During his visit to Budapest, Vice President J.D. Vance reaffirmed a new era of bilateral cooperation between the United States and Hungary in the fields of energy, technology, and security, reported Világgazdaság.hu, based on information from the U.S. Vice President’s Office.
The MOL Group purchased 510,000 tons of crude oil from the United States and U.S. energy companies, worth approximately $500 million, thereby deepening the strategic energy partnership.
Fact Sheet: Advancing the United States-Hungary Bilateral Partnership
FOR IMMEDIATE RELEASE
04/08/2026Advancing the United States-Hungary Bilateral Partnership
On his historic trip to Budapest, Vice President JD Vance reinforced a new era of U.S.-Hungary bilateral cooperation…
— White House Press Pool Reports (@WHPressPool) April 8, 2026
Under an intergovernmental agreement focused on civilian nuclear energy, the United States is supporting the preparation of a feasibility study to facilitate the deployment of new, U.S.-manufactured small modular reactors (SMRs) in Hungary, securing Hungary’s role as a key partner in European energy security. The study lays the groundwork for Hungary to purchase up to 10 U.S. SMRs, worth up to $20 billion.
The U.S. company Westinghouse and MVM have signed a memorandum of understanding to explore how Westinghouse’s technology can be used to extend the operating life of Units 1 and 2 at the Paks Nuclear Power Plant. This agreement also covers cooperation in the field of SMR technology. The agreement builds on the November 2025 contract for the supply of nuclear fuel.
GE Healthcare and Semmelweis University have signed a memorandum of understanding to establish a Center of Excellence in Oncology in Hungary,
which will improve care for cancer patients by leveraging American medical technology solutions and artificial intelligence-based innovation, while expanding access to cutting-edge American healthcare solutions.
Microsoft Corporation, the Hungarian Government, and Gábor Dénes University signed a memorandum of understanding on the introduction of digital and artificial intelligence-based training solutions for small and medium-sized enterprises to enhance technological readiness.
Microsoft and the Hungarian Government signed a memorandum of understanding on protecting the digital infrastructure of public institutions through the use of sovereign cloud solutions.
Hungary announced plans to procure U.S. HIMARS artillery rocket systems worth approximately $700 million and integrate them into its defense system. This will enhance Hungary’s deterrence capabilities while strengthening NATO’s collective defense capabilities on the eastern flank.
L3Harris and 4iG have signed a memorandum of understanding regarding the integration of L3Harris’s communication technology into the Hungarian HIMARS program, ensuring interoperability with NATO and U.S. forces.
A space and defense cooperation agreement was also signed, and Northrop Grumman and 4iG announced a new joint initiative to develop geostationary satellite capabilities in Hungary, with the aim of enhancing national security, strengthening space resilience, and maintaining and expanding the United States’ geostationary satellite industry base.
Via Világgazdaság.hu; Featured photo: MTI/Miniszterelnöki Kommunikációs Főosztály/Kaiser Ákos
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