Israel and Greece seal $750 million rocket deal after years of delays
Elbit Systems to supply PULS precision launchers as Athens accelerates military buildup.
Israel and Greece have signed a $750 million arms deal under which Elbit Systems will supply the Greek Ministry of Defense with PULS precision rocket systems. The agreement, finalized after lengthy negotiations, includes dozens of launchers and rockets with ranges of 40 to 300 kilometers.
The deal has been under discussion for more than two and a half years, with progress delayed by the ongoing war in the Middle East. After receiving approval from the Greek parliament late last year, it was formally signed today by Yair Koles, head of the Defense Export Division at Israel’s Ministry of Defense, and Ioannis Bouras, head of the General Directorate for Defense Procurement and Armaments at the Greek Ministry of Defense. Udi Vered, CEO of Elbit Systems’ land division, was also present at the signing.
This is a government-to-government (G2G) agreement, designed to streamline bureaucratic and regulatory processes that typically slow defense deals. Under this framework, both governments guarantee implementation, including delivery schedules and payment terms. According to the Ministry of Defense, Elbit will serve as the prime contractor, overseeing production and delivery of the systems over the next four years. The company will also provide maintenance and support services for a decade following delivery.
The deal includes industrial cooperation, with some components to be manufactured by Greek defense industries.
From Greece’s perspective, the purchase is part of a broader military buildup amid rising tensions with Turkey and preparations for potential future conflict. The PULS systems are intended to enhance precision strike capabilities and overall firepower. Elbit has previously sold similar systems to countries including Serbia, Denmark, Germany, and the Netherlands, while in Israel they are operated by the IDF Artillery Corps.
The strengthening defense relationship between Israel and Greece has also been reflected in additional recent agreements. In recent weeks, the Greek parliament approved another major procurement deal worth approximately €3.5 billion for Israeli air defense systems, including Barak MX from Israel Aerospace Industries and systems from Rafael Advanced Defense Systems. Three years ago, Greece also purchased Spike anti-tank missiles from Rafael in a deal valued at approximately €370 million.
