Rheinmetall CEO Armin Papperger said the plant would supply munitions for fighting vehicles Rheinmetall is producing in Zalaegerszeg (215 km southwest of Budapest), in line with the government's strategy.
He added that the EUR 250 million-300 mln investment would "significantly boost" Hungary's role in ensuring the region's security. Minister of Defence Kristof Szalay-Bobrovniczky said the plant would start turning out munitions for Lynx infantry fighting vehicles, then for Leopard 2A7HU and PzH 2000 vehicles from 2024.
The plant will "fill a big gap" in terms of Hungary's defense capabilities, he added.
Papperberger and László Palkovics, the head of N7 National Defence Industry Innovation Holding, signed a contract on technology at the plant. Agreements were also signed with the contractors Záév and Kész for the project.
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