Elbit Systems wins $750M Greek PULS contract
Elbit Systems Ltd. reported a major new defense win, securing a contract worth approximately $750 million (€650 million) to supply its PULS rocket artillery systems to the Hellenic Armed Forces.
Rhea-AI Filing Summary
Elbit Systems Ltd. reported a major new defense win, securing a contract worth approximately $750 million (€650 million) to supply its PULS rocket artillery systems to the Hellenic Armed Forces. The deal is part of an agreement between the Israeli and Hellenic defense ministries.
The contract will be executed over 4 years and followed by an additional ten-year support period. It covers PULS launchers and a broad munitions package, including training rockets, precision‑guided rockets for various ranges and loitering munitions. Elbit Systems will work with Greek industries on production, including technology transfer and know‑how sharing.
The company describes PULS as a flexible, cost‑effective artillery solution adaptable to wheeled and tracked platforms. Elbit Systems, which reported $7,938.6 million in revenues and an $28.1 billion order backlog for the year ended December 31, 2025, views this contract as further strengthening its long‑standing relationship with Greece and adding to its European customer base.
Positive
- Secures approximately $750 million (€650 million) PULS contract, a sizable multi‑year award that is material relative to Elbit Systems’ $7,938.6 million of revenues for the year ended December 31, 2025.
- Deepens relationship with the Hellenic Ministry of National Defense and other NATO users, supporting Elbit Systems’ positioning as a key provider of advanced artillery solutions in Europe.
Negative
- None.
Insights
A $750M multi‑year Greek PULS contract strengthens Elbit’s backlog and European positioning.
The company secured a contract worth approximately $750 million (€650 million) to supply PULS rocket artillery systems to the Hellenic Armed Forces. The work spans 4 years of deliveries plus ten years of follow‑on support, adding long‑duration, visibility‑enhancing revenue to Elbit’s profile.
For scale, Elbit reported $7,938.6 million in revenues and an order backlog of $28.1 billion for the year ended December 31, 2025. This single award is a meaningful contract relative to annual sales and continues Elbit’s expansion among NATO customers, reinforcing its position in European land‑systems modernization.
The contract also includes collaboration with Greek industries, including technology transfer and know‑how sharing, which can deepen local political support but may modestly limit long‑term exclusivity. Future company disclosures may clarify the pace of revenue recognition over the 4‑year performance period and the value contribution of the ten‑year support phase.
Key Figures
PULS contract value: $750 million (€650 million)
Contract performance period: 4 years
Follow-on support period: 10 years
+3 more
6 metrics
PULS contract value
$750 million (€650 million)
Award to supply PULS artillery rocket systems to Hellenic Armed Forces
Contract performance period
4 years
Initial delivery and execution period for PULS contract
Follow-on support period
10 years
Additional support phase following PULS system delivery
2025 revenues
$7,938.6 million
Company revenues for the year ended December 31, 2025
Order backlog
$28.1 billion
Order backlog as of December 31, 2025
Employees
over 20,000
Employees in dozens of countries across five continents
Key Terms
PULS artillery system, order backlog, loitering munitions, forward-looking statements, +1 more
5 terms
PULS artillery system financial
"The PULS artillery system provides a comprehensive and cost-effective solution capable of launching unguided rockets..."
order backlog financial
"The Company reported $7,938.6 million in revenues... and an order backlog of $28.1 billion as of such date."
Order backlog is the total value or number of customer orders a company has received but not yet fulfilled or delivered. It acts like a queue at a busy restaurant: a healthy backlog signals steady future sales and revenue visibility, while a growing backlog can also warn of production bottlenecks, delayed cash collection, or rising costs — all important when assessing a company’s near-term performance and operational risks.
loitering munitions technical
"includes training rockets, operational precision guided rockets for various ranges and loitering munitions."
A loitering munition is a weapon that combines a small, guided aircraft and its explosive warhead into a single system that can fly over an area, wait while searching for a target, then dive in to destroy it — think of it as a drone with a built‑in bomb that can loiter like a hawk before striking. Investors care because demand, production, export rules, and ethical or regulatory restrictions can sharply affect defense company revenues, supply chains, and share prices.
forward-looking statements regulatory
"This press release may contain forward‑looking statements... regarding Elbit Systems Ltd. and/or its subsidiaries..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
technology transfer financial
"Elbit Systems will collaborate with local Greek industries... including technology transfer and sharing of know‑how."
Technology transfer is the process of moving an invention, know‑how, or technical capability from one organization to another so it can be developed, manufactured or sold. For investors it matters because successful transfers turn research or prototypes into marketable products or revenue streams—similar to handing a recipe and kitchen to someone who can scale it up—and they affect a company’s growth prospects, costs, timelines and competitive position.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What contract did Elbit Systems (ESLT) announce with the Hellenic Armed Forces?
Elbit Systems announced a contract worth approximately $750 million (€650 million) to supply its PULS rocket artillery systems to the Hellenic Armed Forces. The deal is part of an agreement between the Israeli and Hellenic defense ministries and includes launchers and a full munitions package.
How long will the new Elbit Systems PULS contract with Greece last?
The PULS contract with the Hellenic Armed Forces will be performed over 4 years, followed by an additional ten‑year period of follow‑on support. This structure combines near‑term system deliveries with long‑term sustainment, creating a multi‑year revenue stream for Elbit Systems.
What exactly is Elbit Systems’ PULS artillery system?
PULS is Elbit Systems’ Precise & Universal Launching System, a rocket artillery platform that can fire unguided rockets, precision‑guided munitions and missiles across various ranges. It is fully adaptable to existing wheeled and tracked platforms, which can reduce maintenance and training costs for customers.
Will Greek industries participate in Elbit Systems’ PULS program?
Yes. In line with Greek government policy, Elbit Systems will collaborate with local Greek industries for PULS production. This includes technology transfer and sharing of know‑how, supporting domestic industrial participation and strengthening long‑term defense cooperation between Israel and Greece.
How large is Elbit Systems’ overall business compared with this $750 million deal?
Elbit Systems reported $7,938.6 million in revenues and an order backlog of $28.1 billion for the year ended December 31, 2025. The approximately $750 million PULS contract is a significant single award relative to annual revenues and adds to its already sizable backlog.
Which markets and domains does Elbit Systems (ESLT) serve beyond artillery systems?
Elbit Systems is a global defense technology company that develops, manufactures, integrates and sustains next‑generation solutions across multiple domains. It leverages Israel’s technology ecosystem and employs over 20,000 people in dozens of countries across five continents, addressing rapidly evolving battlefield challenges.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the Month of April 2026
_______________________
Commission File Number 000-28998
ELBIT SYSTEMS LTD.
(Translation of Registrant’s Name into English)
Advanced Technology Center, P.O.B. 539, Haifa 3100401, Israel
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F
☒ Form 40-F ☐
Attached hereto as Exhibit 1 and incorporated herein by reference is the Registrant’s press release dated April 6, 2026.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ELBIT SYSTEMS LTD.
(Registrant)
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By:
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/s/ Pinchas Confino Adi
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Name:
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Pinchas Confino Adi
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Title:
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Corporate Secretary
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Date: April 6, 2026
EXHIBIT INDEX
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Exhibit No.
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Description
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1
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Press Release dated April 6, 2026
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Exhibit 1
Elbit Systems Awarded $750 Million to Supply PULS™
Rocket Artillery Systems to the Hellenic Armed Forces
Haifa, Israel, April 6, 2026 – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit
Systems” or the “Company”) announced today, further to its announcement from December 16, 2025, that as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, it was awarded a contract worth
approximately $750 million (€650 million) to supply Precise & Universal Launching System (PULS) artillery rocket systems to the Hellenic Armed Forces. The contract will be performed over a period of 4 years and will include an additional ten-year
period of follow-on support.
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. 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, and we are honored by the continued confidence shown in our advanced systems."
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 Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.
Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported $7,938.6 million in revenues for the year ended December 31, 2025 and an order backlog of
$28.1 billion as of such date.
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 Israel and the United States among
others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to
perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems
Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward‑looking statements speak only as of the date of this press release.
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.