Indra shareholder sees off BES worries to smoothly sell stake

Andrew Griffin

July 15, 2014 03:00 PM

Tornado RECCE — RECCE Tornado - Thirty-seven Tornados of the German air force, fitted with an external reconnaissance pod, are being used as RECCE (tactical reconnaissance) Tornados. They are capable of day and night operations under all weather conditions. The recce-pod has been designed for compatibility with all modern bombers. It incorporates two Zeiss KS153A optical cameras, a Honeywell infrared line scanner, the Honeywell Recce Management System, and an Ampex digital data recorder. Because of the modular design of the pod, modernization is possible at any time. | EADS Defence&Security

A shareholder in Indra Sistemes sold a €77m stake in the Spanish IT and defence firm on Monday night, a deal which bankers said showed that peripheral markets had largely seen off fears of contagion after worries about Banco Espirito Santo.

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Andrew Griffin