US-Hungary Bilateral Partnership Boost

On his historic trip to Budapest, Vice President JD Vance reinforced a new era of U.S.-Hungary bilateral cooperation in energy, technology, and security. The achievements outlined below advance a shared bilateral agenda rooted in innovation, strategic stability, and long‑term economic and security partnership.

Strengthening Energy Cooperation

• U.S. Crude Oil Purchases: Hungary's energy company, MOL Group, purchased 510,000 tons of crude oil worth $500 million from the United States and American energy companies to deepen our strategic energy partnership.
• Small Modular Reactor (SMR) Study: Under the Intergovernmental Agreement focused on civil nuclear energy, the United States is supporting a front-end engineering and design (FEED) study to facilitate the deployment in Hungary of a new U.S. SMR, ensuring Hungary's role as a key partner in European energy security. The FEED study paves the way for Hungary to move forward with the purchase and construction of up to 10 U.S. SMRs, with a potential total value of $20 billion. Several U.S. companies including GE Vernova, Holtec, and Westinghouse signed MOUs with Hungary's electricity provider, MVM, on SMR collaboration.
• Lifetime extension of Paks1: Westinghouse and MVM signed MOUs to explore the use of Westinghouse technology to extend the lifetime use of the Paks 1 nuclear power plant and to collaborate on SMR technology. This MOU, which builds on the November 2025 agreement for Westinghouse to supply nuclear fuel, will further bolster Hungary's energy security through U.S. cooperation.

Deepening Commercial Ties and AI Cooperation

• GE Healthcare and Semmelweis University signed an MOU to create an Oncology Center of Excellence in Hungary that leverages U.S. medical technology and AI-based innovation to improve cancer care for Hungarian patients and expand access to advanced American healthcare solutions.
• Microsoft Corporation, the Government of Hungary, and Gábor Dénes University signed an MOU to bring digital and AI training solutions for small and medium-sized enterprises to boost technological readiness.
• Microsoft and the Government of Hungary signed an MOU to secure digital infrastructure for public institutions through Sovereign Cloud solutions.

Advancing Regional Peace, Security, and Defense Cooperation

• Procurement of U.S. High Mobility Artillery Rocket Systems (HIMARS): Hungary announced plans to procure $700 million worth of U.S. HIMARS and integrate them into its defense planning, enhancing Hungary's ability to deter aggression while supporting American manufacturing jobs and strengthening NATO's collective defense posture along the Eastern Flank.
• Secure Communications MOU: L3 Harris and 4iG signed an MOU seeking to incorporate L3 Harris communication technology into Hungary's HIMARS program, ensuring interoperability with NATO and U.S. forces.
• Space and Defense Cooperation Agreement: Northrop Grumman and 4iG announced a new joint effort to develop a geosynchronous satellite capability for Hungary, with the objective of advancing national security, space, resilience, and helping to maintain and expand the U.S. industrial base for geosynchronous satellites.