NikosChristodoulides|Feb 26, 2026 12:37
I believe in the potential of the Cyprus Defence Industry.
Over the past 5 years, the Cyprus Defense Industry has demonstrated remarkable growth and resilience. It has emerged as a strategic pillar of our national security and industrial policy. With the support of the Ministry of Defence, 18 Cypriot companies have secured participation in 44 European Defence Industrial Development Programs and European Defence Fund projects, with a combined total project budget of approximately €600 million dedicated to the development of next-generation European defense systems.
Through these projects, Cypriot companies have attracted approximately €48 million in direct funding, significantly strengthening their technological capabilities, product development, industrial capacity, and establishing Cyprus as a reliable and credible co-producer within Europe’s defense supply chain. Cyprus is gradually evolving from a participant to a meaningful contributor to Europe’s defense and dual-use technological ecosystem.
These numbers and achievements speak for themselves and also reflect the visionary founders and entrepreneurs, dedicated engineers, researchers, scientists and technicians that are the driving force of the industry.(NikosChristodoulides)
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