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".