Greece close to buying Elbit rocket launchers - report

PULS Artillery rocket launcher credit: Elbit Systems
PULS Artillery rocket launcher credit: Elbit Systems

According to Greek newspaper "Kathimerini", the deal will amount  to €500-700 million.

Greece is close to buying 40 PULS multiple rocket launchers from Elbit Systems, in a deal that will amount to €500-700 million, the website of Greek newspaper "Kathimerini" reports. The purchase is intended to deter Turkey in the Evros region, which borders Turkey, and in the islands in the Aegean Sea.

Greek Minister of National Defense Nikos Dendias, who has had a close relationship with Israeli governments for several years, is expected to present a large procurement program in February that will be spread over the next twelve years. As early as this year, the Greek government seeks to start strengthening the country’s artillery capabilities, and is expected to present a plan to the relevant parliamentary committee in the current quarter.

A senior military source who spoke to Kathimerini said that Greece aimed to develop artillery capabilities of up to a range of 300 kilometers. He said that the selection process was at an advanced stage, and that Elbit’s PULS was the leading candidate. The system can launch unguided rockets, precision munitions, and missiles at various ranges. The launcher is fully adaptable to existing platforms, whether wheeled or tracked, which considerably reduces the cost of maintenance and training.

The Greek military plans to buy six types of ammunition for the European version of the PULS launcher (Euro PULS), which will enable it to threaten targets between 35 and 300 kilometers distant. The Greeks also seek to buy Elbit’s SkyStriker loitering munition, which can be launched from the same launcher to a range of up to 100 kilometers and can carry a warhead of 5-10 kilograms.

Turkey’s hostility to both Greece and Israel has led to closer defense cooperation between the two countries in the past few months. This is reflected in talks on creating a multi-layered aerial defense array based on Israeli systems. Greek business website NewMoney recently reported that Greece has sought price estimates for Israel Aerospace Industries’ Barak MX integrated radar and air defense system and Rafael’s SPYDER. Neither system is in use by the IDF. The David’s Sling medium to long-range air defense system, jointly developed by Rafael and US company Raytheon, which is in use in Israel and has been sold to Finland, does not appear in the report, but since Greece seeks a three-layer air defense system, it can be expected to be included in any deal.

Published by Globes, Israel business news - en.globes.co.il - on January 5, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

PULS Artillery rocket launcher credit: Elbit Systems
PULS Artillery rocket launcher credit: Elbit Systems
Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft  credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018