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The Emergence of Global Companies in the High-Tech Industry of Defense: The Case of Indra in Spain, 1993-2007

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  • Angel Calvo

    (University of Barcelona, Spain)

Abstract

This article analyzes the intricacies of the creation and early evolution of a Spanish high-tech company in the defense sector –Indra- and the involvement of diverse actors in the context of an increasing globalization. The study tests if the State worked as a shield behind which Indra withdrew as a shareholder and buyer or if market criteria were met. The text is structured in four main sections, which respond to the primordial stages of Indra. The first refers to the birth, the second to the restructuring, reorganization and consolidation of the company in the period 1993- 1998 and the third to the subsequent growth, while the last deals with the internationalization, one of the distinguishing aspects of the period of Indra. The research is based on sources of diverse nature and provenance, mainly those of the company, as well as in newspaper archive material and in an extensive specialized bibliography. The study concludes that the keys to Indra's success lie in its commitment to investment, its restructuring and its external expansion, heavily backed by the State.

Suggested Citation

  • Angel Calvo, 2019. "The Emergence of Global Companies in the High-Tech Industry of Defense: The Case of Indra in Spain, 1993-2007," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 7(2), pages 29-47.
    • Handle: RePEc:ejn:ejssjr:v:7:y:2019:i:2:p:29-47
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    Cited by:

    1. Antonio García-Sánchez & Ruth Rama, 2022. "Cooperative innovation and crises: Foreign subsidiaries, state-owned enterprises, and domestic private firms [Directorship Interlocks in Comparative Perspective: The Case of Spain]," Science and Public Policy, Oxford University Press, vol. 49(6), pages 915-927.

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