Elbit Systems Secures $750 Million Defense Contract with Greece

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.