Elbit Systems Awarded $750M Contract by Hellenic Ministry of Defense
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2026
0mins
Should l Buy ESLT?
Elbit Systems announced, 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 $750M to supply Precise & Universal Launching System 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.
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Analyst Views on ESLT
Wall Street analysts forecast ESLT stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 899.000
Low
531.00
Averages
553.67
High
580.00
Current: 899.000
Low
531.00
Averages
553.67
High
580.00
About ESLT
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs. In addition, it provides a range of support services. The Company's activities include military aircraft and helicopter systems; helmet mounted systems; commercial aviation systems and aerostructures; unmanned aircraft and unmanned surface vessels; land vehicle systems; command, control, communications, computer and intelligence (C4I) systems; intelligence and cyber systems; electro-optic and countermeasures systems; electronic warfare and signal intelligence systems, and various commercial activities. It operates primarily in the defense and homeland security arenas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Defense Budget Hits Record High, Surge in Autonomous Systems Procurement
- Record Defense Budget: The FY2026 U.S. defense budget has reached $1 trillion, with a FY2027 request of $1.5 trillion representing a 44% increase over FY2026, indicating a strong commitment to defense spending that is expected to drive market demand for related defense companies.
- Surge in Autonomous Systems Procurement: The U.S. Department of Defense plans to purchase over 200,000 autonomous systems by 2027, responding to urgent needs for sensor-rich, AI-driven platforms, particularly in countering emerging aerial threats and enhancing persistent surveillance capabilities.
- Major Contract Awards: Elbit Systems has secured a contract worth approximately $750 million to supply precision rocket systems to the Hellenic Armed Forces, reflecting an increase in international defense cooperation and sustained demand for high-tech weapon systems.
- Technological Innovation and Market Opportunities: VisionWave Holdings has received its first defense order from Latin America, showcasing the market potential of its AI-driven technology platform, while also signing a memorandum of understanding with a U.S. Tier-1 defense contractor, further solidifying its position in the global defense market.
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Elbit Systems to Supply Drones to Romania Under $428.75M Contract
- Contract Value: Israeli defense contractor Elbit Systems has signed a contract valued at 1.89 billion lei (approximately $428.75 million) to supply Romania with seven Watchkeeper X drone systems, indicating strong international demand for the company's offerings.
- Delivery Timeline: Originally set to begin in 2025, the delivery schedule has come under scrutiny as Romania's defense minister warned that the deal could be scrapped if progress does not improve, highlighting the urgency and significance of the project.
- Production and Testing: Elbit stated that despite disruptions from the current security situation in Israel, the program remains a priority, with final acceptance testing of the drone systems expected to occur in Romania later this month, pending regulatory approval for delivery.
- Geopolitical Context: As a member of both the EU and NATO, Romania faces security threats from its border with Ukraine, having reported multiple incidents of drones entering its airspace, making the delivery of these drone systems particularly critical for enhancing national defense capabilities.
See More
Elbit Systems Secures $750M Contract for PULS Rocket Systems
- Significant Contract Value: Elbit Systems has secured a $750 million contract to supply Greece with PULS rocket systems, including launchers, precision rockets, and training ammunition, which is expected to significantly boost the company's revenue growth.
- Long-term Partnership: The deal spans four years and includes an additional ten-year support contract, indicating a strong long-term partnership between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, enhancing strategic cooperation in defense.
- Market Demand Response: This contract aligns with Elbit Systems' plan to invest $300 million in capital expenditures in 2026 to meet surging market demand and address a record backlog of $28.1 billion.
- Optimistic Business Outlook: With the implementation of this contract, Elbit Systems is expected to further solidify its position in the global defense market, particularly in Europe, enhancing its competitiveness and business sustainability.
See More
Elbit Systems Secures $750 Million Contract with Hellenic Armed Forces
- Significant Contract Value: Elbit Systems has been awarded a $750 million contract by the Hellenic Armed Forces, stemming from a defense agreement between Israel and Greece, indicating a deepening military collaboration between the two nations.
- Long Delivery Period: The contract encompasses a four-year delivery timeline along with an additional ten years of follow-on support, ensuring long-term business stability and a continuous revenue stream for Elbit in the Greek market.
- Diverse Product Offering: The contract includes launchers, training rockets, precision-guided munitions, and loitering munitions, showcasing Elbit's technological prowess and the richness of its product line in the high-end military equipment sector.
- Local Production Collaboration: Part of the production will be carried out in collaboration with Greek industries, which not only boosts the local economy but also enhances Elbit's competitiveness and influence in the Greek market.
See More
Elbit Systems Secures $750 Million Defense Contract with Greece
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $750 million with the Israeli and Hellenic Ministries of Defense, expected to be executed over four years, indicating strong demand and growth potential in the international defense market.
- Supplied Systems Details: The contract includes the provision of Precise & Universal Launching System (PULS) artillery rocket systems along with a munition package that features training rockets, precision-guided rockets for various ranges, and loitering munitions, enhancing the operational capabilities of the Hellenic Armed Forces.
- Positive Market Reaction: In pre-market trading on NasdaqGS, Elbit shares rose by 2.7% to $913.00, reflecting investor optimism regarding the new contract and its implications for future growth.
- Deepening Strategic Cooperation: This contract not only solidifies Elbit's position in the Greek market but may also open new opportunities for defense collaborations with other countries, further advancing the company's international expansion strategy.
See More
Elbit Systems Secures $750 Million Contract with Greece
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $750 million (€650 million) with the Hellenic Ministry of National Defense to supply Precise & Universal Launching System (PULS) artillery systems, expected to be delivered over four years with an additional ten years of support.
- System Advantages: The PULS system is capable of launching unguided rockets and precision-guided munitions, adaptable to existing wheeled and tracked platforms, which significantly reduces maintenance and training costs while enhancing the operational capabilities of the Greek Armed Forces.
- Local Collaboration: In line with Greek government policy, Elbit Systems will collaborate with local industries for technology transfer and knowledge sharing, fostering the development of Greece's defense industry and strengthening strategic ties between the two parties.
- Increased Market Confidence: The CEO of Elbit Systems noted that this contract further solidifies the longstanding cooperation with the Hellenic Ministry of National Defense, and the selection of the PULS system by multiple NATO countries underscores its effectiveness and versatility in meeting modern artillery requirements, enhancing the company's reputation in the international market.
See More
U.S. Defense Budget Hits Record High, Surge in Autonomous Systems Procurement
- Record Defense Budget: The FY2026 U.S. defense budget has reached $1 trillion, with a FY2027 request of $1.5 trillion representing a 44% increase over FY2026, indicating a strong commitment to defense spending that is expected to drive market demand for related defense companies.
- Surge in Autonomous Systems Procurement: The U.S. Department of Defense plans to purchase over 200,000 autonomous systems by 2027, responding to urgent needs for sensor-rich, AI-driven platforms, particularly in countering emerging aerial threats and enhancing persistent surveillance capabilities.
- Major Contract Awards: Elbit Systems has secured a contract worth approximately $750 million to supply precision rocket systems to the Hellenic Armed Forces, reflecting an increase in international defense cooperation and sustained demand for high-tech weapon systems.
- Technological Innovation and Market Opportunities: VisionWave Holdings has received its first defense order from Latin America, showcasing the market potential of its AI-driven technology platform, while also signing a memorandum of understanding with a U.S. Tier-1 defense contractor, further solidifying its position in the global defense market.
See More
Elbit Systems to Supply Drones to Romania Under $428.75M Contract
- Contract Value: Israeli defense contractor Elbit Systems has signed a contract valued at 1.89 billion lei (approximately $428.75 million) to supply Romania with seven Watchkeeper X drone systems, indicating strong international demand for the company's offerings.
- Delivery Timeline: Originally set to begin in 2025, the delivery schedule has come under scrutiny as Romania's defense minister warned that the deal could be scrapped if progress does not improve, highlighting the urgency and significance of the project.
- Production and Testing: Elbit stated that despite disruptions from the current security situation in Israel, the program remains a priority, with final acceptance testing of the drone systems expected to occur in Romania later this month, pending regulatory approval for delivery.
- Geopolitical Context: As a member of both the EU and NATO, Romania faces security threats from its border with Ukraine, having reported multiple incidents of drones entering its airspace, making the delivery of these drone systems particularly critical for enhancing national defense capabilities.
See More
Elbit Systems Secures $750M Contract for PULS Rocket Systems
- Significant Contract Value: Elbit Systems has secured a $750 million contract to supply Greece with PULS rocket systems, including launchers, precision rockets, and training ammunition, which is expected to significantly boost the company's revenue growth.
- Long-term Partnership: The deal spans four years and includes an additional ten-year support contract, indicating a strong long-term partnership between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, enhancing strategic cooperation in defense.
- Market Demand Response: This contract aligns with Elbit Systems' plan to invest $300 million in capital expenditures in 2026 to meet surging market demand and address a record backlog of $28.1 billion.
- Optimistic Business Outlook: With the implementation of this contract, Elbit Systems is expected to further solidify its position in the global defense market, particularly in Europe, enhancing its competitiveness and business sustainability.
See More
Elbit Systems Secures $750 Million Contract with Hellenic Armed Forces
- Significant Contract Value: Elbit Systems has been awarded a $750 million contract by the Hellenic Armed Forces, stemming from a defense agreement between Israel and Greece, indicating a deepening military collaboration between the two nations.
- Long Delivery Period: The contract encompasses a four-year delivery timeline along with an additional ten years of follow-on support, ensuring long-term business stability and a continuous revenue stream for Elbit in the Greek market.
- Diverse Product Offering: The contract includes launchers, training rockets, precision-guided munitions, and loitering munitions, showcasing Elbit's technological prowess and the richness of its product line in the high-end military equipment sector.
- Local Production Collaboration: Part of the production will be carried out in collaboration with Greek industries, which not only boosts the local economy but also enhances Elbit's competitiveness and influence in the Greek market.
See More
Elbit Systems Secures $750 Million Defense Contract with Greece
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $750 million with the Israeli and Hellenic Ministries of Defense, expected to be executed over four years, indicating strong demand and growth potential in the international defense market.
- Supplied Systems Details: The contract includes the provision of Precise & Universal Launching System (PULS) artillery rocket systems along with a munition package that features training rockets, precision-guided rockets for various ranges, and loitering munitions, enhancing the operational capabilities of the Hellenic Armed Forces.
- Positive Market Reaction: In pre-market trading on NasdaqGS, Elbit shares rose by 2.7% to $913.00, reflecting investor optimism regarding the new contract and its implications for future growth.
- Deepening Strategic Cooperation: This contract not only solidifies Elbit's position in the Greek market but may also open new opportunities for defense collaborations with other countries, further advancing the company's international expansion strategy.
See More
Elbit Systems Secures $750 Million Contract with Greece
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $750 million (€650 million) with the Hellenic Ministry of National Defense to supply Precise & Universal Launching System (PULS) artillery systems, expected to be delivered over four years with an additional ten years of support.
- System Advantages: The PULS system is capable of launching unguided rockets and precision-guided munitions, adaptable to existing wheeled and tracked platforms, which significantly reduces maintenance and training costs while enhancing the operational capabilities of the Greek Armed Forces.
- Local Collaboration: In line with Greek government policy, Elbit Systems will collaborate with local industries for technology transfer and knowledge sharing, fostering the development of Greece's defense industry and strengthening strategic ties between the two parties.
- Increased Market Confidence: The CEO of Elbit Systems noted that this contract further solidifies the longstanding cooperation with the Hellenic Ministry of National Defense, and the selection of the PULS system by multiple NATO countries underscores its effectiveness and versatility in meeting modern artillery requirements, enhancing the company's reputation in the international market.
See More
