The Hungarian Government has agreed to produce the Panther KF51 main battle tank (MBT), a future concept that is complimentary to its current Leopard 2 fleet. Credit: Rheinmetall.

Hungary has agreed to join the German land systems manufacturer, Rheinmetall, in developing the Panther KF51 main battle tank (MBT), a concept that the company unveiled at the Eurosatory trade fair last year.

Both parties signed the €288m ($315.6m) contract in Zalaegerszeg, Hungary, according to a 15 December 2023 press release.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

A demonstrator vehicle will be constructed and qualified, paving the way to full-scale production. Rheinmetall is co-operating in the project with the state-owned Hungarian holding company N7, which also holds a 49% stake in the joint venture (JV) Rheinmetall Hungary.

“The Panther KF51 is the world’s most advanced MBT,” the CEO of Rheinmetall, Armin Papperger, asserted. “It sets a new standard for the combat effectiveness of mechanised formations, while delivering a high degree of future adaptability.

“At the same time, in our accustomed manner, we’ll be empowering our local JV Rheinmetall Hungary and further strengthen the national defence industrial capabilities of our partners.”

See Also:

The Panther KF51 complements the existing Hungarian fleet

Rheinmetall intends to integrate its L55A1 120-millimetre (mm) smoothbore gun to the new Panther, which also features in the latest variants of the Leopard 2. This will ensure logistical homogeneity with Hungary’s existing fleet of four Leopard 2A4HU units.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Nevertheless, the Panther KF51 will already be equipped with an autoloader. Moreover, the turret architecture will enable subsequent retrofitting of the company’s new 130mm gun, which enables a 50% longer kill range to be achieved (than 120mm) with an unparalleled rate of fire due to the autoloader performance.

Leading intelligence consultancy, GlobalData, tells us that the Hungarian Government is simultaneously in the process of procuring Leopard 2A7+ and more 2A4 units (four of which will be second-hand for training purposes), both from the German JV KNDS.

In conjunction with this procurement plan, the country is also acquiring Rheinmetall’s Lynx infantry fighting vehicles and Buffalo armoured recovery vehicles besides the country’s indigenous Gidran armoured vehicles in support of its MBT fleets.

Hungary’s military land vehicles sector its highest valued segment in its defence market. GlobalData estimates there to be a compound annual growth rate of 2% until 2028, at a total value of $838m.