Elbit Wins $260 Million Contract to Supply Rocket Systems to NATO Member State

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Elbit Systems has won a contract worth about $260 million to supply PULS artillery rocket launcher systems and munitions to a European state that is a NATO member. The contract will be carried out over five years. The PULS system enables launching of rockets, precision-guided munitions and missiles with different ranges, and can be installed on existing wheeled and tracked platforms.

Elbit CEO Bezalel Machlis said the contract reflects demand for the system among European customers and the company's long-term partnerships. The name of the country was not published.

This is the company's second contract within a month. Just last month, Elbit won a similar contract worth $235 million, and in April this year it signed a $750 million deal with Greece. The company's order backlog stood at $32 billion at the end of June, and the company's shares have risen more than 25% since the beginning of the year on the Tel Aviv Stock Exchange.