Hungary JV with Rheinmetall for Lynx IFV

Signing an agreement on 17 August 2020, the government of Hungary has embarked on a massive programme worth over two billion euros to modernise the country’s defence industry and military capabilities. Rheinmetall, which is Europe’s foremost manufacturer of army equipment, will cooperate with Hungary on a joint venture and production facility in Hungary to manufacture the modern Lynx infantry fighting vehicle.