Hungary plans to purchase $700 million worth of defense equipment from the United States following a high-level summit between US President Donald Trump and Hungarian Prime Minister Viktor Orbán at the White House, according to the US State Department.
In a statement, the department said that relations between Washington and Budapest have reached “unprecedented levels of cooperation and achievement.”
The two countries also signed a memorandum of understanding in the field of nuclear energy aimed at turning Budapest into a regional hub for small modular reactor markets in Central Europe, using advanced American technology to launch a new transatlantic industry.
Hungary intends to build up to ten small modular reactors with an estimated total investment of $20 billion. Prime Minister Orbán also announced a deal with US company Westinghouse to supply nuclear fuel for the Paks I reactor, valued at approximately $114 million.
Additionally, Hungary has committed to purchasing liquefied natural gas (LNG) from the United States under an expected contract worth $600 million.
The statement also confirmed that Hungary will be fully reinstated into the US Visa Waiver Program, facilitating legitimate travel while maintaining rigorous screening and enhanced border security.
Negotiations have also begun to renew the bilateral General Security of Military Information Agreement, underscoring the two nations’ growing defense partnership and Hungary’s commitment to protecting its national infrastructure from hostile actors.
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