The plant will be built by 2021 and create several hundred jobs, MTI cited Minister of Foreign Affairs and Trade Péter Szijjártó as saying at a press conference Monday.
The minister noted that there are two possible locations for the site of the plant in eastern Hungary. A final decision will be made at the start of 2019, after which the government will finalize an agreement with Airbus on supporting its investment with a government grant.
Airbus Helicopters CEO Bruno Even said that in two yearsʼ time every hundredth helicopter the company makes will have Hungarian-manufactured parts.
Szijjártó said the agreement between the government and the company involves the Hungarian military purchasing 36 helicopters from Airbus and the parties setting up a joint education and training program.
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