Elbit Systems announced on Monday that it has secured a contract worth approximately $750 million to provide Precise and Universal Launching System (PULS) rocket artillery to Greece.
The deal was finalized as a government to government agreement between the Defense Ministry and the Hellenic Ministry of National Defense.
The four-year long contract will include an additional “ten years of follow-on maintenance and support services” according to Elbit.
Also included is the delivery of PULS launchers along with a diverse munitions package. This package consists of training rockets, operational precision-guided rockets for various ranges, and loitering munitions.
The PULS system is designed to launch both unguided and guided projectiles. Elbit noted that the launchers are pod-agnostic, meaning they can be integrated onto various wheeled or tracked vehicles already in use by the Greek military, which the company claims reduces long-term training and maintenance costs.
Under Greek government policy, Elbit will partner with local Greek defense industries to produce the systems. This arrangement includes a transfer of technology and technical know how to domestic Greek firms.
“Greece joins additional NATO countries that have selected the PULS system,” Elbit CEO Bezhalel Machlis said, adding that the project further strengthens the longstanding and successful cooperation between the company and the Hellenic Ministry of National Defense.
The PULS deal is the latest in a series of defense and security investments and cooperation between Israel and Greece that span both the public and private sectors.
Over the past decade, the two countries have deepened their diplomatic ties and security cooperation.
In 2021, the two nations signed a $1.65 billion government to government agreement for Elbit Systems to establish and operate an International Flight Training Center for the Hellenic Air Force in Kalamata. This was the largest defense procurement deal between the two countries at the time.
More recently, the two ministries have discussed the acquisition of an Israeli-made multi layered air defense system to counter unmanned aerial vehicles (UAVs) and missile threats. In 2023, Greece also signed a $428 million deal to acquire Spike anti-tank guided missiles from Israeli defense tech firm Rafael Advanced Defense Systems.
Beyond investment in defense tech, the Hellenic Air Force and Israel Air Force annually participate in joint exercises like “Iniochos” in Greece and “Blue Flag” in Israel. These drills focus on electronic warfare, air to ground strikes, and combat search and rescue.