In a surprising twist, the Valencian technology company Nunsys has been awarded a contract worth nearly 60 million euros by the Ministry of Defense to renew the communications infrastructure of the Armed Forces. This contract surpasses the bids of industry giants Telefónica and Indra.

The communications system being renewed is crucial for daily operations, including Presence, Surveillance, and Deterrence activities within Spanish borders. While appeals may still be filed, Nunsys has emerged as the unexpected winner.

The Ministry’s strategic plan to modernize the networks began in 2018, known as PECIS, and has since gained momentum with significant investments aimed at enhancing the army’s technological capabilities, including in 5G.

Telefónica, with its expertise in critical communications, has been a major beneficiary of these defense plans, further solidifying its strategic importance. Meanwhile, Indra has been focused on acquiring companies to bolster its communication capabilities within the Defense sector.

However, in this particular contract, Nunsys outperformed both Telefónica and Indra in terms of technical expertise and price, enabling it to secure the deal. Other competitors, such as Acuntia and Evolutio, were also left behind.

The modernized networks will primarily serve operations related to land sovereignty, maritime surveillance, air defense, and cybersecurity. The contract is set to last until 2027, with a possibility of a two-year extension.

Nunsys has previously received orders from the Ministry of Defense as well as participation in tenders for the Army and NATO. The company, founded in 2007 as Bplan Soluciones, has seen rapid growth in recent years through aggressive acquisitions, including Sothis and Inycom.

A potential IPO is on Nunsys’ roadmap for the medium term, initially planned for 2022, but currently uncertain due to market conditions, high interest rates, and geopolitical instability after the Ukraine war.