VEX Hungarian Defense and Space Export Agency Private Company Limited by Shares

VEX Hungarian Defense and Space Export Agency Private Company Limited by Shares (VEX Ltd.) is a business entity wholly owned by the state. Its mission is to promote the development of the Hungarian defense and space industries and to strengthen export activities, thereby contributing to the long-term growth and international competitiveness of these domestic sectors.
VEX plays an active role in helping domestic defense and space industry companies access international markets with their products, technologies, and services. It assists in the preparation and execution of procedures related to intergovernmental cooperation and supports industry players in building international relationships and strengthening their market presence.
The Company establishes cooperation agreements with Hungarian defense and space companies and facilitates their participation in major international trade shows and forums, thereby strengthening the Hungarian industry’s international visibility and partnerships.

The Defence industry in Hungary

The development of the Hungarian defense industry is a task of strategic importance that contributes to strengthening Hungary’s industrial capacity, technological advancement, and international competitiveness. The foundation for sustainable development is a predictable security policy and regulatory environment, consistent policy guidance, and an institutional framework that encourages cooperation.
A predictable development environment, the promotion of innovation, and the strengthening of domestic and international partnerships are essential for the sector’s long-term development. Together, these factors support the Hungarian defense industry’s presence on the international stage as an adaptable, technologically advanced, and market-ready player.
In addition to all this, the availability of adequate economic and industrial development resources is of crucial importance. The goal is to build a modern, high-value-added defense industry ecosystem that supports domestic players’ access to international markets, strengthens the industry’s visibility, and contributes to Hungary’s competitiveness in the long term.

The Space Industry in Hungary

The development of the Hungarian space industry is playing an increasingly important role in strengthening Hungary’s technological and economic competitiveness. The application of space technologies is now present in numerous civilian, industrial, and defense sectors; therefore, the sector’s development is of paramount importance not only from an innovation perspective but also in terms of market opportunities and international cooperation.
In recent years, the Hungarian space industry ecosystem has been steadily developing, and an increasing number of domestic players are joining international industry collaborations. This development is underpinned by the strengthening of research and development capacities, the expansion of technological competencies, and the deliberate building of international relationships.
The goal is to strengthen a modern, high-value-added space industry environment that increases the international visibility of Hungarian companies and technologies, supports their market access, and helps domestic players emerge as active, competitive partners in global space industry collaborations.

Our Vision

Our vision is to become a leading professional partner in the Hungarian defense and space industries, and to actively contribute to ensuring that domestic companies emerge as competitive, innovative, and internationally recognized players in the global market.

Our Mission

Our mission is to promote the development of the Hungarian defense and space industries through professional collaboration, export development support, and the strengthening of international relations, as well as to help domestic players expand their market presence and enhance their long-term competitiveness.