Israel-Cyprus defense deal worth millions

In depth

The Defense Ministry signed a defense export agreement with Cyprus, under which Israel will supply a naval patrol ship manufactured by Israel Shipyards and equipped with Rafael systems. According to Israel Hayom, the agreement was signed by Defense Ministry Director-General Amir Baram and his Cypriot counterpart Stelios Kontouris.

According to Globes, the agreement is worth about 150 million euros, while according to Walla it is 150 million dollars. The agreement also includes an upgrade of Cyprus's existing patrol ship, according to Globes and Israel Hayom.