Elbit Systems Secures $750 Million Defense Contract with Greece

Key Facts

1Elbit Systems was awarded a $750 million contract to supply PULS rocket artillery systems to the Hellenic Armed Forces.

2The contract is part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense.

3The contract value in Euros is approximately €650 million.

Elbit Systems Ltd. (ESLT) has been awarded a significant contract valued at approximately $750 million to supply the Hellenic Armed Forces with its advanced PULS rocket artillery systems. The deal, which translates to roughly €650 million, was facilitated through a government-to-government agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense. This strategic partnership aims to modernize Greece's artillery capabilities through the integration of the Precise & Universal Launching System (PULS). For Elbit Systems, this contract represents a substantial addition to its global order backlog, ensuring long-term revenue visibility. The agreement further solidifies the company's growing footprint within the European defense market. Investors view this development as a positive driver for the company's stock performance on both the NASDAQ and Tel Aviv Stock Exchange.