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Airbus, Hungary Tie Up as Hungary Boosts Defense Spending

Nick Zazulia

Monday, December 17th, 2018

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Airbus Helicopters will produce high-precision mechanical parts in Hungary under the terms of a new, long-term partnership.That production is the first example of cooperation under a Memorandum of Understanding announced Monday between Airbus Helicopters and Hungary as part of the country's "Zrinyi 2026" defense development program. Under the program started last year, Hungary has pledged to steadily increase its defense spending and reach the NATO-required 2 percent of GDP by 2026 at the latest.In 2017, Hungary spent around 1 percent…

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