Bosnia’s defense industry is quietly strengthening. BNT TMIH, a state-owned arms manufacturer, announced a 71% rise in net profit for the first half of 2025, reaching 2.3 million BAM (€1.2 million).
The surge reflects stronger export demand as European states accelerate rearmament in response to global security pressures.
Bosnia’s defense sector, long overshadowed, is beginning to attract attention from international buyers.
For a country still wrestling with its political divisions, the sector’s growth offers both revenue and controversy—raising questions about how arms production squares with Bosnia’s aspirations of stability and EU alignment.
