Israeli protection electronics firm Elbit Programs Ltd. (Nasdaq: ESLT; TASE:ESLT) in the present day introduced that it has been awarded a contract price $750 million (€650 million) to produce Exact & Common Launching System (PULS) artillery rocket techniques to Greece’s Hellenic Armed Forces.
As a part of the contract, Elbit Programs will act as head contractor, supplying PULS launchers and a complete munition bundle which incorporates coaching rockets, operational precision guided rockets for varied ranges and loitering munitions. The contract can be carried out over 4 years and can embody a further ten-year interval of follow-on assist.
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In accordance with the coverage of the Greek authorities, Elbit Programs will collaborate with native Greek industries for the manufacturing of the system, together with expertise 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 techniques and extra.
The Israeli protection firm stated {that a} signing ceremony for the deal was held in the present day within the presence of senior Israeli and Greek protection officers and prime Elbit executives.
Not like different offers not too long ago signed in Europe or at present in superior negotiations as a part of a European partnership with German firm KNDS (EuroPuls), this can be a deal that can be carried out 100% by Elbit Programs itself. The Greek parliament authorised the deal final December, and based on experiences, it includes 36 a number of launch rocket techniques, in addition to the rockets for varied ranges that can be used. The techniques will reportedly be stationed on Greece’s northeastern border with Turkey, and on islands within the Aegean Sea.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 6, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026. .
