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Indra Ramps Up Defense Push With 2026 Nemus Rollout, Strong Results and New Spain–US Investments

Zero‑interest government financing positions the company to lift its defense backlog above €10 billion in 2026.

Overview

  • Indra reported €291 million in net profit for the first nine months of 2025, up about 58%, on €3.611 billion in revenue and €405 million in EBITDA.
  • Following €6.58 billion in state-backed PEM loans, the company says its defense order book will exceed €10 billion next year and it will hold an investor day in Q2 2026 to present the next strategic phase.
  • Mass production of Nemus radars is slated from 2026, with an automated line in Córdoba and a plan to launch more than 100 units designed to detect drones and projectiles.
  • Investment plans include €100 million over two years for facilities in Gijón, Vigo and Córdoba and about $50 million for a new Kansas plant, with the U.S. site expected to add roughly 200 jobs.
  • Indra is consolidating leadership in Tess Defence and shifting 8x8 Dragón work to Gijón with first operations targeted before year-end, while reiterating a 2025 delivery goal of 57 vehicles, potentially rising to 70, on a program that has faced delays and fines.