Israel to Sell Cyprus Naval Vessels and Weapons for $165 Million

Israel's defense industries are nearing a deal to supply Cyprus with naval vessels and weapon systems valued at approximately 150 million euros (about $165 million). The agreement, expected to be finalized in the coming weeks, has been approved by the defense ministries of both nations, according to Calcalist.

The deal involves Israel Shipyards (Maspenot Israel) providing the Cypriot Navy with patrol boats equipped with weapon systems from Rafael Advanced Defense Systems. This intergovernmental agreement aims to strengthen military, political, and economic ties between Israel and Cyprus, and bolster an alliance with Greece. It comes amid Turkey's efforts to enhance its regional influence by leveraging the ongoing conflict in the Middle East.

Sources within the Israeli defense establishment suggest this transaction could pave the way for broader cooperation, including joint arms production. This is not the first defense deal between Israel and Cyprus; less than a decade ago, Israel Shipyards delivered a patrol vessel equipped with advanced radar and weapon modules. Additionally, Israel Aerospace Industries began supplying Cyprus with Barak MX air defense missile systems about two years ago, replacing older systems. While Israel has not officially confirmed the Barak MX deal, the systems were displayed at a military parade in Nicosia in early October.

Further underscoring the deepening defense ties, Israel and Greece signed a 3 billion euro agreement last summer for a Greek air defense system incorporating Rafael and Israel Aerospace Industries technology. Cyprus is also reportedly considering the acquisition of additional Israeli anti-drone and anti-missile systems, including Drone Dome, Lite Beam, and Iron Dome.