Shea Levin — text status

🇮🇱🇨🇾 — REPORT: Israeli Defense Firms Seek Production in Cyprus Israeli defense companies are looking to set up offices and factories in Cyprus, an issue raised during President Isaac Herzog’s visit to Nicosia last Thursday, Philenews reported. • The interest is tied to EU rearmament and programs such as SAFE, following Israeli production already in Romania, Germany, and Greece. Officials say a Cyprus base could bring jobs and local defense work. Elbit, IAI, and Rafael together posted more than $21.5 billion in 2025 revenue.