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Nov 04, 2019

Hungarian government committed to investing in defense industry

The Hungarian state has purchased British-Austrian-owned company Hirtenberger Defense Systems. Hirtenberger has been developing artillery equipment and ammunition for 160 years.

The Hungarian government is committed to investing in defense and to meeting the objectives outlined in the Zrinyi 2026 program.

In a new deal, the Hungarian state has purchased British-Austrian-owned company Hirtenberger Defense Systems. Hirtenberger has been developing artillery equipment and ammunition for 160 years.

Gáspár Maróth, the government commissioner in charge of coordinating defense industry development, said that under the contract signed on October 29, the company is now owned by Hungarian-owned HDT Vedelmi Ipari.

Maróth said that the new owner has no plans to change the way Hirtenberger is managed but Hungarian engineers will be involved in the company’s research and development activity.

“With this purchase, we have acquired knowledge in the area of domestic high-caliber ammunition manufacturing that was earlier completely wound up, which would have taken four to five years and billions of taxpayers’ money to achieve,” he said.

Photo credit: Magyar Nemzet