The attack, which took place at the entrance to the barracks on road to the airport, appeared to have been carried out by a suicide car bomber, an army officer said, speaking on condition of anonymity.
Benghazi was the cradle of the 2011 uprising that ended Moamer Kadhafi's four-decade rule and has since been plagued by violence that has killed dozens of members of the security forces, judges and foreigners.
According to the army officer, the blast killed two soldiers and wounded two more. An official at Benghazi's Al-Jala hospital confirmed a death toll of two.
On December 22, a suicide car bomb targeting a security post 50 kilometres (30 miles) from Benghazi left 13 people dead.
Militants have also attacked foreign missions in Benghazi, including a September 2012 assault on the US consulate in the Mediterranean city that killed the ambassador and three other Americans.
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