Rheinmetall eyes Hungarian digitalisation with JV
Rheinmetall has a strong presence in the Hungarian market, particularly with a contract to supply 218 KF41 Lynx tracked IFVs. (Photo: Rheinmetall)
Rheinmetall is setting up a JV with Hungarian partners to drive armed forces digitalisation in Hungary.
Rheinmetall is continuing its efforts to establish a JV in Hungary for armed forces digitalisation, after signing a preliminary agreement with 4iG and HM EI.
The partners aim to ‘participate in the digitalisation of the armed forces in Hungary and selected NATO member states in Central and Eastern Europe by developing digital combat system solutions as well as ground and flight simulation systems for the provision of most modern soldier training’, Rheinmetall announced on 16 May.
The JV is expected to begin operations in H2 2022.
Armin Papperger, CEO of Rheinmetall, said: ‘The joint venture, majority-owned by Rheinmetall, will be an integral part of our future digitalisation strategy for the defence industry… The location of the company also represents our special commitment to Hungary as a business location.’
Rheinmetall is already providing the Hungarian Army with 218 KF41 Lynx tracked IFVs under a contract worth more than €2 billion ($2.4 billion).
Rheinmetall acquired a 25% stake in 4iG under an agreement signed in January 2022.
More from Defence Notes
-
![Leonardo projects €30 billion in revenue by 2029]()
Leonardo projects €30 billion in revenue by 2029
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
-
![What does the US decision to pause Ukraine support mean for the war and the stock markets?]()
What does the US decision to pause Ukraine support mean for the war and the stock markets?
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
-
![Ireland begins work on buying fighter jets and doubling the naval fleet]()
Ireland begins work on buying fighter jets and doubling the naval fleet
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
-
![UK defence budget increased to 2.5% by 2027 as geopolitical landscape darkens]()
UK defence budget increased to 2.5% by 2027 as geopolitical landscape darkens
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.
-
![Ukraine leads the way on battlefield use of directed energy weapons]()
Ukraine leads the way on battlefield use of directed energy weapons
Increased drone use in Ukraine and in Middle Eastern conflicts has created a strong impetus to develop laser and radio-frequency firepower as exploration of direct-energy technology intensifies.
