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
-
![What role could holographic and 3D capabilities play in the warfare of tomorrow]()
What role could holographic and 3D capabilities play in the warfare of tomorrow
Holographic and 3D technologies have been lauded by some for their ability to provide technical and operational advantages for military training and planning. But is the hype truly justified?
-
![Unfolding the Golden Dome for America: Seven things you should know about the programme]()
Unfolding the Golden Dome for America: Seven things you should know about the programme
Shephard talked to multiple experts about the most pressing concerns and considerations regarding the air defence system advocated by President Trump.
-
![Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans]()
Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans
While industry reception to the SDR has been positive, questions still remain from analyst and trade associations about what this could mean for future investment and the future UK Defence Industrial Strategy.
-
![UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions]()
UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions
The UK’s Strategic Defence Review (SDR) was launched as one of the first acts of the UK’s new Labour Government in June last year. The review has recommended a major big-picture reform of the country’s forces.
-
![Foreshadowing of UK defence review suggests it is light on programme details]()
Foreshadowing of UK defence review suggests it is light on programme details
The UK’s Strategic Defence Review (SDR) was designed to answer two questions: What is needed to fix UK defence and make it fit for the 2040s, and what do you get for a fixed financial profile? The SDR outlines that work still needs to be done on specifics.
