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hungary proposes new eu funding rules impacting defense contractors and arms industry

Hungary's proposal for EU defense funding requires that at least 65% of components be sourced from EU countries, disappointing some French arms companies that sought an 80% threshold. The initiative aims to bolster European defense production amid concerns over reliance on U.S. arms. New eligibility criteria will also assess the design authority of products, complicating access for firms producing U.S. weapons in Europe.
POLITICO
Euro Dassault Systèmes SE MBDA Saab Airbus Naval Group SA Thales S.A. Hanwha Aerospace USA HUN ROU Show more
Regulatory & Legal, News Article
19:41 25.11.2024
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