secure the foregoing, Indra must continue to transform its culture, management, processes and operations. The pillars of Indra’s strategy will also include the simplification and strategic focus of its range of products, in order to align them with its customers’ needs and market demand, and the drive for innovation. Indra will invest over €3 billion in RDI in this area until 2030.
“To articulate this transformation, Indra will evolve towards a more flexible group structure through a new company for space and structural changes in Minsait, including the incorporation of Mobility as a vertical and the entry of strategic partners,” indicated de los Mozos, who outlined the seven strategic lines upon which the Leading the Future plan will be based:
• Indra will focus on defense and aerospace to become a European reference in defense and expand its leadership and alliances in ATM to the United States and Asia Pacific/India.
• It will boost growth of the space domain, creating a new company with an end-to-end dual civil-military value proposition.
• It will increase Minsait’s autonomy, opening up participation to strategic shareholders to speed up its ambitious growth plan.
• It will strengthen its presence in new home markets to boost its local positioning and increase its proximity to its clients in key regions.
• It will activate portfolio rotation, including the divestiture of non-core assets and expanding its ecosystem to consolidate its footprint in Western Europe, the Middle East and the United States and complementing its capabilities.
• It will increase its investment in technological R&D, guaranteeing its critical capabilities.
• Finally, Indra will double down efforts on critical talent.
