Israel, Netherlands sign $305 million defence export deal

The Israeli and Dutch Defence Ministries signed a $305 million export deal for artillery rocket systems from Israel's Elbit Systems (ESLT.TA), Israel's Defence Ministry said on Thursday.

"This is the first government-to-government defence exports agreement signed between Israel and the Netherlands and one of the largest agreements signed between Israel and a European country in the past years," the ministry said, Reuters reports.

The ministry said it will supply Elbit's PULS artillery rocket systems to the Royal Netherlands Army in the five-year contract.