Rheinmetall will be cooperating with Hungary to create a joint venture and production facility in Hungary to manufacture the Lynx infantry fighting vehicle under a deal signed 17 August. The program is worth more than 2 billion euros and was announced by Hungary’s Secretariat of the Ministry for Innovation and Technology and the Commissioner for Defence Development.
Armin Papperger, chairman of the executive board of Rheinmetall, said “the Lynx’s market breakthrough is a major success for us. And the fact that we were able to convince Hungary – an important EU and NATO partner – to choose this innovative vehicle makes this success all the greater. In making this forward-looking procurement decision, Hungary’s top political and military officials have demonstrated real leadership. Not only does the move place Hungary at the forefront of European army technology. It reaffirms the Hungarian government’s commitment to being a reliable, more militarily effective partner of its NATO allies, a policy which it is pursuing with systematic energy.”