Indra and Santa Bárbara cool their negotiations to collaborate and fight to lead the Spanish military industry
The quoted company is doubling its capacities with new factories, while the subsidiary of GD is investing 21 million in anticipation of new contracts like the VAC, worth almost 2,000 million. There is no progress in the conversations a month before the elections.
Indra and Santa Bárbara had a public dispute during Ángel Escribano's presidency of the latter, which lasted almost 15 months. The conflict escalated when General Dynamics' Spanish subsidiary filed appeals with the Supreme Court and the National Court against public aid and contract awards to Indra and Escribano's family company for the new army artillery.
These appeals have not been withdrawn. After Escribano left, the companies reopened communication channels and considered collaboration, including a potential joint venture, but negotiations have stalled with no progress and both companies investing in their own industrial capabilities.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
