Spain’s Defense Industry Set to Double Revenue by 2030 as Indra Leads Growth

Indra, a Spanish company that operates in Portugal, is now leading the way in helping Spain's defense industry recover from years of little growth.

As countries in Europe speed up their military preparations, Spain's defense industry is starting a period of increased growth. The industry is expected to double its revenue by 2030 because of more money being spent on the military, new modernization projects, and growing tensions between countries.

For companies like Indra, the ongoing arms race and growing defense demands offer a big chance — not just to increase production, but also to grow in areas like cybersecurity, radar systems, command-and-control, and digital defense technologies.

After a slow decade, the sector is now changing direction — and companies that already have international operations, including in Portugal, are in a good position to take advantage of the increase.