Elbit Systems secures $235 million European rocket artillery contract
Elbit Systems announced it has been awarded a government‑to‑government contract worth about $235 million to deliver its EXTRA‑MR medium‑range rockets and PULS launchers to an undisclosed European defence ministry. The agreement runs for three years and includes logistics support and additional artillery platforms. CEO Bezhalel Machlis said the deal reinforces the company’s global leadership in rocket artillery.
Why it matters
The contract adds $235 million of revenue over the next three years, expanding Elbit’s presence in Europe and supporting its order backlog, which the company said stood at $32.0 billion. The new order may improve the firm’s near‑term earnings outlook, according to the company’s press release.
Key facts
- 1The contract value is approximately $235 million. prnewswire.com
- 2The agreement will be performed over a three‑year period. prnewswire.com
- 3The contract covers delivery of EXTRA‑MR rockets with a range of up to 80 km and PULS launchers. stocktitan.net
- 4Elbit Systems reported revenue of $2.2871 billion for the quarter ended June 30 2026. prnewswire.com
- 5The company’s order backlog was $32.0 billion as of June 30 2026. prnewswire.com
- 6Elbit employs more than 21,000 people worldwide. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.