Inmize is born in Spain. (Digest).

A new Spanish company dedicated to missile technology has recently been established after several months of intense negotiations within the framework of the European Defence Industry. Through an agreement with the major shareholders, Indra holding 40 percent, MBDA with 40 per cent share, Izar with a 10 per cent stake, and Eads/Casa the other 10 percent, Inmize has taken shape as Spain's centre of excellence in missile systems. The operative seat of Inmize will be within Indra. The company's first contract participation will be associated with the design and development of the Meteor air superiority missile, destined for the Eurofighter, Rafale and Gripen. The Meteor programme is financed by Spain, France, Germany, Britain, Italy and Sweden, and it is planned that these nations will acquire more than 2500 Meteor missiles, bringing the total contract amounts in excess of four billion Euros.