Defence Minister: Hungary’s defence industry must be made competitive
Hungary's military power must be effective and the defence industry competitive because in addition to guaranteeing the country's security, it also serves economic growth, Defence Minister Kristof Szalay-Bobrovniczky said on Monday.
Szalay-Bobrovniczky told a conference of the government’s defence supplier development programme that the government aims to double the share of Hungarian defence industry suppliers and see more businesses certified as NATO suppliers. The grant programme will be coordinated by N7 Holding National Defence Industry Innovation Company, he added.
He noted that Hungary had signed strategic agreements on defence industry development with a number of big foreign-owned companies, including Rheinmetall, Dynamit Nobel Defence, Airbus Helicopters and Nurol Makina.
