Israeli Financial News Outlet Reveals €150m Warship Deal with Cyprus
The planned government-to-government deal would supply naval vessels fitted with Rafael weapons systems and deepen maritime defense cooperation.
- On Tuesday, Israeli defence firms Israel Shipyards and Rafael Advanced Defense Systems reportedly neared a €150 million agreement to supply naval vessels and weapons systems to Cyprus, according to the financial newspaper Calcalist.
- This initiative follows a Government-to-Government cooperation framework designed to deepen strategic ties between Nicosia and Tel Aviv, building on existing partnerships and defence procurement.
- Israel Shipyards previously supplied a 62-metre patrol vessel to the Republic of Cyprus for approximately €44 million to protect its Exclusive Economic Zone ; the Cypriot National Guard also operates SPIKE LR2 and BARAK MX systems.
- Describing the relationship as one based on "mutual trust, shared interests and a commitment to regional stability," the Cypriot embassy highlighted its link to broader security cooperation with Greece in the Eastern Mediterranean.
- Israeli defence sources suggest the agreement could open paths for joint commercial partnerships and industrial production, potentially extending the relationship beyond one-off arms purchases amid rising Eastern Mediterranean tensions.
17 Articles
17 Articles
Security cooperation between Jerusalem and Nicosia deepens • After the report of a Cypriot desire to purchase Iron Dome, a huge deal is emerging to supply vessels from Israeli shipyards equipped with Rafael weapons systems • Israel Shipyards shares respond • The deal joins the string of successes of the European defense industries
Israeli firms reportedly close to €150m naval deal with Cyprus
Israel Shipyards and Rafael are reportedly close to securing a €150 million agreement to supply Cyprus with naval vessels and weapons systems, in what would mark another significant step in the expanding defence relationship between Nicosia and Tel Aviv. According to a report published on Tuesday by Israeli financial newspaper Calcalist, the agreement is expected […]
According to the Israeli newspaper Calcalist, Israel and the Greek Cypriot administration have reached an agreement on the sale of ships and weapons systems worth approximately 150 million euros to the Cypriot Navy. Israel Shipyards will supply the ships, which will be equipped with Rafael weapons systems.
Key takeaways: Cyprus and Israel are on the verge of concluding a defense agreement worth approximately 150 million euros, reports the financial magazine Calcalist. This agreement includes the delivery of naval vessels equipped with advanced weapons. The project is managed through an intergovernmental framework, making the transaction more than a simple […]
AJN Agency.- Cooperation between Cyprus and Israel is intensifying. Following Monday’s information on the interest of Cyprus in various systems manufactured by the Israeli company Rafael Advanced Defense Systems – including Iron Dome, Drone Dome and Sea Lite – another agreement seems to be coming into being. This agreement, [...] The entry Cyprus negotiates a naval agreement with Israel worth more than 100 million dollars appears first in AJN Ne…
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