Indra Sistemas, S.A. is a global technology and consulting firm based in Spain, operating through two primary business segments: IT services (via its Minsait division) and Transport & Defence. Minsait is the company's largest revenue contributor, generating approximately 61.6% of total sales in 2024 (€2.98 billion out of €4.84 billion). It provides digital transformation, systems integration, cybersecurity, data analytics, and IT consulting services across various sectors, including public administration, financial services, energy, and telecommunications. The Transport & Defence segment encompasses the company's aerospace, defense, air traffic management (ATM), and mobility operations. Indra is a prominent European defense contractor, participating in major international programs such as the Future Combat Air System (FCAS) and the Eurofighter, and supplying radar, electronic warfare, and command and control systems. In the ATM space, Indra is a global leader, providing air traffic control systems that manage a significant portion of the world's airspace. The mobility division focuses on intelligent transport systems, ticketing solutions, and infrastructure management. Geographically, while Spain remains its largest single market, Indra generates a substantial portion of its revenue internationally, with a strong presence in Europe, the Americas, and the Middle East. The company's competitive position is underpinned by its deep expertise in mission-critical systems, long-term government and corporate relationships, and its strategic role in European defense and technological sovereignty initiatives.