Park Air | Stephens

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Financial Advisor

Park Air

Value Not Disclosed 10/03/2023 Aerospace & Defense Complete
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Transaction Details

  • On October 3, 2023, Indra announced the completion of its acquisition of UK-based Park Air, a leader in ground-to-air radio systems, from Northrop Grumman.
  • President of Indra, Marc Murtra said “This acquisition provides Indra with engineering and production capabilities for complex electronic systems. These capabilities are very synergetic with our current portfolio and can be used to grow our business with existing customers and develop new lines of business for Aerospace & Defence and Mobility.”
  • Park Air managing director Fiona Thompson said that “being part of Indra opens the doors to some of the world’s most cutting-edge air traffic and defence projects and enhances our ability to continue innovating and delivering exceptional communications systems.”

About the company

Park Air
Park Air is a leader in ground-to-air radio systems and designs, manufactures, delivers and supports ATM radios throughout the world with two core product lines serving the civil and military sectors. Key customers include Air Navigation Service Providers (ANSPs), Airports, Systems Integrators and Government Military Organisations. Ground-to-air radios enable communication with aircraft during take-off, flight and landing.

Indra is one of the leading global technology and consulting companies and the technological partner for core business operations of its customers worldwide. It’s a world leader in providing proprietary solutions in specific segments of the transport and defence markets, and a leading firm in digital transformation and information technology in Spain and Latin America through its affiliate Minsait.

Source: Indra press releases.
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