Armenia Allocates 150 Billion Drams for Military Industry Development
Armenia has announced a budget allocation of 150 billion drams for military industry development as part of its 2026-28 program, according to Defense Minister Suren Papikyan. The country's defense spending has significantly increased from 245 billion drams in 2018 to 664 billion drams ($1.741 billion) in 2025, highlighting a focus on local production and diversification in military equipment procurement.
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Armenia will allocate 150 billion drams for military industry development under the 2026-28 program, as announced by Defense Minister Suren Papikyan. In 2022, contracts worth 5.5 billion drams were signed with local companies, increasing to 170 billion drams, with most products already delivered.
Armenia's defense spending rose from 245 billion drams in 2018 to 664 billion drams ($1.741 billion) in 2025, marking an increase of $1.1 billion. The minister emphasized the importance of local production and diversification in military equipment procurement.
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