Indra Sistemas signed an agreement with South Korea’s Hanwha Aerospace to export K9 self-propelled howitzers. The deal value is estimated to exceed $400 million. This contract marks the first entry of the K9 artillery system into the Western European market. Hanwha will provide core technology while Indra manages local manufacturing in Spain.
Indra reported a 30% revenue increase to €3.18 billion in the first half of 2026. The company’s order backlog reached a record €20.5 billion. Triple-digit growth in the defense division drove these financial results. Indra reaffirmed its full-year revenue guidance of more than €7 billion.