Annual rank41
Spain · Technology
Indra Sistemas
Develops defence technologies, optimises airspace management, provides space capabilities, digitalises roads, railways, ports and airports, and transforms organisations through platforms, analytics and AI.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
Mission systems from future combat aircraft to satellite control
Indra Sistemas is the listed company behind Indra Group. The group's current site separates Indra Defence, Indra Air Traffic, Indra Space, Indra Mobility, IndraMind and Minsait. This profile concentrates on mission-critical systems: radar and electronic warfare for armed forces, automation for air-traffic controllers, and satellite ground infrastructure. Minsait is the group's digital-transformation and IT-consulting business; IndraMind is its sovereign-AI and cyber-resilient intelligence initiative, rather than a synonym for the whole company.
Defence programmes
FCAS links sensors, combat cloud and national coordination
Indra is Spain's national coordinator for NGWS/FCAS and leads the international Sensors pillar, working with FCMS and Thales on a networked sensor suite for future fighters and remote carriers. Its current air-dominance portfolio also names Eurofighter radar, A400M avionics, CH-47F systems and F-18 IFF modernisation. On ECRS Mk1, Indra and HENSOLDT completed the first Eurofighter radars with new Processor and Antenna Power Supply & Control subsystems.
- Follow Indra's FCAS responsibilities National coordination, the international Sensors pillar and Spain's Combat Cloud role
- Map the air-dominance portfolio Eurofighter, A400M, CH-47F, F-18 and the systems around them
- Inspect the Eurofighter radar update Processor and Antenna Power Supply & Control hardware developed with HENSOLDT
- ▶ VideoWatch Indra Defence systems Official language-neutral footage from the Defence homepage
Air-traffic deployment
Jakarta shows how controller automation and digital voice fit together
Indonesia's air navigation provider selected ManagAir to replace the Jakarta control-centre system, covering flights across more than half of the country's skies. GAREX IP voice communications connect controllers, pilots and other participants; three approach systems in Balikpapan, Medan and Pontianak are also being renewed. The deployment turns a broad air-traffic portfolio into a concrete operating chain from trajectory planning to controller-pilot communication.
- Read the Jakarta deployment ManagAir, GAREX and four Indonesian control-centre projects
- See what ManagAir automates 4D trajectories, flow management and control-centre operations
- Understand GAREX communications IP voice for area centres, approach centres, towers and backups
- ▶ VideoWatch air-traffic technology in operation Official language-neutral footage from the Air Traffic homepage
Space infrastructure
Galileo depends on a worldwide ground network
Indra Space says it has designed, deployed and maintains Galileo mission and control infrastructure: 15 sensor stations, 20 uplink stations and seven telemetry, tracking and control stations. Its ground-segment page says systems support more than 30 Earth-observation missions and identifies gs4EO as a multi-mission control suite. At Puertollano in Spain, four antennas include a 10.2-metre S/X-band antenna with visibility over Europe and North Africa.
- Trace Indra's role in Galileo Sensor, uplink and TT&C stations plus secure mission systems
- Visit the ground segment gs4EO mission control and the Puertollano antenna park
- Explore Earth-observation programmes Copernicus, PAZ, MTG and Earth Explorer mission capabilities
- ▶ VideoWatch Indra Space systems Official language-neutral footage from the Space homepage
Group boundaries
Indra, Minsait and IndraMind do different jobs
The listed company presents Indra Group as a holding company whose businesses operate independently. Its group page describes Indra as the brand for Defence, Air Traffic and Mobility, and Minsait as the digital-transformation and IT-consulting company. The current navigation also presents Space and IndraMind separately; IndraMind is the group's cyber-resilient sovereign-AI initiative. The Leading the Future plan sets a focus on defence, aerospace and advanced digital technologies.
- See the current group structure The businesses, main brands and global footprint of Indra Group
- Explore Minsait Digital transformation, IT consulting and industry services
- Understand IndraMind The group's sovereign-AI and cyber-resilient intelligence initiative
- Read Leading the Future The strategic focus on defence, aerospace and advanced digital technologies
Official profile sources: Indra Group | Home · Aeronautical information | Indra Air Traffic
Current 2026 update
What has changed in 2026?
Six months ended 30 June 2026 · 23 July 2026
Six months ended 30 June 2026latest official update
4company-specific highlights
+11%2026 stock return · context only
Revenue
First-half revenue rose 29.7% to EUR 3,178.6 million; acquisitions contributed EUR 377 million, versus EUR 6 million a year earlier.
Profit
First-half profit attributable to owners rose 2.1% to EUR 219.2 million; second-quarter profit fell 7.9% to EUR 143.1 million from EUR 155.4 million.
Backlog
Backlog reached EUR 20.53 billion, up 116.7%; the total included EUR 2.72 billion from the consolidation of Hispasat and Hisdesat.
Free cash flow and outlook
Reported free cash flow was EUR 1.49 billion versus EUR 65 million, driven by programme advances; excluding that working-capital effect and using a constant factoring level, it would have been EUR 15 million. Indra reiterated its 2026 targets.
Official 2026 sources: INDRA GROUP Results for the first half 2026 · 23 July 2026
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 41 | +42% | +154% | +375% |