Elbit Systems Wins $750 Million Contract to Supply Greece With Artillery Rocket Systems

MT Newswires Live
04/06

Elbit Systems (ESLT) said Monday it has won a four-year contract worth about $750 million to supply its Precise & Universal Launching System artillery rocket systems to Greece's military.

The contract, which includes an additional 10-year period of follow-on support, is part of a deal between Israel's Ministry of Defense and Greece's Ministry of National Defense, the company said.

Elbit said it will collaborate with local Greek industries to produce the systems, including technology transfer and knowledge sharing.

Shares of the company were up 2.1% pre-bell.

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