Hungary has signed a €2 bn contract with German defence company, Rheinmetall AG to modernise its military hardware, the government said in a statement on Wednesday.
Under the new deal, Hungary will buy 218 Lynx KF41 combat vehicles, in a bid to fulfil its NATO obligations, becoming the first NATO member and EU state to order the Lynx Infantry Fighting Vehicle (IFV).
The contractual agreement with the Düsseldorf-based company was signed in Budapest and foresees that 46 out of the 218 IFVs will be built in Germany, along with nine Buffalo armoured recovery vehicles, that will be delivered by early 2023, while all the rest will be built in Hungary.
“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,” said Armin Papperger, the Rheinmetall AG chairman of the executive board.