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Industry News

HAI and INDRA Espacio Form Strategic Alliance

July 6, 2005
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A significant European strategic alliance has been agreed between Hellenic Aerospace Industry S.A. (HAI), the largest defence company in Greece operating in the field of aerospace, electronic and satellite communication systems, and INDRA Espacio SA, the leading defence electronics and information systems company in Spain. This co-operation is the result of the recognition both countries have of each other’s defence industry capabilities and is the latest development in HAI’s focus on the establishment of strategic alliances with leading companies in the aerospace field.

Under the agreement, the work to be assigned by INDRA Espacio to HAI will be worth €50 M over the next five years, with both companies confirming their intention to co-operate on specific areas of mutual interest including electronic system upgrades and the development and design of tactical and strategic communication network surveillance systems, simulation systems, etc.

Recent Articles by Richard Mumford, European Editor

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