Elbit Wins $260 Million NATO Contract for Rocket Artillery Systems
An unnamed European NATO member will receive PULS launchers and munitions under a five-year contract, the Israeli defense company said.
Elbit Systems has won a contract worth about $260 million to supply rocket artillery systems and munitions to a European NATO member country, the Israeli defense company announced Thursday.
The contract covers Elbit's Precise & Universal Launching System, known as PULS, and will be carried out over five years. The company did not identify the customer or disclose the number of launchers included.
PULS can launch unguided rockets, precision-guided munitions and missiles with different ranges, according to Elbit. The launcher can be adapted to existing wheeled and tracked vehicles rather than requiring a single dedicated platform.
Elbit said that compatibility can reduce maintenance and training costs for customers. Those are the company's claims about its system, not independent findings released with the contract announcement.
The order adds to the company's business supplying European and NATO armed forces as governments invest in military equipment and modernization.
Elbit President and CEO Bezhalel Machlis said the contract reflects continued demand from European customers. The announcement did not provide a delivery schedule beyond the five-year performance period.