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Last update: 2016-06-22 06:28:53
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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 employs an estimated 11,000 people globally. According to its website, Elbit Systems "focuses on designing, developing, manufacturing and integrating command, control, communication, computer, intelligence, surveillance and reconnaissance (C4ISR) network centric systems, including unmanned vehicles, for defense and homeland security applications. [They] also perform upgrade programs for airborne, land and naval defense platforms. Moreover, [they] develop and manufacture systems and aero structures for the commercial aviation market."
Elbit Systems mainly operates in the homeland security and defense arena. In recent years their business has increasingly focused on intelligence, surveillance, and reconnaissance.
Elbit Systems shares are traded on the Nasdaq National Market (NASDAQ) under the symbol "ESLT" and on the Tel-Aviv Stock Exchange (TASE).
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Advanced Technology Center
P.O.B 539, 31053 Haifa
Joseph Ackerman |
For more ownership details please click here.
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. Also:
- Elbit's armed drones are used by the Israeli army in daily surveillance and attacks in Gaza, according to Defense News.
- Elbit Hermes drones were 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.
In August 2015, campaign group Avaaz reported: "We have now been informed that since the end of last year Barclays has no beneficial ownership of any shares in Elbit Systems in any capacity, including as a hedge for client related business, nor does it hold any shares in nominee for clients. Barclays has also confirmed that it is not recommending Elbit Systems shares to clients via any trading platforms. We will keep Barclays' shareholdings in El Bit under review and stand ready to resume our campaign if needed."