The Madrid Region Leads Spain’s Aeronautical and Aerospace Sectors, Accounting for 53.7% of National Business Activity

The Madrid Region leads Spain’s aeronautical and aerospace sectors, concentrating 53.7% of the country’s total business volume. The Regional Minister for Economy, Finance, and Employment, Rocío Albert, visited the headquarters of Thales Alenia Space in Turin, Italy, with the aim of reinforcing the regional government’s commitment to these high value-added sectors and to attracting investment from the transalpine country, which already represents 50% of the national total.

These sectors employ nearly 14,000 people in the region, accounting for 33.7% of the total in Spain. Specifically, Thales operates from its headquarters in Tres Cantos, where 450 professionals work in facilities specialized in the design and manufacture of subsystems and payloads for satellites—the most significant of their kind in Europe.

During the meeting, among other matters, the opportunities opening up for the region were discussed in light of the upcoming merger of the space activities of Thales, Airbus, and Leonardo into a joint venture that will employ 25,000 people and generate annual revenues of €6.5 billion.

The Regional Minister highlighted that the regional government not only recognizes the sector’s potential but also provides a favorable environment for growth and innovation. Investment in infrastructure—such as Adolfo Suárez Madrid–Barajas Airport, the Tres Cantos technology park, and Airbus’s commitment to Getafe—are among the factors that make the Madrid Region a global aerospace hub.

 

Contact with Invest In Madrid
I have read and accept the Terms and conditions