HUNGARY: Defence ministry boosts 2004 Raba/DaimlerChrysler vehicle order
The Hungarian defence ministry has added another 3 billion forints ($US14.36 million) for this year to its original 4.2 billion forint order to commercial vehicle maker Raba, the company said.
According to Reuters, Raba and its partner DaimlerChrsyler last year won a tender to supply the Hungarian army with off-road and regular vehicles over the next 15 years.
The new 65-vehicle batch ordered for this year consists of 20 Raba-produced H-18 all-terrain trucks, while the rest are Mercedes reconnaissance and command vehicles, Raba reportedly said.
Reuters noted the defence order is a key component of Raba's revenues, whose sales dropped by 16.2% last year to 31.67 billion forints as it made a loss of 7.25 billion - the company hopes to return to the black and increase sales by 30% this year.