Indra wins nearly 300 million euro contract to modernize US air traffic control

Spanish firm Indra has secured a nearly 300 million euro contract from the US Federal Aviation Administration to upgrade air traffic control systems. The deal aims to replace obsolete radars and enhance flight safety. It complements a similar project awarded to US company RTX.

Indra, a Spanish company specializing in technology and defense, has been selected by the United States Federal Aviation Administration (FAA) for a contract worth nearly 300 million euros. The announcement was made on Tuesday, alongside Secretary of Transportation Sean Duffy. The project involves renewing hundreds of obsolete radars, essential for aircraft detection and tracking, to strengthen air transport safety and efficiency.

The FAA deems this modernization "crucial" for the surveillance system. The new equipment will enable monitoring of up to 612 more modern radars, with deployment starting this quarter and prioritizing high-traffic areas. Additionally, management will be simplified by unifying the current 14 radar configurations, easing maintenance and cutting logistical costs.

"Our radar network was outdated and needed urgent renewal," stated Bryan Bedford, FAA administrator. "With these new systems, we not only reinforce flight safety but also support US industrial production and ensure a more modern and reliable surveillance infrastructure," he added.

This contract complements the one awarded to RTX's subsidiary Collins Aerospace, worth about 375 million euros, for a similar initiative. Indra, a standout in the Ibex 35, posted the best performance in 2025 with a 184.7% rise. At the start of 2026, its shares gained 10.6%, trading at 53.85 euros per share, despite a 1% drop on Tuesday, amid rising geopolitical tensions.

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Dramatic illustration of Escribano brothers selling their 14.3% Indra stake in a high-value deal amid government tensions.
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Escribano brothers sell their 14.3% stake in Indra and exit the company

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Brothers Ángel and Javier Escribano sold their 14.3% stake in Indra through an accelerated placement, valued at over 1.3 billion euros. The deal, announced on May 5, 2026, ends three years of shareholding after a conflict with the Spanish Government. Javier Escribano resigned as company director.

CAF Asset Management Corp., through its Fondo de Deuda Senior para Infraestructura CAF-AM Ashmore II, granted a $300 billion credit to modernize and expand the Aeropuerto Internacional Rafael Núñez in Cartagena. This funding is part of a total $887 billion package with other banks and funds. The resources will renew over 25,000 square meters over the next five and a half years.

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Munich-based high-tech family firm Rohde & Schwarz announced last week a 4.9 billion dollar contract to upgrade US airports' digital communications. In his first major interview, CEO Christian Leicher highlighted the company's body scanners and Bundeswehr projects. He called for improved communication ahead of future deals.

A report by the Court of Auditors released end of June 2026 criticizes the Direction générale de l’aviation civile for its management of air traffic controllers.

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The Council of Ministers approved on Tuesday the appointment of the president and six board members of the Independent Authority for the Technical Investigation of Transport Accidents. The body will begin operations this month and will take on cases such as the Adamuz rail incident.

Spain's Transport Minister Óscar Puente has unveiled a 1.629 million euro extraordinary plan to improve surfaces on state roads from 2027 to 2031. The initiative adds to the 1.800 million euros allocated annually for conserving the 26.500 km state road network. Puente acknowledged a structural deficit of 5.600 million euros in maintenance.

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