Hungary will set up a joint venture with German Rheinmetall to produce Lynx infantry fighting vehicles for €2 billion under an agreement inked on August 17.
The move was announced by Hungary’s Secretariat of the Ministry for Innovation and Technology and the Commissioner for Defence Development. A production facility will be established in Hungary to manufacture Lynx IFVs.
Hungary is the first NATO and EU member state to choose the Düsseldorf-based Group’s innovative new IFV.
In the words of the joint statement read by László Palkovics, Minister of Innovation and Technology, and Gáspár Maróth, Commissioner for Defence Development: “As part of its commitment to NATO, Hungary is replacing its heavy ground forces equipment. Following the tanks and artillery, it is now the turn of the infantry combat vehicles, which form the backbone of the capabilities set. As the most advanced system of its kind, the Lynx has demonstrated its suitability for a central role in the Army’s capabilities spectrum for decades to come. In keeping with earlier promises by the Hungarian government to enhance the nation’s armed forces, this cooperative endeavour extends far beyond the modernization of military technology. Partnering with a major European corporation will result in the modernization of our defence industry and thus to the expansion of our industrial portfolio.”