# INDRA SISTEMAS

Summary updated: 2026-10-04T14:37:21.032786Z
Canonical: https://finbar.com/research/companies/indra-sistemas

## Overview

Indra Sistemas is a Spanish multinational in defence and advanced technologies. Its businesses span defence, space, air traffic management, mobility and IT services through Minsait, with capabilities including radar, satellites, drones, cybersecurity and cyberdefence. [1](https://app.finbar.com/go?id=P67368119)[2](https://app.finbar.com/go?id=P98491498) The company states its mission is to help drive “a safer, more connected, and more sustainable future.” [3](https://www.indragroup.com/en/about-the-group)

The company has a broad international footprint, with local presence in 46 countries and operations in more than 140, according to its company profile. [1](https://app.finbar.com/go?id=P67368119) For reporting year 2025, it reported revenue of €5.457 billion and 62,400 employees. [4](https://app.finbar.com/go?id=T8451143)[5](https://app.finbar.com/go?id=P4392209)
[1](https://app.finbar.com/go?id=P67368119)[2](https://app.finbar.com/go?id=P98491498)[3](https://www.indragroup.com/en/about-the-group)[4](https://app.finbar.com/go?id=T8451143)[5](https://app.finbar.com/go?id=P4392209)[3](https://www.indragroup.com/en/about-the-group)

## Products & services

Indra’s defence portfolio includes the LANZA family of 3D air-surveillance radars, offered in fixed and deployable configurations, and radar and identification-friend-or-foe systems. Its electronic-warfare products include the NGEAP airborne attack pod for jamming and deception, as well as ground systems for detecting, intercepting, interfering with and deceiving radar, communications and data links. Named land-platform products include the MK-10, MT01, TIFCS and AMAZON fire-control systems. [6](https://defence.indragroup.com/en/systems-services/air-defence-radars)[7](https://defence.indragroup.com/en/systems-services/radar-and-iff-solutions)[8](https://defence.indragroup.com/en/systems-services/electronic-warfare)[9](https://defence.indragroup.com/en/systems-services/ground-based-electronic-warfare)[10](https://defence.indragroup.com/en/systems-services/systems-for-land-platforms)

Air-traffic products include iTEC SkyNex, an automation system using 4D trajectories, InNOVA Tower, a modular platform integrating tower, approach and A-SMGCS functions, and MicroNav radar simulation for controller training. In rail, In-Mova Rail provides automatic traffic management and integrates signalling with train protection; Open Digital Signalling is designed for interoperability. Mobility products also include fare-collection systems supporting open EMV, account-based ticketing and BIBO, and the In-Mova Traffic management platform. [11](https://airtraffic.indragroup.com/en/what-we-do/automation)[12](https://airtraffic.indragroup.com/en/blog/indra-air-traffic-at-airspace-world-2026-technological-innovation-to-transform-air-traffic-management)[13](https://airtraffic.indragroup.com/en/what-we-do/simulation)[14](https://mobility.indragroup.com/en/solutions-services/in-mova-rail-automatic-railway-traffic-management-system)[15](https://mobility.indragroup.com/en/solutions-services/open-digital-signalling)[16](https://mobility.indragroup.com/en/solutions-services/afc-systems-ticketing)[17](https://mobility.indragroup.com/en/solutions-services/in-mova-traffic-advanced-traffic-management-system)

Minsait’s Onesait Platform provides modular data access, real-time rules and analytics. Onesait Grid supports distribution-grid monitoring and control, distributed-energy-resource integration, planning and maintenance; Onesait Utilities Metering manages meter-data collection, validation, editing and analysis. Minsait also offers AI and data, cloud, cybersecurity, payments and consulting services. [18](https://www.onesait.com/technology/platform)[19](https://www.onesait.com/grid/grid/)[20](https://www.minsaitacs.com/en/onesait-utilities-metering-mdm)[21](https://www.minsait.com/en/services)

Indra reports financial mix by business division rather than by individual product. In FY2025, sales were 57% Minsait, 26% Defence, 10% Air Traffic and 7% Mobility; these figures are not product-level revenue shares. [22](https://app.finbar.com/go?id=P111442450)[23](https://www.indragroup.com/en/fy-2025-results)
[22](https://app.finbar.com/go?id=P111442450)[6](https://defence.indragroup.com/en/systems-services/air-defence-radars)[7](https://defence.indragroup.com/en/systems-services/radar-and-iff-solutions)[8](https://defence.indragroup.com/en/systems-services/electronic-warfare)[9](https://defence.indragroup.com/en/systems-services/ground-based-electronic-warfare)[10](https://defence.indragroup.com/en/systems-services/systems-for-land-platforms)[11](https://airtraffic.indragroup.com/en/what-we-do/automation)[12](https://airtraffic.indragroup.com/en/blog/indra-air-traffic-at-airspace-world-2026-technological-innovation-to-transform-air-traffic-management)[13](https://airtraffic.indragroup.com/en/what-we-do/simulation)[14](https://mobility.indragroup.com/en/solutions-services/in-mova-rail-automatic-railway-traffic-management-system)[15](https://mobility.indragroup.com/en/solutions-services/open-digital-signalling)[16](https://mobility.indragroup.com/en/solutions-services/afc-systems-ticketing)[17](https://mobility.indragroup.com/en/solutions-services/in-mova-traffic-advanced-traffic-management-system)[18](https://www.onesait.com/technology/platform)[19](https://www.onesait.com/grid/grid/)[20](https://www.minsaitacs.com/en/onesait-utilities-metering-mdm)[21](https://www.minsait.com/en/services)[23](https://www.indragroup.com/en/fy-2025-results)

## Geographic presence

In FY2025, Indra Sistemas reported group revenue of €5,457 million: Spain €2,917 million (about 53.5%); Europe €1,047 million (19.2%); America €1,027 million (18.8%); and AMEA €467 million (8.6%). Percentages are calculated from the reported regional amounts and total. [24](https://app.finbar.com/go?id=T7711088) The company’s FY2025 workforce totalled 62,396: 37,405 in Spain (60%), 19,002 in America (30%), 3,837 in Europe (6%), and 2,152 in Asia, the Middle East and Africa (3%). [25](https://app.finbar.com/go?id=T7943032)

Indra’s official group information describes offices and technology centres in more than 49 countries and commercial operations in over 140 countries. Its “Where we are” page separately describes offices in 46 countries across five continents; these pages therefore present different office-country counts. [3](https://www.indragroup.com/en/about-the-group)[26](https://www.indragroup.com/en/where-we-are)
[24](https://app.finbar.com/go?id=T7711088)[24](https://app.finbar.com/go?id=T7711088)[24](https://app.finbar.com/go?id=T7711088)[24](https://app.finbar.com/go?id=T7711088)[24](https://app.finbar.com/go?id=T7711088)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[25](https://app.finbar.com/go?id=T7943032)[3](https://www.indragroup.com/en/about-the-group)[26](https://www.indragroup.com/en/where-we-are)

## Business segments

Indra reported four business divisions in FY2025, with revenue totaling €5,457 million. Minsait generated €3,129 million, approximately 57% of group revenue; it focuses on IT and technology services, including work for public administrations and healthcare, financial services, and energy and industry. [27](https://app.finbar.com/go?id=P119739378)[1](https://app.finbar.com/go?id=P67368119)[28](https://app.finbar.com/go?id=P30039739)

Defence generated €1,407 million (approximately 26%), spanning air and space defence systems, ground vehicles and systems, FCAS, weapons and ammunition, and Eurofighter. [29](https://app.finbar.com/go?id=P26543444)[30](https://app.finbar.com/go?id=P58572318) ATM (Air Traffic Management) generated €523 million (approximately 10%), including air-traffic technologies such as radio systems and air-navigation radars. [31](https://app.finbar.com/go?id=P109822486)[32](https://app.finbar.com/go?id=P103972126) Mobility generated €398 million (approximately 7%), focused on rail and ticketing, intelligent transport and urban traffic management, and tolling. [33](https://app.finbar.com/go?id=P6548790)[34](https://app.finbar.com/go?id=P90523974) Percentages are approximate, calculated from reported division revenue and group revenue; Indra’s published rounded sales mix is 57%, 26%, 10%, and 7%, respectively. [22](https://app.finbar.com/go?id=P111442450)

The audited FY2024 segment note also presents Defence, Air Traffic, Mobility, and Minsait as business/reportable segments, alongside Corporate/non-distributable items and eliminations. [35](https://app.finbar.com/go?id=P77957636)
[27](https://app.finbar.com/go?id=P119739378)[1](https://app.finbar.com/go?id=P67368119)[28](https://app.finbar.com/go?id=P30039739)[29](https://app.finbar.com/go?id=P26543444)[30](https://app.finbar.com/go?id=P58572318)[31](https://app.finbar.com/go?id=P109822486)[32](https://app.finbar.com/go?id=P103972126)[33](https://app.finbar.com/go?id=P6548790)[34](https://app.finbar.com/go?id=P90523974)[22](https://app.finbar.com/go?id=P111442450)[35](https://app.finbar.com/go?id=P77957636)

## Company history

Indra was established in 1993 through the combination of INISEL, a state-sector technology company, and CESELSA, a private defense-electronics firm, to consolidate Spain’s defense electronics and communications sector [36](https://www.indragroup.com/cms-content/importacion/INDRAcorporativa_mar10_EN.pdf)[37](https://www.infodefensa.com/texto-diario/mostrar/5249317/industria-defensa-espanola-privatizacion-indra). It was privatized in 1998, and its remaining state stake was sold in a public offering in March 1999; Indra began trading that month and joined the IBEX 35 in July [38](https://www.sepi.es/en/sectores/indra-0)[39](https://www.indragroup.com/cms-content/importacion/ia_cap2.pdf). The company broadened its business through the 2006 acquisition of Azertia and the 2007 integration of Soluziona’s consulting and IT activities, followed by its 2011 acquisition of Brazilian IT company Politec [40](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202006.pdf)[41](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202007.pdf)[42](https://www.indragroup.com/cms-content/importacion/indra_acquisition_of_politec_def.pdf).

Indra launched Minsait as its digital-technology and consulting business unit in 2016, and expanded its digital and cybersecurity operations through the acquisitions of Tecnocom, Paradigma and SIA between 2017 and 2020 [43](https://www.indragroup.com/en/news/indra-groups-minsait-digital-transformation-portfolio-strengthen-leadership-accelerate)[44](https://www.indracompany.com/en/node/72059)[45](https://www.indragroup.com/en/news/indra-acquires-paradigma-leading-company-disruptive-technologies-digital-transformation)[46](https://www.indragroup.com/en/news/indra-acquires-creates-leading-cybersecurity-services-firm-spain-portugal). In leadership changes, Fernando Abril-Martorell became executive chairman in 2015, Marc Murtra became non-executive chairman in 2021, and José Vicente de los Mozos was appointed CEO in 2023 [47](https://www.indragroup.com/cms-content/importacion/report_and_proposal_from_board_regarding_executive_director_0_1.pdf)[48](https://www.indragroup.com/cms-content/importacion/210527_pr_indra_chairman.pdf)[49](https://www.indragroup.com/en/news/indras-board-chaired-marc-murtra-approves-proposal-appointments-remuneration-committee). In 2025, Ángel Escribano became executive chairman; Indra completed its acquisition of Redeia’s 89.68% stake in satellite operator Hispasat and agreed to sell its BPO business to Teknei [50](https://www.indragroup.com/en/news/angel-escribano-appointed-new-executive-chairman-indra-group)[51](https://www.redeia.com/sites/default/files/2025-12/30122025-hr-hispasat-en.pdf)[52](https://app.finbar.com/go?id=P36125269).
[52](https://app.finbar.com/go?id=P36125269)[36](https://www.indragroup.com/cms-content/importacion/INDRAcorporativa_mar10_EN.pdf)[37](https://www.infodefensa.com/texto-diario/mostrar/5249317/industria-defensa-espanola-privatizacion-indra)[38](https://www.sepi.es/en/sectores/indra-0)[39](https://www.indragroup.com/cms-content/importacion/ia_cap2.pdf)[40](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202006.pdf)[41](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202007.pdf)[42](https://www.indragroup.com/cms-content/importacion/indra_acquisition_of_politec_def.pdf)[43](https://www.indragroup.com/en/news/indra-groups-minsait-digital-transformation-portfolio-strengthen-leadership-accelerate)[44](https://www.indracompany.com/en/node/72059)[45](https://www.indragroup.com/en/news/indra-acquires-paradigma-leading-company-disruptive-technologies-digital-transformation)[46](https://www.indragroup.com/en/news/indra-acquires-creates-leading-cybersecurity-services-firm-spain-portugal)[47](https://www.indragroup.com/cms-content/importacion/report_and_proposal_from_board_regarding_executive_director_0_1.pdf)[48](https://www.indragroup.com/cms-content/importacion/210527_pr_indra_chairman.pdf)[49](https://www.indragroup.com/en/news/indras-board-chaired-marc-murtra-approves-proposal-appointments-remuneration-committee)[50](https://www.indragroup.com/en/news/angel-escribano-appointed-new-executive-chairman-indra-group)[51](https://www.redeia.com/sites/default/files/2025-12/30122025-hr-hispasat-en.pdf)

## Sources

1. [INDRA SISTEMAS — Press release (2025 Y), p9](https://app.finbar.com/go?id=P67368119)
2. [INDRA SISTEMAS — Presentation (2025 Y), p7](https://app.finbar.com/go?id=P98491498)
3. [www.indragroup.com](https://www.indragroup.com/en/about-the-group)
4. [INDRA SISTEMAS — Press release (2025 Y), p2](https://app.finbar.com/go?id=T8451143)
5. [INDRA SISTEMAS — Presentation (2025 Y), p29](https://app.finbar.com/go?id=P4392209)
6. [defence.indragroup.com](https://defence.indragroup.com/en/systems-services/air-defence-radars)
7. [defence.indragroup.com](https://defence.indragroup.com/en/systems-services/radar-and-iff-solutions)
8. [defence.indragroup.com](https://defence.indragroup.com/en/systems-services/electronic-warfare)
9. [defence.indragroup.com](https://defence.indragroup.com/en/systems-services/ground-based-electronic-warfare)
10. [defence.indragroup.com](https://defence.indragroup.com/en/systems-services/systems-for-land-platforms)
11. [airtraffic.indragroup.com](https://airtraffic.indragroup.com/en/what-we-do/automation)
12. [airtraffic.indragroup.com](https://airtraffic.indragroup.com/en/blog/indra-air-traffic-at-airspace-world-2026-technological-innovation-to-transform-air-traffic-management)
13. [airtraffic.indragroup.com](https://airtraffic.indragroup.com/en/what-we-do/simulation)
14. [mobility.indragroup.com](https://mobility.indragroup.com/en/solutions-services/in-mova-rail-automatic-railway-traffic-management-system)
15. [mobility.indragroup.com](https://mobility.indragroup.com/en/solutions-services/open-digital-signalling)
16. [mobility.indragroup.com](https://mobility.indragroup.com/en/solutions-services/afc-systems-ticketing)
17. [mobility.indragroup.com](https://mobility.indragroup.com/en/solutions-services/in-mova-traffic-advanced-traffic-management-system)
18. [www.onesait.com](https://www.onesait.com/technology/platform)
19. [www.onesait.com](https://www.onesait.com/grid/grid/)
20. [www.minsaitacs.com](https://www.minsaitacs.com/en/onesait-utilities-metering-mdm)
21. [www.minsait.com](https://www.minsait.com/en/services)
22. [INDRA SISTEMAS — Press release (2025 Y), p4](https://app.finbar.com/go?id=P111442450)
23. [www.indragroup.com](https://www.indragroup.com/en/fy-2025-results)
24. [INDRA SISTEMAS — Partial financial report (2025 Y), p10](https://app.finbar.com/go?id=T7711088)
25. [INDRA SISTEMAS — Partial financial report (2025 Y), p11](https://app.finbar.com/go?id=T7943032)
26. [www.indragroup.com](https://www.indragroup.com/en/where-we-are)
27. [INDRA SISTEMAS — Press release (2025 Y), p3](https://app.finbar.com/go?id=P119739378)
28. [INDRA SISTEMAS — Press release (2025 Y), p1](https://app.finbar.com/go?id=P30039739)
29. [INDRA SISTEMAS — Press release (2025 Y), p7](https://app.finbar.com/go?id=P26543444)
30. [INDRA SISTEMAS — Press release (2025 Y), p4](https://app.finbar.com/go?id=P58572318)
31. [INDRA SISTEMAS — Press release (2025 Y), p8](https://app.finbar.com/go?id=P109822486)
32. [INDRA SISTEMAS — Press release (2025 Y), p3](https://app.finbar.com/go?id=P103972126)
33. [INDRA SISTEMAS — Press release (2025 Y), p8](https://app.finbar.com/go?id=P6548790)
34. [INDRA SISTEMAS — Press release (2025 Y), p3](https://app.finbar.com/go?id=P90523974)
35. [INDRA SISTEMAS — Full financial report (2024 Y), p119](https://app.finbar.com/go?id=P77957636)
36. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/INDRAcorporativa_mar10_EN.pdf)
37. [www.infodefensa.com](https://www.infodefensa.com/texto-diario/mostrar/5249317/industria-defensa-espanola-privatizacion-indra)
38. [www.sepi.es](https://www.sepi.es/en/sectores/indra-0)
39. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/ia_cap2.pdf)
40. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202006.pdf)
41. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/Activities%20Report%202007.pdf)
42. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/indra_acquisition_of_politec_def.pdf)
43. [www.indragroup.com](https://www.indragroup.com/en/news/indra-groups-minsait-digital-transformation-portfolio-strengthen-leadership-accelerate)
44. [www.indracompany.com](https://www.indracompany.com/en/node/72059)
45. [www.indragroup.com](https://www.indragroup.com/en/news/indra-acquires-paradigma-leading-company-disruptive-technologies-digital-transformation)
46. [www.indragroup.com](https://www.indragroup.com/en/news/indra-acquires-creates-leading-cybersecurity-services-firm-spain-portugal)
47. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/report_and_proposal_from_board_regarding_executive_director_0_1.pdf)
48. [www.indragroup.com](https://www.indragroup.com/cms-content/importacion/210527_pr_indra_chairman.pdf)
49. [www.indragroup.com](https://www.indragroup.com/en/news/indras-board-chaired-marc-murtra-approves-proposal-appointments-remuneration-committee)
50. [www.indragroup.com](https://www.indragroup.com/en/news/angel-escribano-appointed-new-executive-chairman-indra-group)
51. [www.redeia.com](https://www.redeia.com/sites/default/files/2025-12/30122025-hr-hispasat-en.pdf)
52. [INDRA SISTEMAS — Press release (2025 Y), p6](https://app.finbar.com/go?id=P36125269)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.