Prosegur Enters Defence Business and Eyes Military Contracts
The company estimates that over the next two years, the new business line will contribute 25% of Prosegur Security's revenue, which now would be equivalent to around 700 million.
Prosegur has entered the defense sector with a new area called Prosegur Technology and Defense, which will be part of Prosegur Security. The company aims to become a subcontractor in various military programs in Spain and other countries where it operates. Prosegur expects this new area to generate 25% of Prosegur Security's revenue in the next two years, equivalent to over €700 million by 2028.
The company plans to focus on areas such as artificial intelligence, advanced analytics, and cybersecurity, and is negotiating alliances with top-level companies to grow in this business segment.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
