businesspress24.com - Hungarian armed forces establish joint venture with Rheinmetall to produce Lynx infantry fighting ve
 

Hungarian armed forces establish joint venture with Rheinmetall to produce Lynx infantry fighting vehicle

ID: 1560175

Deal helps the Hungarian Army meet its NATO commitments through continued modernization of the country's defence industry

(PresseBox) - With the signing of an agreement in Unterl for Defence Development. Rheinmetall, Europe?s foremost maker of army equipment, will be cooperating with Hungary to create a joint venture and production facility in Hungary to manufacture the most modern Lynx infantry fighting vehicle.

Hungary is the first NATO and EU member state to choose the D in the Euro-Atlantic region.

In the words of the joint statement read by Lch form the backbone of the capabilities set. As the most advanced system of its kind, the Lynx has demonstrated its suitability for a central role in the Army?s capabilities spectrum for decades to come. In keeping with earlier promises by the Hungarian government to enhance the nation?s armed forces, this cooperative endeavour extends far beyond the modernization of military technology. Partnering with a major European corporation will result in the modernization of our defence industry and thus to the expansion of our industrial portfolio.?

As Armin Papperger, chairman of the executive board of Rheinmetall AG, explains: ?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

?We?re very proud?, said Mr Papperger, ?to be able to make an important contribution to the sustained expansion of Hungary?s defence technology capabilities in cooperation with local industry. We look forward to working together with our Hungarian friends and partners, and will do everything in our power to assure the long-term success of this venture.?



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Bereitgestellt von Benutzer: PresseBox
Datum: 18.08.2020 - 07:17 Uhr
Sprache: Deutsch
News-ID 1560175
Anzahl Zeichen: 3108

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Düsseldorf


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Pharmaceuticals & Biotech


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