News

Construction Begins on Largest NATO Base in Europe in Romania, Costing €2.5B

March 18, 2024 @ 05:55 AM

Construction has commenced on what is set to be the largest NATO base in Europe, situated in Romania, with a construction cost of €2.5 billion
Hungary to Convert Lease-financed Gripen Jets to Fully Owned by 2026

February 27, 2024 @ 11:48 AM

Hungary has outlined its intention to convert 12 JAS39 Gripen jets, initially obtained through a lease-financing arrangement, into fully owned assets by 2026. The formalization of the procurement agreement for four new Gripen aircraft took place on February 23 during the visit of Swedish Prime Minister Ulf Kristersson and Minister for Defence Pål Jonson to Budapest
Saab-Supported Centre of Excellence to Bolster Hungary’s Tactical Fighter Capability

February 25, 2024 @ 02:36 PM

Saab will help establish a Centre of Excellence (CoE) in Hungary which, among other things, will help develop tactical fighter capability of the Hungarian air force. As part of a deal signed last week for Hungary to acquire 4 additional Gripen fighter jets bringing up the total Gripen aircraft to 18, a separate agreement for the COEs establishment was also concluded
Saab Secures Contract for Additional Gripen C Fighter Aircraft for Hungary

February 24, 2024 @ 05:33 AM

Swedens Saab has officially signed a contract with the Swedish Defence Materiel Administration (FMV) to deliver four additional Gripen C fighter aircraft for Hungary. The order is an extension of the existing contract between FMV and the Hungarian Government, originally signed in December 2001, which included the provision of 14 Gripen C/D fighters for the Hungarian Air Force
NATO-member Hungary Not to Send Weapons to Ukraine

February 20, 2024 @ 09:14 AM

After giving into EU- member nations pressure and approving a $54 billion EU package of long-term aid to Ukraine, Hungary has reiterated it position on not supplying weapons to Kyiv. Hungarian defence minister Kristóf Szalay-Bobrovniczky said on February 16, “Hungary continues not to send any weapons to Ukraine, and will not change this standpoint under any kind of pressure
NATO Allies Spent $600B on Defense Since 2014

February 16, 2024 @ 06:27 AM

U.S
First Flight of Embraer KC-390 Aircraft for Hungary

February 10, 2024 @ 07:33 AM

Hungary's first Embraer KC-390 military transport aircraft completed its inaugural flight in Brazil on February 8. The aircraft is scheduled to be delivered to Hungary later this year
Rheinmetall Acquires Majority Stake in Romanian Vehicle Maker, Automecanica Medias

February 1, 2024 @ 09:55 AM

Rheinmetall is set to acquire a 72.5% majority holding in Automecanica Mediaș, a Romanian vehicle maker, as part of its ongoing expansion in Central Europe
Rheinmetall Expands Hungarian Plant to Produce Ammo for PzH2000 Howitzers, Leopard 2...

January 31, 2024 @ 07:40 AM

Rheinmetall Hungary Munitions Zrt.'s Várpalota plant is set to undergo a significant expansion, as the second phase of construction kicked off in January 2024
Rheinmetall's Skyranger 30 A1 Completes Live-Fire Tests, Advances Towards Series Production

January 12, 2024 @ 08:21 AM

Rheinmetall's Skyranger 30 A1, a mobile air defense system, has achieved a milestone with successful testing and live-fire trials at the company's Ochsenboden proving ground in Switzerland in December 2023. The assessments encompassed the system's functionality in both stationary and mobile modes

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