German defense industry giant Rheinmetall is set to establish a new service center for development and engineering in the southwestern Hungarian city of Zalaegerszeg, the Hungarian Investment Promotion Agency (HIPA) reports. According to the statement released, the EUR 9.54 million investment – about 15% of which is covered by Hungarian taxpayers through a government grant […]

The foundation stone of the new factory of the German automotive and arms manufacturer Rheinmetall was laid in Szeged, SE Hungary this Tuesday. At the event, Christoph Müller, head of the Rheinmetall Power Systems division, said the Szeged plant will be the group's first hybrid site, where civil business and defence technology activities will be […]

The first Hungarian Lynx air defense weapon has been completed at the Zalaegerszeg plant in south-western Hungary, the Ministry of Defense said in a statement sent to MTI. They recalled their information on Thursday that according to their latest agreement with their strategic partner Rheinmetall, they are developing an air defence system for the Hungarian […]

Europe's most modern and sophisticated tank factory was built at a world record speed within the Group, providing Hungary with outstanding defense capabilities, Rheinmetall's President, Armin Papperger said at the inauguration of the company's Zalaegerszeg plant (SW Hungary) on Friday. The President said Hungary is part of the European air defense initiative and has the […]