French defense purchasing agency DGA will manage the joint procurement of MBDA’s Mistral 3 missile system by France, Belgium, Cyprus, Estonia and Hungary, which signed a cooperation agreement for the deal on Wednesday. The Defence Industry Europe website reported that DGA has already signed a contract with MBDA for the French purchase of the missiles....
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Tag: Hungary
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Sweden to Deliver Four Additional Saab Gripen Aircraft to Hungary
The Hungarian Air Force will expand its existing fleet of 14 Saab Gripen aircraft with the addition of four Gripen C fighters under an amended contract with Sweden’s defense procurement agency, FMV. The initial contract signing in December 2001 enabled the Hungarian government to lease 12 JAS 39C single-seat fighters and two twin-seat JAS 39D...
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Rheinmetall Breaks Ground on $68M Hybrid Production Plant in Hungary; Christoph Mueller Quoted
Rheinmetall is investing $68 million in a new production facility in Szeged, Hungary. According to Christoph Mueller, CEO of Rheinmetall Power Systems, the site will expand the company’s presence in the country, noting that it already has operational plants in Budapest, Zalaegerszeg and Varpalota. “We are delighted to further expand our presence in Hungary, one...
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Rheinmetall Secures $314M Contract From Hungary to Develop Next-Generation Tank
Rheinmetall will work with the government of Hungary to develop the next-generation tank, Panther KF51. The German arms and land systems manufacturer recently signed a development contract valued at $314.5 million in Zalaegerszeg, Hungary. “The Panther KF51 is the world’s most advanced main battle tank. It sets a new standard for the combat effectiveness of...
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Sen. Ben Cardin Lauds Turkey’s Approval of Sweden’s NATO Bid
Sen. Ben Cardin, D-Md., has welcomed Turkey’s decision to ratify Sweden’s bid to join NATO. Cardin, who chairs the Senate Foreign Relations Committee, praised the Turkish Parliament for voting in favor of Sweden’s accession protocol and President Recep Tayyip Erdogan, who signed the legislation on Thursday. “My approval of Turkey’s request to purchase F-16 aircraft...
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Rheinmetall Hungary Munitions Plant to Start IFV Ammo Production in 2024
Rheinmetall Hungary Munitions, a joint venture of the German automotive and arms manufacturer Rheinmetall and the Hungarian holding company N7, will begin manufacturing ammunition in 2024 at its new plant in Varpalota, Hungary, which is now in its second phase of construction. According to Rheinmetall, the plant’s completed first phase will produce 30 mm medium-caliber...