Indra’s €385m Eu Loan For Space And Defence Tech Hub

Spain’s Indra Group has signed a €385 cardinal indebtedness statement pinch nan European Investment Bank (EIB) to boost its investments successful abstraction and defence technologies, marking nan largest EIB defence-related financing woody successful Spain to date.

The agreement, announced July 15, will money projects successful radar, physics warfare, electro-optics, bid and power systems, and integer innovation. It besides supports nan improvement of a caller exertion hub adjacent Madrid, pinch labs and precocious manufacturing tailored to nan defence and abstraction sectors.

“This statement is astir turning caller ideas into existent capabilities crossed Europe’s defence and abstraction ecosystem,” said EIB Vice-President Robert de Groot (Satellite Today).

He added that abstraction plays a “critical role” successful European security, and that Indra’s caller hub will thief Europe enactment “with greater autonomy successful a fast-changing world.”

The woody aligns pinch broader EU efforts to ramp up defence investment. France and nan UK are backing Eutelsat, while others grow Earth study (EO) satellites and abstraction infrastructure.

The indebtedness is weighted astatine €385 million, aliases astir $447 million.

Can this increasing attraction connected EU defence tech thief Europe summation strategical independency from nan US and China?

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