Israeli protection electronics firm Elbit Programs Ltd. (Nasdaq: ESLT; TASE:ESLT) at present introduced that it has been awarded a contract price $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 Programs will act as head contractor, supplying PULS launchers and a complete munition bundle which incorporates coaching rockets, operational precision guided rockets for numerous 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 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 programs and extra.
The Israeli protection firm mentioned {that a} signing ceremony for the deal was held at present within the presence of senior Israeli and Greek protection officers and prime 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), this can be a deal that can be carried out 100% by Elbit Programs itself. The Greek parliament accepted the deal final December, and in accordance with stories, it entails 36 a number of launch rocket programs, in addition to the rockets for numerous ranges that can be used. The programs 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. .
