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Indra Group says its space division is on track for €400M ($455M) in 2024 revenue despite 6% first-half softness

Indra Group says its space business—now encompassing satellite fleet operator Hispasat and military satcom provider Hisdesat since January—remains on track to reach €400 million ($455 million) in revenue this year. In the three months ended, revenue declined 6% but the division’s outlook is unchanged.

Discovered 2026-07-27T13:06:40.601887-07:00 | 2026-07-27T13:06:40.601887-07:00

Briefing

What Hype is tracking

  • Indra’s space segment outlook for €400M ($455M) in 2024 provides a near-term read-through on demand and revenue durability across both commercial satellite operations (Hispasat) and defense satcom services (Hisdesat).
  • The reported 6% revenue decline over the three months ended, paired with an unchanged full-year target, signals resilience that may affect how primes and satcom buyers time capacity, procurement, and service renewals.
  • The January portfolio change (integrating Hispasat and Hisdesat into the space division) matters for how investors and customers compare segment performance and contracting trends quarter to quarter.

Reported By

Space Intel Report
Sources Tracked
1
First Seen
2026-07-27T13:06:40.601887-07:00
Latest Update
2026-07-27T13:06:40.601887-07:00
Coverage
Space

Sources

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