Development of the Cypriot Defense Industry
February 22, 2026
The Cypriot defense industry has been rapidly developing in recent years, despite initial skepticism. There are about 30 companies focused on innovation and developing advanced defense technologies. The President of the Republic acknowledged the sector's potential to significantly contribute to the economy. Through participation in European programs, Cypriot businesses are gaining new opportunities and resources. The sector is expected to be strengthened with support from the Ministry of Defense.