In recent years, security has become the new silent motor of European industrial policy. Wars and pressures between allies have modified plans. It is no longer just about manufacturing more, but about deciding where, how and under what control strategic capabilities of the future are built.
Spain, in fact, is in search and capture of a node that amplifies its defense.
The obstacle of the ground and an ambition. Spain wants to accelerate its military modernization and the centerpiece is to concentrate talent, engineering and technological development in a single large complex. Here appears Indra who, apparently, is looking for 77 hectares in the area of Madrid to build a macrohub of up to 300,000 square meters dedicated to radars, electronic defense, communications and industrial digitalization, with a investment of 385 million backed by the European Investment Bank and the promise of thousands of skilled jobs (speaking of more than 3,000 new positions).
The project, initially linked to Torrejón de Ardoz, has been slowed down by administrative slowness and is now considering other locations in the Henares Corridor, an area that the company considers strategic to reinforce a technological hub capable of responding to the new modernization programs of the Armed Forces.
A military Silicon Valley. The ambition, on paper, goes beyond a simple corporate center. The idea is to create a complete ecosystem where laboratories, simulators, advanced manufacturing and auxiliary companies come together, turning the Madrid axis into a kind of Military Silicon Valley Spanish.
The strategic plan Leading the Future aims to consolidate Indra as a driver of the defense and aerospace sector, attracting suppliers, research centers and technological startups that revolve around a strong industrial core. It is not, therefore, just about constructing buildings, but about articulate an innovation network that places Spain in a more autonomous and competitive position on the European board.
Corporate engineering to avoid losing control. In parallel, the Government is moving to ensure that this national defense champion does not escape public control. As? Apparently, Moncloa is studying transferring Indra’s defense assets to a new subsidiary that allows the integration of Escribano Mechanical & Engineering and eventually other companies in the sector, all without diluting state participation through SEPI.
counted the newspaper El Mundo There is a compelling reason behind this movement. The formula aims to avoid the conflict of interest derived from Ángel Escribano’s dual status as president of Indra and co-owner of EM&M, and to avoid a loss of control over an industry considered strategic.
Industrial consolidation under pressure. The merger by absorption initially approved generated tensions due to shareholder balance and the risk of litigation, but undoing the path is not easy either. I remembered the media that Indra and EM&M have signed contracts under the heat of public credits linked to military programs and, in practice, they have operated as if integration were already underway.
Added to this is the pressure of new international investors who see consolidation as a clear opportunity to create value. The result is a pulse between industrial ambition, state control and political times, one that will define whether Spain manages to articulate that “sovereignty mode” with a technological-military pole, or if societal complexity slows down the project that aspires to transform the heart of the country at the epicenter of its new defense industry.
Image | RawPixel, Felipe Gabaldon
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