Deepening strategic cooperation Rheinmetall and the Spanish Indra Group Sign Agreement

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The Düsseldorf (Germany)-based Rheinmetall AG and the Spanish technology company Indra Group have signed an agreement (Memorandum of Understanding) to further deepen their strategic cooperation, particularly in the production of military vehicle systems for the European and Latin American armed forces.

As a next step, a joint venture is to be established later this year in order to participate in a tender issued by the Spanish Army for the procurement of up to 3,000 military trucks.

With this agreement, both companies intend to expand their existing partnership and jointly address future projects in the field of modern defence and security technologies.

This includes the modernisation of tracked armoured vehicles, activities in the field of tactical support vehicles, as well as joint participation in a solution for infantry fighting vehicles and the establishment of consortia for projects involving logistics trucks.

The aim is to develop innovative solutions for armed forces while sustainably strengthening the European industrial base in the defence sector.

The MoU creates a framework for more intensive cooperation along the entire value chain, from integration through to production and service. Both companies contribute their complementary capabilities in the areas of system integration, sensor technology, digitalisation, as well as platform and effector systems.

With this step, Rheinmetall and Indra are strengthening their position in the European defence market and are focusing on a long-term intensification of joint projects.

Armin Papperger, Chief Executive Officer of Rheinmetall AG: “It is a perfect match: Indra is the market leader in Spain and Rheinmetall is the market leader in Germany. We aim to cooperate in vehicles, satellites, electronics and the naval sector. The starting point of this cooperation is the two tenders issued by the Spanish state for up to 3,000 military trucks and several hundred tactical deployment vehicles. We are talking about several billion euros.”

Armin Papperger: “With this Memorandum of Understanding, Rheinmetall and Indra are sending a clear signal for deeper European cooperation in the defence sector between Germany and Spain. Together, we are combining our technological expertise to develop high-performance and future-oriented solutions for our customers.”

Ángel Escribano, Executive President of the Indra Group: “The long-standing relationship of trust we have built with Rheinmetall enables us to explore new areas of cooperation in order to deliver ever more advanced systems in ever shorter timeframes, while at the same time securing the future global leadership of the European industry.”

José Vicente de los Mozos, Chief Executive Officer of the Indra Group: “Indra once again demonstrates its ability to build partnerships that enable us to accelerate the delivery of the systems our customers require, reaffirming our commitment to Europe and its allies to strengthen technological sovereignty and strategic autonomy.”

The signing of the MoU underlines the shared objective of both companies to combine their innovative strength in military vehicle systems and to further expand their cooperation in the European defence market. The focus of business activities is on Spain and Germany, as well as on Latin American countries.