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Home › Dodgy Deals ›
Dodgy Deal
Elbit SystemsIsrael

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2018-12-18 16:03:42
Head offices of Elbit Systems at Matam Hi-tech park, Haifa. Photo: CC BY 3.0 Zvi Roger

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2018-12-18 16:03:42
Why this profile?
About
Sectors Arms Industry and Trade, Aviation, Investigation and Security Services
Headquarters
Ownership
listed on NASDAQ OMX & Tel-Aviv Stock Exchange

For more ownership details please click here.

Subsidiaries
Website http://www.elbitsystems.com

Elbit Systems is a military equipment producer with a focus on defense electronics such as intelligence gathering systems.  It was established in 1967 and is headquartered in Haifa, Israel.  The company employed an estimated 14,000 people globally in 2016. Elbit Systems mainly operates in the homeland security and defense arena with a focus on intelligence, surveillance, and reconnaissance. The company's portfolio includes airborne, land and naval systems and products for defense, homeland security and commercial applications.

 

Impacts

Social and human rights impacts

Arming the occupation: El-Bit provides drones and military systems to Israel, that have been used to bomb Gaza. According to Corporate Watch, 85% of drones used by the Israeli military are manufactured by Elbit. Elbit's Hermes drones were for example one of the two main unpiloted aircraft used to attack people in Gaza during Israel's 2009 Operation Cast Lead attack which killed over 1,400 Palestinians, according to Human Rights Watch (HRW). 

Elbit's 7.5 Skylark mini-UAV, operational in the Israeli Army since 2008, was heavily used for support of ground military actions in Israel's 2014 attack on Gaza, Operation Protective Edge, which killed 2,191 Palestinians. The Hermes 450s and 900s were also used throughout this attack. 

Cluster munitions: In November 2018 Elbit Systems completed the acquisition of the previously state-owned Israeli cluster munitions producer IMI Systems. Cluster munitions are  prohibited by the 2008 Convention on Cluster Munitions which is signed by 120 states. They have an impact on a wide area and are therefore unable to distinguish between civilians and targets. 

Financiers
Institution type
Finance type
Year

Several institutions have fully or partly divested from Elbit Systems in recent years following pressure from campaigners for Palestinian rights and wider human rights. These include :

  • Deutsche Bank in 2010
  • Barclays in August 2015  
  • HSBC in December 2018
  • AXA in April 2019
News
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External
Blog
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New Report: Barclays - Banking on Apartheid

2022-07-14 | Campaign Against Arms Trade, Palestine Solidarity Campaign, War on Want
Blog
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SumOfUs Report Exposes French Insurer's Complicity in War Crimes

Report reveals that AXA invests in banned weapons manufacturers and banks that finance illegal Israeli Settlements
2019-07-08 | SumOfUs
BankTrack news BankTrack blog Partner news Partner blog

France investment firm AXA IM divests from Israel arms manufacturer

2019-04-18 | Middle East Monitor
BankTrack news BankTrack blog Partner news Partner blog

AXA IM divests from Elbit Systems - involved in Israeli war crimes

The campaign against AXA's problematic investments continues, as AXA remains linked to Elbit Systems through an affiliate, and AXA maintains investments in five Israeli banks.
2019-04-17 | France | BDS Movement / SumOfUs
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking giant HSBC divests from Israeli arms manufacturer following pressure from human rights campaigners

2018-12-27 | London | Palestine Solidarity Campaign, War on Want
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays divests from Elbit Systems

2015 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Barclays boycotted over Israel arms trade shares

2014-11-21 | Palestine News Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Deutsche Bank announces divestment from Elbit

2010-05-27 | Frankfurt | BDS Movement
Blog
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Deutsche Bank announces divestment from Elbit

2010 | BankTrack
Resources
Documents
Links
2017-07-03 00:00:00

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestinian people
NGO document
2017-07-03 00:00:00 | War on Want
2018-12-17 00:00:00

Worldwide investments in cluster munitions

A shared responsibility
NGO document
2018-12-17 00:00:00 | PAX, the Netherlands
2010-04-02 00:00:00

Companies Building the Wall

Other document
2010-04-02 00:00:00 | Stop The Wall
2010-04-01 00:00:00

Boycott Elbit Systems

Other document
2010-04-01 00:00:00 | Stop The Wall
2010-03-31 00:00:00

Elbit Profile

Other document
2010-03-31 00:00:00 | Jewish Voice for Peace

Photo Story

Palestinian grassroots activists: Boycott Elbit, CRH and Magal!

Current Elbit Investors

TIAA-CREF: Divest from the occupation

War Profiteer of the Month: Elbit Systems, February 2010

Article

Scandinavian financial institutions drop Elbit due to BDS pressure Adri Nieuwhof, 19 February 2010

A big thank you

by: Ilan Pappe, 4 September 2009

Investor Relations

links to annual reports and other financial filing provided
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