Overview

• Indra announced via a CNMV filing that Frank Torres becomes director of Indra Land Vehicles, director of programs, and a member of the management committee.
• Torres arrives from Nissan, where he serves as president in India and previously held senior transformation and Alliance roles in Europe.
• The newly formed Indra Land Vehicles unit is dedicated to the design, production and integration of wheeled and tracked military platforms.
• Indra plans to anchor production at the recently acquired El Tallerón plant in Gijón, equipping the 75,000 m² site with advanced automation and adding more than 150 professionals.
• CEO José Vicente de los Mozos linked the move to reinforcing Spanish technological sovereignty and preparing the company to play a larger role in European defense programs.