EDGE has signed an agreement with Indra Sistemas (Indra), a Spanish information technology and defense systems company, to establish a new joint venture ‘PULSE’, headquartered in Abu Dhabi.
PULSE seeks to develop local capabilities for designing and manufacturing cutting-edge radar systems, supported by a robust order pipeline from existing and potential customers in high-potential markets worldwide.
Hamad Al Marar, EDGE’s Managing Director and CEO, and Indra’s CEO José Vicente de los Mozos, signed the Joint Venture Agreement in Madrid. It includes the Shareholders’ Agreements, signed in the presence of Spain’s Minister of Defense Margarita Robles Fernández.
The Spanish Secretary of State for Defense Amparo Valcarce; EDGE Group’s Chairman Faisal Al Bannai; Indra’s Chairman Marc Murtra, and officials from the Spanish Ministry of Defense, also attended the signing ceremony.
The new joint venture ‘PULS’E will focus on engineering, developing, manufacturing, integrating, and maintaining existing and future radar systems and their components, as well as expanding them in high-potential markets.
H.E. Faisal Al Bannai, Chairman of EDGE, stated that “This joint venture between EDGE and Indra addresses critical capability gaps, showcasing the power of innovation and technology transfer to enhance operational excellence and global security. It reflects our dedication to building meaningful partnerships that drive progress and foster stability across key regions.”
Marc Murtra Chairman – Indra
“This agreement, in partnership with EDGE, will provide next-generation radar systems. It will include advanced research infrastructure, laboratories, and testing facilities, all based in the UAE. This is an important step that will enable Indra to expand its global footprint and develop our valued relationship with EDGE.”
The agreement will enable the development of two companies. The first one will be 50.01 percent owned by Indra and 49.99 percent by EDGE. The second one will be 50.01 percent owned by EDGE and 49.99 percent by Indra.
PULSE aims to expand radar production capacity and sales, and enhance the UAE’s radar capabilities through the exchange of knowledge and local talent development. Initially, the company will employ highly specialized and experienced Indra professionals and Emirati employees who are both recent graduates and young professionals, as well as engineers, technical experts and commercial profiles.
In addition, it is planned to strategically improve local R&D capabilities to drive next-gen radar tech through advanced infrastructures, labs, and training programs.
Al Marar also added that, “By investing in advanced production facilities, we are positioning the UAE as a global hub for radar innovation, shaping the future of defense technology across air, land, and maritime domains. It 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.”
Indra CEO noted that, “In Abu Dhabi, we plan to create a new state-of-the-art factory with the most sophisticated technology, prepared to respond to the high anticipated demand for the most innovative radar systems in the coming years. The new entity we are going to create with EDGE will help us accelerate the transformation of the defense business towards a more international profile and mindset, as outlined in our Leading the Future strategic plan.”
Furthermore, PULSE will enjoy preferential rights over any current and future orders awarded to Indra or EDGE of radars based on the technology specified in the agreement. This will also unlock new opportunities in high-potential international markets, in line with Indra’s Leading the Future Strategic Plan.
