Israeli protection electronics firm Elbit Techniques Ltd. (Nasdaq: ESLT; TASE:ESLT) right this moment introduced that it has been awarded a contract price $750 million (€650 million) to provide Exact & Common Launching System (PULS) artillery rocket methods to Greece’s Hellenic Armed Forces.
As a part of the contract, Elbit Techniques will act as head contractor, supplying PULS launchers and a complete munition package deal which incorporates coaching rockets, operational precision guided rockets for numerous ranges and loitering munitions. The contract shall be carried out over 4 years and can embody an extra ten-year interval of follow-on help.
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In accordance with the coverage of the Greek authorities, Elbit Techniques will collaborate with native Greek industries for the manufacturing of the system, together with know-how switch and sharing of know the way. 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 in recent times, together with the export of air protection methods and extra.
The Israeli protection firm mentioned {that a} signing ceremony for the deal was held right this moment within the presence of senior Israeli and Greek protection officers and prime Elbit executives.
In contrast to different offers just lately signed in Europe or at the moment in superior negotiations as a part of a European partnership with German firm KNDS (EuroPuls), this can be a deal that shall be carried out 100% by Elbit Techniques itself. The Greek parliament permitted the deal final December, and in response to reviews, it includes 36 a number of launch rocket methods, in addition to the rockets for numerous ranges that shall be used. The methods 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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