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Cyprus Boosts Defense Tech with 200 Drones for Ukraine

2/4/2026

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Summary

Story summary

Swarmly, a Cyprus-based company, has produced more than 200 H-10 Poseidon drones for Ukraine, which have logged over 100,000 flight hours.
The EU is pursuing defense self-reliance after Russia's invasion of Ukraine, fueling increased investment in defense technologies across Europe.
Cyprus is set to receive 1.2 billion euros in loans under the EU's Security Action for Europe program, while the country hosts 30 companies focused on civilian and military technology.

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Story summary

Swarmly, a Cyprus-based company, has produced more than 200 H-10 Poseidon drones for Ukraine, which have logged over 100,000 flight hours.
The EU is pursuing defense self-reliance after Russia's invasion of Ukraine, fueling increased investment in defense technologies across Europe.
Cyprus is set to receive 1.2 billion euros in loans under the EU's Security Action for Europe program, while the country hosts 30 companies focused on civilian and military technology.