Elbit Systems' PULS Rocket Artillery System Selected by the Hellenic Armed Forces
Rhea-AI Summary
Elbit Systems (NASDAQ: ESLT) announced on Dec 16, 2025 that the Hellenic Parliament and KYSEA approved a budget to purchase the company’s PULS rocket artillery for the Hellenic Armed Forces.
Elbit Systems said it anticipates receiving a contract that is material to the company, subject to completion of commercial negotiations with the Hellenic Ministry of National Defense.
The PULS system can launch unguided rockets, precision-guided munitions, and missiles across various ranges and is adaptable to wheeled and tracked platforms, which the company says reduces maintenance and training costs.
Positive
- Hellenic budget approved by Parliament and KYSEA on Dec 16, 2025
- Company expects a material contract
- PULS launches rockets, precision munitions, and missiles
- Launcher adapts to wheeled and tracked platforms, lowering upkeep/training
Negative
- Award is contingent on completion of commercial negotiations
- No signed contract or contract value disclosed yet
Market Reality Check
Peers on Argus
ESLT was down 0.38% while key peers showed mixed moves: RKLB -12.16%, BWXT -1.25%, CW -0.3%, and TXT/LHX modestly positive. This points to a stock-specific reaction rather than a unified Aerospace & Defense sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 19 | Tank upgrade contract | Positive | -4.5% | Announced ~$210M in Merkava tank upgrade contracts over six years. |
| Nov 18 | Q3 2025 earnings | Positive | +0.2% | Reported Q3 results with $1.92B revenue, backlog $25.2B, dividend declaration. |
| Nov 17 | Major intl contract | Positive | +6.4% | Signed international contract worth about $2.3B to be delivered over eight years. |
| Oct 30 | AGM results | Neutral | -1.2% | Annual meeting outcomes on board elections and auditor re-appointment. |
| Oct 27 | Earnings call notice | Neutral | -1.0% | Announced timing and access details for upcoming Q3 2025 results call. |
Contract wins and earnings have often led to modest or mixed next-day reactions, with one notable rally on a large international deal.
Over the last few months, Elbit Systems reported several sizeable defense awards and steady execution. On Nov 17, it signed an international contract worth about $2.3 billion, followed by Q3 2025 results on Nov 18 with revenues of $1,921.6 million, GAAP net income of $133.4 million, and an order backlog of $25.2 billion, plus a $0.75 dividend. A further $210 million Merkava tank-upgrade award was disclosed on Nov 19. Today’s anticipated PULS contract from Greece extends this pattern of international land-systems wins.
Market Pulse Summary
This announcement highlights parliamentary and national security approval in Greece for purchasing Elbit’s PULS rocket artillery system, with the company expecting a contract that is material in size. It follows earlier large international awards and a sizable order backlog of $25.2 billion. Investors may focus on the successful conclusion of commercial negotiations, integration of PULS into existing platforms, and how this potential deal contributes to geographic and product diversification.
AI-generated analysis. Not financial advice.
The anticipated contract award is contingent, among others, on completion of commercial negotiations with the Hellenic Ministry of National Defense.
Elbit Systems' PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.
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 approximately 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.
Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP, Communications & Brand
Tel: 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.
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SOURCE Elbit Systems Ltd.
FAQ
What did Elbit Systems announce on Dec 16, 2025 about ESLT and Greece?
How is the anticipated ESLT contract with Greece described in the announcement?
What capabilities did Elbit Systems highlight for the PULS launcher in the ESLT announcement?
Does the Dec 16, 2025 announcement disclose the contract value for ESLT’s PULS sale to Greece?
What operational benefits did Elbit Systems claim for PULS in the ESLT release?
