Rheinmetall Expands Presence in Hungary

Rheinmetall Expands Presence in Hungary

2025. 10. 03.

German defence industry giant Rheinmetall is set to establish a new service center for development and engineering in Hungary.

German defence industry giant Rheinmetall will establish a new service and development centre in the southwestern Hungarian city of Zalaegerszeg.

The EUR 9.54 million investment will create 80 high value-added jobs. The centre will focus on development and engineering activities related to the Panther KF51 – regarded as the world’s most advanced main battle tank – and the producer's other military vehicles.

Supported by HIPA, the project further expands Rheinmetall’s footprint in Zalaegerszeg, following the inauguration of its combat vehicle manufacturing plant in 2023. It also contributes to the success of Hungary’s Zrínyi 2026 defence modernisation programme.

With around 40,000 employees worldwide and revenues of EUR 9.8 billion in 2024, Rheinmetall is one of Europe’s most prominent defence companies. Its growing presence in Hungary not only supports national security but also fosters innovation and generates opportunities for local suppliers in electronics, metalworking and chemicals.

HIPA was established in 2014 as a national investment promotion organisation, governed by the Ministry of Foreign Affairs and Trade. The agency’s most important task is to provide professional assistance to foreign and Hungarian companies wishing to invest in Hungary. Between 1 January 2014 and 31 December 2024, HIPA guided 2,200 projects in value of EUR 59.2 billion to create almost 170,000 new jobs.

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