Greek-Cypriot deal brings weapons manufacturing to Cyprus with EU funding

METLEN’s defence arm, M Technologies, and Cyprus-based HOUTRIS have signed an exclusive partnership agreement to set up a joint company in Cyprus that will manufacture military land vehicles, funded under the EU’s SAFE programme.

SAFE requires projects to involve collaboration with at least one other member state. Cyprus has already finalised its list of defence projects for evaluation under the scheme, with officials pointing to Cypriot companies developing drones and telecommunications...