Germany Advancing 5 Billion Euro Rocket Launcher Deal With Israel’s Elbit
If completed, the deal would include hundreds of rocket launchers and could increase Elbit’s order backlog by about 20 percent, strengthening the Israel-based defense contractor’s position in the European market.
The German government is advancing a deal to purchase rocket-launcher systems from Israel’s Elbit Systems for more than five billion euros (about $5.4 billion).
The PULS launcher system costs close to twenty million euros (about 21.6 million dollars) per launcher, meaning the deal could include hundreds of rocket launchers as well as the missiles fired from them.
However, the PULS system is designed to fire a wide range of missiles, including those not produced by Elbit, meaning Germany could also procure compatible munitions from other manufacturers. Bloomberg first reported the deal.
If completed, the deal would significantly strengthen Elbit’s position in the European market. The company’s main competitor in this field is the U.S.-made HIMARS system produced by Lockheed Martin. South Korea also manufactures a competing launcher system, Chunmoo, produced by Hanwha.
The PULS system has a range of up to three hundred kilometers (about 186 miles). It is manufactured by Elbit’s land systems division, formerly Israel Military Industries. Elbit has already sold the system in Europe, including to Greece, the Netherlands, Denmark and Germany.
Elbit’s current order backlog stands at more than twenty-five billion dollars, meaning a deal of this scale could increase it by roughly twenty percent.
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