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 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
-
Patria to deliver Hawk trainer jet full mission simulator to Finnish Defence Forces
Patria has signed a procurement contract with the Finnish Defence Forces to provide a Hawk Full Mission Simulator (FMS) for pilot training, boosting the realistic and extensive training capabilities of the Finnish Air Force.
-
US Army seeks 'fundamental transformation' to face future threats
‘The army is really undergoing its most fundamental transformation in 40 years. We are moving away from the system that we designed in the 80s’, Secretary of the Army Christine Wormuth has claimed,
-
DSEI 2023 in review: Ukraine, AI and the real world
DSEI 2023 took place in the shadow of the largest European land war in more than seven decades and a growth in conversations about artificial intelligence (AI) with limited UK immediate defence programme opportunities; many of the new products and exhibitors' announcements reflected this.