Elbit Systems Secures $235 Million European Rocket Contract

By דורון אביגד

Translated & summarized from Ice by baba

BusinessNeutral tone

Hebrew · 7 newsrooms covering

Elbit Systems has won a $235 million contract to supply EXTRA-MR rockets and PULS rocket artillery systems to a European customer over three years. The deal, facilitated by a government-to-government agreement, highlights growing international demand for advanced Israeli defense capabilities. This contract is part of a trend of increased European defense spending and procurement from Israeli companies following Russia's invasion of Ukraine.

The story in 6 lines · by baba

Elbit Systems secured a $235 million contract for rockets and artillery systems from a European client.
The three-year contract involves supplying EXTRA-MR rockets and PULS rocket artillery.
The deal is a government-to-government agreement between Israel and the European nation.
Elbit Systems' CEO cited growing international demand for advanced rocket and launcher capabilities.
Europe has become a key growth market for Israeli defense exports since February 2022.
The contract follows other significant Israeli defense deals in Europe, including Arrow 3 and David's Sling.

Elbit Systems Secures $235 Million European Rocket Contract — Editorial illustration generated by baba News, not a photograph of the event.

Elbit Systems announced on Tuesday it has been awarded a $235 million contract to supply EXTRA-MR (medium-range) rockets and PULS rocket artillery systems to a European client. The deal, structured as a government-to-government agreement between Israel's Ministry of Defense and the client nation's Ministry of Defense, will be executed over three years.

Under the contract, Elbit Systems will provide the medium-range version of its supersonic EXTRA rocket system, along with PULS launchers, additional rocket artillery platforms, and integrated logistical support. The EXTRA-MR is a precision-guided rocket capable of hitting targets up to 80 kilometers away.

Bezhalel Machlis, President and CEO of Elbit Systems, stated that the contract reinforces the company's global leadership in rocket artillery and reflects growing international demand for its advanced rocket and launcher capabilities. He noted that the PULS systems and precision rocket solutions are recognized as leading in their field and have been selected by an increasing number of customers worldwide, including European nations and NATO members.

This contract follows several recent defense export deals Elbit Systems has secured in Europe, driven by European countries' efforts to rearm in response to regional threats, particularly from Russia. Europe has become a significant growth engine for Israel's defense industries since Russia's invasion of Ukraine in February 2022, prompting European nations to increase defense budgets, replenish stockpiles, and acquire various defense systems. Israel's defense industry benefits from operationally proven systems, rapid development capabilities, and major companies like Elbit Systems, Israel Aerospace Industries, and Rafael.