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Defense Score 65 Bullish

Elbit Systems Secures $750M Contract to Supply Greece with PULS Rocket Artillery Systems

Apr 06, 2026 12:55 UTC
ESLT, RKT, ^VIX
Short term

Elbit Systems has been awarded a $754 million contract to supply Greece with PULS rocket artillery systems, marking a significant development in the defense sector. The agreement, part of a deal between Israel and Greece, is expected to boost Elbit's revenue over the next four years.

  • Elbit Systems awarded $750 million contract to supply Greece with PULS rocket systems
  • Contract spans four years and includes launchers, training rockets, and precision-guided munitions
  • Elbit shares rose 2.7% in pre-market trading following the announcement
  • Deal is part of defense cooperation between Israel and Greece
  • Contract expected to boost Elbit's revenue over the next four years

Elbit Systems (ESLT) has secured a $750 million contract to supply the Hellenic Armed Forces with its Precise & Universal Launching System (PULS) rocket artillery systems. The agreement, announced on April 6, 2026, follows an initial disclosure in December 2025 and is part of a broader defense cooperation between Israel and Greece. The contract spans four years and includes the delivery of PULS launchers, training rockets, precision-guided munitions for various ranges, and loitering munitions. The deal underscores growing international demand for advanced defense systems amid evolving geopolitical tensions. In pre-market trading, Elbit shares rose 2.7% to $913.00 on the NasdaqGS, reflecting investor confidence in the company's expanding defense portfolio. The contract is expected to have a material impact on Elbit's financial performance, with the company likely to recognize revenue over the four-year delivery period. The agreement also highlights Greece's ongoing efforts to modernize its military capabilities through strategic partnerships with global defense firms.

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