ADVERTISEMENT

Hungary to acquire ammunition from Rheinmetall

Deals

Image by Mizantroop / Shutterstock.com

The Hungarian Defense Forces will buy a broad range of ammunition from Germany's Rheinmetall group, the government commissioner for defense developments said on Tuesday, according to a report by state news wire MTI.

Rheinmetall's majority-owned ammunition factory in Várpalota (about 75 km southwest of Budapest) will play a "key role" in filling the contract which runs from 2023 until 2031, Gáspár Maróth said.

The company will deliver 30mm ammunition for Lynx infantry fighting vehicles, which it will start producing at a joint venture with the state of Hungary in Zalaegerszeg (180 km southwest of Budapest) from 2023. It will also deliver 120mm ammunition for Leopard 2 tanks and 155mm ammunition for the Panzerhaubitze 2000 self-propelled howitzer. The order includes 40mm Rosy and 76mm Maske smoke grenades, and small-caliber 12.7mm and 7.62mm ammunition.

Maróth said "most of the products" in the order will be produced at the ammunition plant in Várpalota.

Rheinmetall CEO Armin Papperger said the company is "happy to cooperate in another area with our Hungarian friends".

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.