Hungary to build HUF 60 bln plant to make Lynx armored fighting vehicles



A HUF 60 billion plant will be built in Zalaegerszeg to manufacture the Lynx infantry fighting vehicles in cooperation with Germanyʼs Rheinmetall, Minister of Innovation and Technology László Palkovics and Minister of Defence Tibor Benkő said on Thursday, according to a report by state news wire MTI.

Lynx infantry fighting vehicle (Photo by M-SUR /

A test track for the Lynx tanks and for offroad vehicles will also be established on an area of 20 hectares at the Zalazone test track, in cooperation with Rheinmetall, the minister said.

Production at the plant is scheduled to start in 2023. Including suppliers, the plant will employ 500 people. 

Under a more than EUR 2 bln modernization program, Hungary will receive 218 Lynx KF41 combat vehicles. Most of the vehicles - 172 - will be made in Hungary at the plant of the JV to be established under an agreement signed recently between Rheinmetall and the state of Hungary. 


Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.