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

"This is the first government-to-government defense 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.

The ministry said it will supply Elbit's PULS artillery rocket systems to the Royal Netherlands Army in the five-year contract. (Reporting by Ari Rabinovitch Editing by Steven Scheer)