Elbit Systems (ESLT) is trading higher after announcing it was awarded a contract worth approximately $750 million (€650 million) to supply its Precise & Universal Launching System (PULS) rocket artillery systems to the Hellenic Armed Forces. The award is tied to an agreement between the Israeli Ministry of Defense and Greece’s Ministry of National Defense and expands Elbit’s footprint with a NATO customer base. (stocktitan.net)

The contract covers PULS launchers and a broad munition package, including training rockets, operational precision-guided rockets for multiple ranges, and loitering munitions. Elbit said it will also collaborate with Greek industry on production, including technology transfer and know-how sharing, aligning with local industrial participation requirements. (stocktitan.net)

Elbit expects the program to be executed over four years, followed by an additional 10-year support period—an element investors often view as improving durability of cash flows once systems are fielded. For scale, the company cited 2025 revenue of $7.94 billion and order backlog of $28.1 billion, making the $750 million award meaningful relative to annual sales and supportive of backlog momentum. (stocktitan.net)

Key swing factors include the delivery cadence over the four-year period, how much of the economics shift to local partners under Greece’s industrial participation framework, and whether similar European modernization wins follow as regional demand for rocket artillery and precision munitions remains elevated.