LM and 4iG Space and Defence Partner on Hungarian-Specific Rocket Artillery System Capability

Lockheed Martin (NYSE: LMT) and 4iG Space and Defence Technologies Zrt. have entered into a memorandum of understanding (MOU) to collaborate on a tailored solution that will provide the Hungarian Defence Forces with a long-range rocket artillery system. This effort maximizes existing and combat-proven components and is intended for integration in Hungary.

THE BIG PICTURE
Under the agreement, the companies will explore a collaboration framework that supports the local integration of Lockheed Martin’s artillery rocket system launcher loader module (LLM) on Hungarian military trucks.

WHY IT MATTERS

• By combining their unique expertise and complementary skills, Lockheed Martin and 4iG Space and Defence Technologies seek to tackle pressing defence and security issues.
• The Lockheed Martin artillery rocket system LLM can be armed with a loadout of one ATACMS, two PrSM, six Standard-Range GMLRS or six Extended-Range GMLRS missiles. It offers a high degree of interoperability and interchangeability with fielded M270A2 and HIMARS launchers, making it an ideal solution for military forces operating in Europe.
• Lockheed Martin is committed to enhancing the Hungarian Defence Forces’ NATO-compatible long-range fire support capabilities while bringing high value-added activities to Hungary, in full alignment with the required U.S. and Hungarian governmental approvals.

EXPERT PERSPECTIVES
“Lockheed Martin is eager to collaborate and leverage our combat-proven long-range rocket artillery solutions to address the pressing need to strengthen NATO and Europe’s defence capabilities,” said Paula Hartley, vice president, Lockheed Martin Tactical Missiles. “This partnership underscores our commitment to supporting European allies in bolstering their industrial capabilities, achieving strategic objectives and fulfilling NATO commitments.”

“The agreement signed today represents a significant step for the Hungarian defence industry,” said István Sárhegyi, chief executive officer of 4iG Space and Defence Technologies. “By the partnership with the world's largest defence contractor Lockheed Martin, we can lay the foundations for the development of domestic capabilities that is to strengthen Hungary’s position among NATO’s most reliable and well-prepared partners. The establishment of an industrial framework related to the HIMARS represents not just a technological advancement, but also the foundation of new, high value-added development and manufacturing capacities in Hungary.”