Elbit Methods wins $750m Greek PULS deal
Israeli protection electronics firm Elbit Methods Ltd. (Nasdaq: ESLT; TASE:ESLT) at this time introduced that it has been awarded a contract value $750 million (€650 million) to provide Exact & Common Launching System (PULS) artillery rocket programs to Greece’s Hellenic Armed Forces.
As a part of the contract, Elbit Methods will act as head contractor, supplying PULS launchers and a complete munition package deal which incorporates coaching rockets, operational precision guided rockets for varied ranges and loitering munitions. The contract will likely be carried out over 4 years and can embrace a further ten-year interval of follow-on assist.
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In accordance with the coverage of the Greek authorities, Elbit Methods will collaborate with native Greek industries for the manufacturing of the system, together with know-how switch and sharing of understand how. The deal is a part of an settlement between Israel’s Ministry of Protection and Greece’s Ministry of Nationwide Protection. Safety relations between Israel and Greece have strengthened considerably lately, together with the export of air protection programs and extra.
The Israeli protection firm stated {that a} signing ceremony for the deal was held at this time within the presence of senior Israeli and Greek protection officers and high Elbit executives.
In contrast to different offers not too long ago signed in Europe or at the moment in superior negotiations as a part of a European partnership with German firm KNDS (EuroPuls), it is a deal that will likely be carried out 100% by Elbit Methods itself. The Greek parliament permitted the deal final December, and in response to stories, it entails 36 a number of launch rocket programs, in addition to the rockets for varied ranges that will likely be used. The programs will reportedly be stationed on Greece’s northeastern border with Turkey, and on islands within the Aegean Sea.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 6, 2026.
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