MONTEREY, Calif. – Technology developer Arrow has a motto: five years out. It’s agreement with McLaren in both Formula 1 and the NTT IndyCar Series will run longer than that.
Arrow announced early Sunday morning that it has renewed its partnership at both McLaren F1 and Arrow McLaren SP in IndyCar through the 2028 season.
Arrow is a global technology and innovation business. The long-term multi-year partnership extension which will see Arrow continue to support McLaren in its drive to achieve success with the McLaren Formula 1 and Arrow McLaren SP IndyCar teams. Arrow Electronics will continue as title sponsor of Arrow McLaren SP, while it continues as a partner of the McLaren F1 team.
Since 2019, the partnership between Arrow Electronics and McLaren Racing has enabled the two organizations to put a shared belief in technology and innovation to at the center of a joint commitment to drive progress and bring services and solutions to the team and their respective networks.
“Arrow Electronics is a valued partner of McLaren Racing across both our Formula 1 and IndyCar programs,” McLaren CEO Zak Brown said. “This long-term partnership extension is a great reflection of the strong relationship we have been building and the productivity of our partnership since the beginning in 2019. With our recent majority investment in Arrow McLaren SP and Arrow’s deep involvement in the team since 2015, our partnership is strengthened further as we progress on our common journey and shared ambitions to win together.”
Mike Long is the Chairman, President and CEO of Arrow Electronics, a company that began its relationship with Schmidt Peterson Motorsport in IndyCar in 2015.
“Arrow Electronics is committed to innovation in automotive and transportation technologies,” Long said. “Our engineers work side-by-side with the race team, and we couldn’t be happier with the strength of our teams’ positions in both IndyCar and Formula 1. We look forward to many more wins together on and off the track.”
The relationship helped elevate Schmidt Peterson Motorsports, as it was known at that time, to a higher competitive level. The partnership with McLaren has helped make the team one of the power teams in the NTT IndyCar Series.
Pato O’Ward of Arrow McLaren SP is second in the championship race, 25 points behind leader Alex Palou of Chip Ganassi Racing, entering Sunday’s Firestone Grand Prix of Monterey.
“The entire team is looking forward to our continued journey with Arrow Electronics,” Schmidt said. “I am excited that they will continue as a key part of this team as we take the next steps toward regularly competing for wins and championships. They have not only been a part of Arrow McLaren SP since 2015 but also a big part of my own life, as they have been instrumental in our efforts to better the lives of people with paralysis. Arrow has been a great partner in developing the semi-autonomous SAM Car program and other exciting projects. We wouldn’t be where we are without their support.”
Sunday’s news follows the announcement in August that McLaren Racing was acquiring a majority stake in Arrow McLaren SP. Arrow Electronics branding will continue to be represented on the McLaren F1 race cars and drivers, Lando Norris and Daniel Ricciardo, and the Arrow McLaren SP race cars and drivers, Pato O’Ward and Felix Rosenqvist.
Arrow McLaren SP represents three determined entities – Arrow Electronics, McLaren Racing and Schmidt Peterson Motorsports – who joined forces at the end of 2019 in a strategic partnership with a clear aim: to compete for the NTT IndyCar Series championship and the Indianapolis 500.