INVAP
INVAP is an Argentine state-owned technology company that designs, integrates, and delivers turn-key nuclear reactors, satellites, radar systems, and medical equipment to government clients and international organizations across more than 12 countries.
- Company typePrivate
- Founded1976
- HeadquartersSan Carlos De Bariloche, Argentina
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What INVAP does
INVAP S.A.U. is an Argentine state-owned technology company founded in 1976 and headquartered in San Carlos de Bariloche, Río Negro, where it is wholly owned by the Province of Río Negro. The company designs, integrates, constructs, and delivers complex turn-key technological systems across four divisions: Nuclear (research and production reactors for radioisotope generation, including OPAL for Australia, ETTR for Egypt, RA-10 for CNEA, and PALLAS for the Netherlands); Space (low-orbit Earth observation satellites and geostationary communications satellites including the ARSAT series and SAOCOM missions in cooperation with CONAE and NASA); Defense, Security & Environment (air traffic control, primary surveillance radars including the RPA-200M, and meteorological radars); and Medical Systems (radiotherapy centers, cyclotron and radiopharmacy facilities for cancer diagnosis and treatment, e.g., Garrahan Hospital). The technology base rests on five decades of accumulated engineering know-how in nuclear reactor design, satellite manufacturing, and radar systems, with ISO 9001:2015 and ISO 14001:2015 certifications.
The company operates a project-based enterprise model, selling primarily to government and intergovernmental clients through direct enterprise sales channels. Revenue is generated through long-cycle, customized turn-key project contracts spanning consultation, design, manufacturing, integration, and delivery, with pricing not publicly disclosed per project. Customers include national atomic energy commissions (ANSTO, CNEA, CNEN, EAEA, NRG PALLAS), space agencies (CONAE, NASA), and defense ministries (Argentina's Ministry of Defense and Security), with 1,000+ projects completed across more than 12 countries over 30+ years of international operations. INVAP finances operations through these project contracts and through repeated issuance of negotiable bonds (obligaciones negociables) in Argentine capital markets, with a long-term credit rating of A(arg) from FIX SCR (Fitch-affiliated) as of October 2025.
The company employs approximately 1,800 people, 80% of whom are highly trained professionals and specialists, supported by wholly-owned subsidiaries including Frontec (aerospace engineering), ICHOS by INVAP (satellite design), INVAP Ingeniería Neuquén (engineering and construction), and Eólica Rionegrina (wind energy). International branch offices operate in Australia, the United States, Brazil, the Netherlands, Bolivia, Algeria, and India. The seven-member Board of Directors includes four appointees of the Province of Río Negro, two from CNEA, and one elected by company staff, reflecting a governance balance between provincial government control and national scientific agency representation.
INVAP firmographics
Firmographics- Name
- INVAP
- Legal name
- INVAP S.A.U.
- Website
- http://www.invap.com.ar/en/
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- INVAP is an Argentine state-owned technology company that designs, integrates, and delivers turn-key nuclear reactors, satellites, radar systems, and medical equipment to government clients and international organizations across more than 12 countries.
- Ownership category
- akta.pro rank
INVAP industry classification
Industry- Product category
- Aerospace and Nuclear Engineering
- NAICS
- Nuclear Electric Power Generation (221113), Guided Missile and Space Vehicle Manufacturing (336414), Irradiation Apparatus Manufacturing (334517), Computer Systems Design Services (541512)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)
- akta.pro primary industry
- Nuclear Plant EPC & Construction (EUAEAAAC)
- akta.pro secondary industries
- Instrumentation & Control (I&C) Integration & Commissioning Support (EUAKAAAH), Balance-of-Plant (BOP) EPC (Turbine Island, Conventional Systems, Buildings) (EUAKAAAF), Project & Program Management (PMO), Controls & Reporting (EUAKAAAC), Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG)
Keywords
Where INVAP is headquartered
LocationHeadquarters
- HQ city
- San Carlos De Bariloche
- HQ country
- Argentina
- HQ region
- Latin America
Offices6 records
Markets served
INVAP business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Complex Project Contracts: INVAP generates revenue through the design, development, and turn-key delivery of complex technological systems to government clients and international organizations. Projects span nuclear reactors, satellites, radar systems, and medical facilities.
- Government Contracts: As a company owned by the Province of Rio Negro, INVAP works as executor of technological projects for Argentine national organizations including CNEA, CONAE, and Ministry of Defense.
- Negotiable Bonds (ON): INVAP issues negotiable bonds through public offering, with multiple classes (Clase IV, V, VI) and regular coupon payments, indicating access to capital markets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
INVAP product offering
Product offeringCore offering
INVAP designs, integrates, constructs, and delivers turn-key complex technological systems across four domains: nuclear reactors (research and production), satellite systems (Earth observation and geostationary communications), radar systems (air traffic control, defense, meteorological), and medical systems (radiotherapy, cyclotron, radiopharmacy). The company manages the full project lifecycle from initial conception and design through to final delivery to government clients, atomic energy commissions, space agencies, defense ministries, and healthcare institutions worldwide.
Differentiator
Problem solved
Functional benefit
Brands
- Frontec: Aerospace engineering subsidiary of INVAP.
- ICHOS by INVAP
- INVAP Ingeniería (Neuquén)
- Eólica Rionegrina
Products and services
- Nuclear Reactors
Quantifiable outcome
- Over 1,000 projects completed nationally and internationally
- +3 more outcomes
Companies that use INVAP
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
INVAP technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
INVAP partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- NRG PALLAScoreINVAP serves as design partner for the PALLAS-reactor project in the Netherlands, working alongside construction partner FCC. The new reactor will replace the High Flux Reactor and secure medical isotope supply for over 30,000 patients daily. INVAP's ICHOS subsidiary serves as design partner.
- ARSATcoreARSAT and INVAP agreed on a new model for managing space testing facilities, strengthening the relationship for satellite development and testing operations.
- UgandaminorINVAP began geotechnical studies in Uganda, expanding international presence into African market for potential nuclear technology projects.
- ENAER and DTScoreINVAP signed Memorandum of Understanding with ENAER (Chilean aerospace company) and DTS for the development of space and radar technology, expanding cooperation in Latin American aerospace and defense sectors.
- NASA (National Aeronautics & Space Administration)coreInternational cooperation on space satellite projects and aerospace technology development. INVAP has collaborated with NASA on various space missions including the SAC-D/Aquarius mission.
- IAEA (International Atomic Energy Agency)coreInternational Atomic Energy Agency cooperation for nuclear technology development, standards, and peaceful nuclear applications. INVAP participates in IAEA conferences and initiatives.
- ANSTO (Australian Nuclear Science and Technology Organization)coreINVAP designed and delivered the OPAL research reactor (RRRP) for ANSTO in Australia. Ongoing relationship for nuclear technology cooperation.
- EAEA (Egyptian Atomic Energy Authority)coreINVAP delivered the ETTR (Egyptian Training and Test Reactor) project for Egypt's atomic energy authority.
- CNEN (Brazilian National Nuclear Energy Commission)coreINVAP secured new contract for the RMB (Radioactive Materials Brazil) project, strengthening presence in Brazil's nuclear development sector.
- CNEA (Argentina's National Atomic Energy Commission)coreAs a company owned by Rio Negro Province, INVAP works closely with CNEA as executor of complex technological projects. CNEA appoints two members to INVAP's Board of Directors.
- CONAE (Argentina's National Commission of Space Activities)coreINVAP collaborates with CONAE on space satellite projects including the SAOCOM mission and ARSAT geostationary satellites.
- Pallas Foundation (Netherlands)coreCooperation on nuclear technology and medical isotope production through the PALLAS-reactor project in the Netherlands.
Scale indicators6 records
Recent moves8 records
Expansion highlights7 records
INVAP competitors and assessment
Company assessmentDirect peers
- Indra: Spanish IT and defense systems integrator with a meaningful radar and air-traffic-management business. Closely parallels INVAP's defense radar and ATC vertical and competes for Latin American defense tenders.
- Framatome: French-headquartered designer and supplier of nuclear reactors, fuel, services, and equipment. Closely comparable to INVAP's nuclear EPC and research-reactor delivery model, including I&C and BOP scope.
- Thales Alenia Space: European-Joint venture building satellites and space infrastructure, including communications and Earth-observation platforms. Directly comparable to INVAP's satellite vertical (SAC-C, SAOCOM, ARSAT).
- IBA (Ion Beam Applications): Belgian designer of proton therapy systems, radiopharmacy, and dosimetry. Comparable to INVAP's Medical Systems vertical (radiotherapy centers, cyclotron, radiopharmacy) for cancer diagnosis/treatment.
- KHNP (Korea Hydro & Nuclear Power): State-owned Korean nuclear operator and EPC contractor exporting APR-series reactors globally. Closely parallels INVAP's state-owned EPC model and emerging-market reactor export approach (e.g., UAE, Egypt).
- HENSOLDT: German defense sensor and radar specialist offering air-traffic, surveillance, and electronic-warfare radars. Highly comparable to INVAP's RPA-200M and Defense/Security & Environment portfolio.
Emerging players
- Rolls-Royce SMR: UK small modular reactor venture. Emerging peer in advanced reactor delivery — adjacent to INVAP's research-reactor capability and a potential long-term competitor or partner in next-gen reactor markets.
Broad incumbents
- Westinghouse Electric Company: US-based nuclear reactor designer and EPC major with AP1000 and small modular reactor programs. Operates at much larger scale than INVAP and competes for the same utility and government reactor tenders.
- Airbus Defence and Space: Large European satellite prime and defense systems integrator. Comparable to INVAP in satellite manufacturing but at much greater scale and with global commercial reach.
- Rosatom: Russian state nuclear corporation with integrated reactor, fuel, and EPC offerings. Competitor on emerging-market research and power reactor tenders, bundled with sovereign financing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
INVAP social profiles
Digital presenceINVAP financial estimates
Financial estimateRevenue estimate
Valuation estimate
INVAP leadership team
Management profileNumber of profiles
Profiles10 records
INVAP subsidiaries and ownership
Company hierarchySubsidiaries5 records
INVAP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INVAP M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about INVAP
What does INVAP do?
INVAP designs, integrates, constructs, and delivers turn-key complex technological systems across four domains: nuclear reactors (research and production), satellite systems (Earth observation and geostationary communications), radar systems (air traffic control, defense, meteorological), and medical systems (radiotherapy, cyclotron, radiopharmacy). The company manages the full project lifecycle from initial conception and design through to final delivery to government clients, atomic energy commissions, space agencies, defense ministries, and healthcare institutions worldwide.
Is INVAP a public or private company?
INVAP is a private company. It is classified as state government owned and is currently operating.
When was INVAP founded?
INVAP was founded in 1976. It employs 1,001 to 5,000 people.
Where is INVAP based?
INVAP is headquartered in San Carlos De Bariloche, Argentina, in the Latin America region.
How does INVAP make money?
Three revenue lines are on record. Complex Project Contracts are the primary driver. The others are government Contracts and negotiable Bonds (ON).
Who are INVAP's main competitors?
Direct peers on record are Indra, Framatome, Thales Alenia Space, IBA (Ion Beam Applications), KHNP (Korea Hydro & Nuclear Power) and HENSOLDT. Rolls-Royce SMR is listed as an emerging player. Broad incumbents are Westinghouse Electric Company, Airbus Defence and Space and Rosatom.
Does INVAP have an API?
No public API is recorded for INVAP.
What industry is INVAP in?
INVAP's product category is Aerospace and Nuclear Engineering. Its primary akta.pro industry code is EUAEAAAC, Nuclear Plant EPC & Construction, with a secondary code of EUAKAAAH, Instrumentation & Control (I&C) Integration & Commissioning Support. Its NAICS code is 221113 and its SIC code is 3823.