NATO Member State to Purchase Elbit Artillery Systems for Over $200 Million
Elbit Systems has won a contract valued at approximately $260 million to supply PULS rocket artillery systems and ammunition to a NATO member nation over five years. The PULS system offers versatile firing capabilities for various munitions. This deal is part of a recent string of successes for Elbit in Europe, driven by increased defense spending amid global tensions. The company's order backlog currently totals $32 billion.
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- Elbit Systems will supply PULS rocket artillery systems to a NATO member for approximately $260 million.
- The contract with the NATO country will be executed over a five-year period.
- The PULS system is a versatile launcher for rockets, precision-guided munitions, and missiles.
- Recent Elbit contracts in Europe are linked to increased defense spending and global tensions.
- Elbit Systems' current order backlog has reached $32 billion.
Elbit Systems announced Thursday it has secured a contract worth approximately $260 million to supply PULS rocket artillery systems and ammunition to a NATO member country. The deal is set to be executed over a five-year period.
The PULS system, described as Elbit's best-selling missile product, is a universal launcher capable of firing unguided rockets, precision-guided munitions, and missiles at various ranges, offering significant operational flexibility. It is designed to be compatible with existing wheeled and tracked platforms, aiming to reduce maintenance and training costs.
This latest contract follows a series of recent wins for Elbit Systems in Europe. The company reported a similar contract worth $235 million last month and a $750 million deal with Greece in April. These successes are attributed to increased defense budgets in European nations and their ongoing armament efforts amid global tensions and the perceived Russian threat, despite what the article notes as hostility towards Israel.
Elbit Systems' current order backlog stands at $32 billion. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, stated that the continued selection of the PULS system by European and NATO clients highlights its operational maturity, versatility, and ability to meet evolving military demands. He also emphasized the company's long-term partnerships with European clients and its role in supporting key defense modernization programs in the region.
