EIB signs EUR 385 million loan with Indra Group for defence and space R&D

Mechanism

EIB financing (loan) signed 15 July 2025 at EIB headquarters in Luxembourg, with EIB President Nadia Calviño, EIB Vice-President Robert de Groot and Indra Chairman Ángel Escribano present. The EUR 385 million tranche is earmarked against Indra's planned 2025-2028 capex/opex programme in Spain, anchored by construction of the Indra Technology Hub — a new integrated R&D and advanced-manufacturing centre in Torrejón de Ardoz — housing laboratories for radar, electronic defence, electro-optics, command-and-control communications and digitalisation work applicable to both civil and military end-uses.

The EIB frames the deal within its broader 2025 security-and-defence financing push: roughly EUR 3.5 billion (3.5% of total 2025 planned Group financing) directed to a pipeline of ~80 security/defence projects, continuing the post-2022 shift toward EU-institutional balance-sheet support for the European defence-industrial base (cf. the Thales aeronautics/radar RDI loan and the Santander defence-supply-chain guarantees already in this register).

Downstream implications

• Reinforces Spain's position as a growing node in the EU defence-electronics/radar supply chain,

alongside France (Thales) and other EIB-backed defence primes.

• Torrejón de Ardoz technology hub adds domestic EU manufacturing/R&D capacity for radar and

electronic-defence systems, reducing reliance on non-EU suppliers for these subsystems over the 2025-2028 build-out.

• Consistent with the EIB's stated 3.5%-of-financing security/defence allocation target — expect

further EIB-defence-prime loan/guarantee filings through 2026-2028 as the pipeline of ~80 projects converts to signed agreements.

Open questions

• Exact loan terms (tenor, rate, disbursement schedule) were not disclosed in public sources.
• Whether the Indra Technology Hub build-out attracts co-financing from Spanish national or EU

defence-industrial funds (e.g. EDIP) has not been confirmed.