Greece approves €650M purchase of Israeli PULS rocket systems
Saturday, December 06, 2025 at 22:58 UTC+01:00 (+0100), Greece, Athens
News category : Geopolitical Events
On December 6, 2025, Greece’s parliament approved the purchase of 36 Israeli-made PULS (Precise & Universal Launching System) rocket artillery units in a deal worth about €650 million. Two officials with direct knowledge confirmed the decision during a closed-door session of the defense committee. This acquisition is part of a broader Greek military modernisation plan that spans through 2036, aimed at enhancing deterrence capabilities in the Eastern Mediterranean amid tensions with neighbouring Türkiye. The PULS systems, manufactured by Israel’s Elbit Systems, offer long-range precision strike capacity and interoperability with NATO systems. Local production of some components in Greece is also expected, supporting domestic industrial participation. Defence spending commitments on this scale can influence defence contractor valuations, sovereign risk assessments in regional markets, and currency flows in EUR markets as fiscal priorities solidify. Investors view such geopolitical and defence procurement moves as potential catalysts for defence equities and adjacent sectors.
Overall market impact
Light neutral market impact - strength score : 55/100
Detailed breakdown of market impact over instruments, sectors, and asset classes
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Impacted instruments :
Defense equities
Eurozone macro risk assets
EUR/USD FX
Defense contractors debt
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