The CEO of EDGE, Hamad Al Marar, and José Vicente de los Mozos, CEO of Indra, have signed the Joint Venture agreement in Madrid, which includes the Shareholders' Agreements, in the presence of the Minister of Defense, Margarita Robles; the Secretary of State for Defense, Amparo Valcarce; the Chairman of EDGE Group, HE Faisal Al Bannai; the Executive Chairman of Indra, Marc Murtra; and officials from the Spanish Ministry of Defense, among other personalities.
At the signing ceremony held at the Spanish Ministry of Defense, EDGE Chairman HE Faisal al Bannai stated: “The establishment of PULSE marks a transformative milestone in the advancement of the global defense landscape by offering state-of-the-art radar systems. This joint venture between EDGE and Indra addresses critical capability gaps and demonstrates the power of innovation and technology transfer to enhance operational excellence and global security. It reflects our commitment to forging meaningful partnerships that drive progress and foster stability in key regions.”
Marc Murtra, Chairman of Indra, highlighted: “This agreement, in partnership with EDGE, will provide the next generation of radar systems. It will include an advanced research infrastructure, laboratories, and testing facilities, all located in the United Arab Emirates. This is an important step that will allow Indra to expand its international footprint and further develop our valuable relationship with EDGE.”
The new entity, called PULSE, will focus on the engineering, development, manufacturing, integration, and maintenance of radar systems and their components, both existing and future, as well as their commercialization in high-potential markets, opening up numerous international business opportunities.
The agreement will lead to the creation of two companies. The first, 50.01% owned by Indra and 49.99% by EDGE, will focus on the development, design, integration, sales, and maintenance of next-generation radars. The second, 50.01% owned by EDGE and 49.99% by Indra, will be responsible for manufacturing these radars in a new, state-of-the-art factory in Abu Dhabi.
The objective of the new joint venture is to increase radar production capacity and sales, equip the United Arab Emirates with new radar capabilities through the transfer of knowledge and expertise, and provide training and development for qualified local professionals. The company is expected to initially employ highly specialized professionals from Indra and Emirati staff, including recent graduates, junior professionals, engineers, technicians, and sales professionals.
Strategic enhancements to local research and development capabilities are also planned to pave the way for the development of next-generation radar technology. This will be achieved through the establishment of advanced research infrastructure, upgraded laboratories and testing facilities, the acquisition of cutting-edge technologies, collaboration with leading experts, and the implementation of specialized training programs for research teams.
EDGE CEO Hamad Al Marar stated, “PULSE is the ultimate testament to the power of collaboration, combining the capabilities of EDGE and Indra to design, develop, and manufacture state-of-the-art radar systems and export them to our key customers. By investing in advanced production facilities, we are positioning the UAE as a global radar innovation hub, shaping the future of defense technology across the air, land, and sea domains. PULSE also embodies our strategic vision to expand the UAE’s industrial capacity in advanced technologies and establish sovereign capabilities, driving self-reliance and innovation on a global scale.”
José Vicente de los Mozos, CEO of Indra, explained: “In Abu Dhabi, we plan to build a new, state-of-the-art factory with the most sophisticated technology, ready to meet the anticipated high demand for the most innovative radar systems in the coming years. The new entity we will create with EDGE will help us accelerate the transformation of our defense business towards a more international profile and mindset, as outlined in our Leading the Future Plan.”
The new business, PULSE, will also have preferential rights for current and future orders awarded to Indra and EDGE for radars based on the technology agreed upon in the deal. Furthermore, it will generate new opportunities in high-potential international markets, in line with the objective set out in Indra's Strategic Plan, Leading the Future.
