Budape The Hungarian government and the German armory Rheinmetall AG have agreed to establish a joint venture for the production of Lynx infantry fighting vehicles in Hungary. This was stated on Monday by the Reuters agency with reference to the local communication.
Hungary is upgrading its armaments to meet NATO ties. The agreement is worth more than two billion euros (about 52 billion K), which is the largest program for the modernization of Hungary’s defense. From partnerships with a pre-European company, it promises to revive the Hungarian defense industry.
Hungary has long committed itself to increasing military spending, which, as in many other NATO countries, is far below two percent of gross domestic product. Large equipped armed forces coming from communism.
Hungary last week signed a declaration of change to buy air defense missiles from US weapons manufacturer Raytheon Technologies for about a billion dollars (about 22 billion K). The contract must be concluded by the end of.
More is going to invest in the modernization of the army. The Ministry of Defense wants to buy infantry fighting dogs for 50 billion crowns. BAE Systems (CV90 vehicle), General Dynamics European Land Systems (Ascod vehicle) and Rheinmetall Landsysteme (Lynx vehicle) are applying for this contract.
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