Elbit Systems Awarded $750 Million to Supply PULS™ Rocket Artillery Systems to the Hellenic Armed Forces
Rhea-AI Summary
Elbit Systems (NASDAQ: ESLT) was awarded a contract worth approximately $750 million (€650 million) to supply PULS rocket artillery systems to the Hellenic Armed Forces.
The contract will be performed over 4 years with an additional 10-year follow-on support period, includes launchers, a comprehensive munition package, training rockets, precision guided rockets, loitering munitions, and local Greek industry collaboration with technology transfer.
Positive
- $750 million contract to supply PULS systems
- Contract performance over 4 years plus 10-year follow-on support
- Includes launchers, training rockets, precision-guided rockets, and loitering munitions
- Local Greek industry collaboration with technology transfer
Negative
- None.
News Market Reaction – ESLT
In the Apr 6 session, ESLT gained 3.90%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 23 | Trade show exhibit | Neutral | -1.9% | Oshkosh Defense showcased integrated mobility platforms at AUSA Global Force event. |
| Mar 17 | Annual report filing | Neutral | -6.0% | Filed 2025 Form 20-F annual report with U.S. and Israeli regulators. |
| Mar 17 | Earnings results | Positive | +16.0% | Reported FY 2025 revenue growth, higher backlog and strong free cash flow. |
| Feb 18 | Defense contract win | Positive | +2.2% | Won about $277M in contracts for 30mm turrets and munitions over three years. |
| Feb 17 | Earnings date set | Neutral | +2.6% | Announced date and call details for Q4 and full‑year 2025 results release. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent ESLT news shows positive operational updates (earnings beat, contract wins) aligning with price gains, while routine filings and timing announcements have seen mixed-to-negative reactions.
Over the last few months, ESLT reported strong FY 2025 results with revenues of $7.94B, higher backlog and a sharp positive price reaction. It also disclosed a contract award of about $277M for 30mm turrets and munitions, which coincided with a modest gain. In contrast, the Form 20-F filing saw a negative move. Today’s large artillery systems contract extends this pattern of sizeable defense awards building on an already growing backlog.
Key Terms
loitering munitions technical
precision guided rockets technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
As part of the contract, Elbit Systems will supply PULS launchers and a comprehensive munition package which includes training rockets, operational precision guided rockets for various ranges and loitering munitions. The PULS artillery system provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.
In accordance with the policy of the Greek government, Elbit Systems will collaborate with local Greek industries for the production of the system, including technology transfer and sharing of know-how.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "Elbit Systems has a longstanding and successful cooperation with the Hellenic Ministry of National Defense, and this project further strengthens that relationship.
About Elbit Systems
Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging
Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported
For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels.
Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg
Company Contacts:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
+972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP, Investor Relations
+972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP, Communications & Brand
+972-77-2947602
dalia.bodinger@elbitsystems.com
This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including
Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
View original content:https://www.prnewswire.com/news-releases/elbit-systems-awarded-750-million-to-supply-puls-rocket-artillery-systems-to-the-hellenic-armed-forces-302734657.html
SOURCE Elbit Systems Ltd.