Elbit Systems wins $750 million Greek artillery contract

Elbit Systems Ltd. (NASDAQ: ESLT) received a $750 million contract to supply rocket artillery systems to Greece's armed forces, the Israeli defense technology company announced.

The contract, part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, will be executed over four years with an additional ten-year support period. The deal involves supplying Precise & Universal Launching System (PULS) artillery rocket systems.

Under the contract, Elbit Systems will provide PULS launchers and munitions including training rockets, operational precision guided rockets for various ranges, and loitering munitions. The PULS system launches unguided rockets, precision-guided munitions, and missiles with various ranges, and adapts to existing wheeled and tracked platforms.

Following Greek government policy, Elbit Systems will collaborate with local Greek industries for system production, including technology transfer and knowledge sharing.

"Greece joins additional NATO countries that have selected the PULS system, underscoring its growing reputation as a highly effective and versatile solution for modern artillery requirements in Europe and beyond," said Bezhalel Machlis, President and CEO of Elbit Systems.

The announcement follows an earlier December 16, 2025 announcement regarding the agreement. Elbit Systems reported $7.94 billion in revenues for 2025 and maintains an order backlog of $28.1 billion as of December 31, 2025.

The company employs over 20,000 people across dozens of countries on five continents, developing and manufacturing defense solutions across multiple domains.

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