Urgent.News

What's breaking now, across thousands of outlets.

Business

Indra y Santa Bárbara enfrían sus negociaciones para colaborar y pugnan por liderar la industria militar española

La cotizada duplica capacidades con nuevas fábricas, mientras que la filial de GD invierte 21 millones a la espera de nuevos contratos como el VAC, de casi 2.000 millones. No hay avances en las conversaciones a un mes de las elecciones

Original Spanish Read in English

Indra y Santa Bárbara enfrían sus negociaciones para colaborar y pugnan por liderar la industria militar española

The relationship between Indra and Santa Bárbara turned into an open warfare during the presidency of Ángel Escribano at the helm of the listed company, a period of nearly 15 months in which both fought to hold the leadership of the national land-based military industry. The peak came when the Spanish subsidiary of General Dynamics (GD) filed complaints to both the Supreme Court and the National Audience, later, against the public subsidies and the awarding of contracts for the new artillery to Indra and Escribano's family company for the Army.

These appeals have not been withdrawn yet. After Escribano left the presidency of the joint venture, the two companies reopened channels of communication and the idea was to collaborate, even with the creation of a joint venture with which they would pool forces, as this newspaper reported in June. However, as time passed, the negotiations have cooled without new developments and both companies investing in their own industrial capacities.

Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

More in Business

More from Wednesday 4 November →