Business · Companies · 23 hrs ago
Indra to put AI and cybersecurity at the heart of its new strategy
Spanish company Indra plans to make its IndraMind AI and cybersecurity division central to its new strategy, which it will present on November 25.
Chief executive Josep Maria Recasens said the division would play a key role, and the company expects it to support different parts of its business.
The emphasis is not tied to one defence contract, though Indra may seek work in areas where US company Palantir has provided services to Spain’s armed forces.
Indra also wants to grow in space, including through its role in Iris², a European satellite network project.
Defence and space make up 73.5% of Indra’s order book, and the company sees potential for further growth as Europe pursues major contracts and greater strategic independence.
The new plan will set out Indra’s next steps as it seeks a stronger position in European defence and space.
Indra plans to give its artificial intelligence and cybersecurity division, IndraMind, a central role in its new strategic plan.
Chief Executive Josep Maria Recasens said the division would play a key role when the plan is presented on November 25.
IndraMind is intended to support the company’s other business areas, according to sources close to the company.
Indra is also seeking to strengthen its position in Europe in defence and space, which account for 73.5% of its order backlog.
- Who
- Indra, led by Chief Executive Josep Maria Recasens.
- What
- The company plans to put its AI and cybersecurity division, IndraMind, at the centre of its new strategic plan.
- When
- The plan is due to be presented on November 25; the year is not stated.
- Where
- Indra is seeking to become a significant player in Europe in defence and space.
- Why
- IndraMind is intended to support the company’s other business areas and offer differentiated products.
This story does not have two clearly opposing sides.
Indra officially presented IndraMind.
Indra merged its defence and space divisions in a restructuring of its management committee.
Recasens said during a conference with analysts that IndraMind would play a key role in the new plan.
Indra is scheduled to present its new strategic plan.
- IndraMind
- Indra’s artificial intelligence and cybersecurity division
- Strategic plan
- Scheduled for presentation on November 25
- Defence and space
- 73.5% of Indra’s order backlog
- Iris² contract
- A European satellite constellation project involving Hispasat, Eutelsat and SES
1 source
What people are saying
We cannot anticipate much, but it will play a key role
We want to be in the Champions League of defence. The sector has to take that step in ambition
It will permeate the entire structure