Spanish MoD’s approves “Nexter Systems” investing in Spain together with GTD

The Spanish government authorized the French company “Nexter Systems” to make investments to capitalize its subsidiaries in Spain to carry out activities related to defense and offer services and products to the Ministry of Defence. The French company “Nexter Systems” will carry out an investment of 400,000 euros in Spanish society “Ibersystems” dedicated to the development of wheeled armored vehicles, manufacturing and component sourcing, assembly, sale and maintenance of vehicles, among other things. Ibersystems Defense company formed this year between GTD and Nexter, has been presented as a candidate to supply 300 armored vehicles to Spanish Government for a total amount of 1.500 Millions Euros.