EM&E expelled from major €1bn military truck contractExecutive summary: The Ministry of Defence excluded EM&E from the main lot of a €1bn military truck contract. Removes a major revenue source and threatens EM&E's positioning in defence contracts. Ministry of Defence, EM&E (Escribano Mechanical & Engineering). EM&E may appeal the decision, pursue other defence contracts, or face market impact.The Ministry of Defence removed EM&E from the primary lot of a €1 billion military truck procurement. The exclusion eliminates a key revenue stream for the Spanish defence contractor and may force it to pursue alternative defence bids. The move underscores tighter government scrutiny of foreign defence suppliers.Connected developmentsSpaceX posts strong market debutUS government clears Warner‑Paramount mergerOpen the full case file on Beyond →
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