Elbit Systems stock: At least 12th PULS order highlights Europe

Elbit Systems has secured at least its 12th PULS rocket-artillery order since 2023, according to Calibre Defence, adding a broader European procurement angle to the contract announced on Thursday, November 12, 2026. The award is worth about 260 million US dollars and covers PULS systems and munitions for an unnamed European NATO member.

Calibre Defence published its count on Friday, November 13, and said the latest order is the 12th such award since 2023. The publication also placed the reported PULS contract value from Elbit Systems at no less than 1.6 billion US dollars for deliveries extending to 2030. That assessment provides context for the latest award, although it does not establish the revenue or margin contribution of this individual contract.

Five-year PULS supply agreement

The contract will be performed over five years. Elbit Systems has not identified the customer or disclosed the number of launchers and the volume of munitions, leaving the delivery schedule and product mix open.

PULS can launch unguided rockets, precision-guided munitions and missiles across different ranges. Its launcher can be adapted to existing wheeled and tracked platforms, which Elbit Systems says can reduce maintenance and training requirements.

Elbit Systems President and CEO Bezhalel Machlis said the continued selection of PULS by European and NATO customers reflects the system's operational maturity and versatility. He also linked the contract to long-term European partnerships and defense modernization programs.

Investor context and next steps

For investors, the order extends Elbit Systems' visible European defense activity, while the unnamed buyer and undisclosed package limit the precision of estimates for future sales timing. Elbit Systems stock traded at 635.75 euros on Lang & Schwarz at 17:14 CET on Friday, November 13, 2026.

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