Over $100 Million: The Deal Taking Shape Between Rafael and Israel Shipyards with Cyprus
The security cooperation between Jerusalem and Nicosia deepens • Following reports of Cypriot interest in purchasing Iron Dome, a mega-deal is emerging to supply vessels from Israel Shipyards equipped with Rafael weapon systems • Israel…
Assessment
Israel's deepening defense ties with Cyprus are moving from talk to contracts. After reports of interest in Iron Dome, a major deal is taking shape for Israeli-made naval vessels armed with Rafael weapon systems. The stock market is already reacting. This signals a strategic shift: Cyprus is not just buying hardware but embedding itself into Israel's defense ecosystem, with implications for Eastern Mediterranean power balances.