Elbit Systems' alleged complicity in the assault on Gaza
"ELBIT SYSTEMS' COMPLICITY IN THE ASSAULT ON GAZA 2014", Nov 2014
Over the summer months of 2014, Elbit has reaped an unprecedented profit and made large increase in its sales. This increase coincided with the brutal Israeli assault on the Gaza Strip in the summer of 2014 in addition to the Israeli military campaign of June 2014 in the West Bank. Due to its lethal performance in Gaza, the company has earned an international reputation, which helped seal additional contracts with other countries and their respective militaries around the world.
In the month of July 2014 alone, during the peak of the assault on the Gaza Strip, Elbit’s profits increased by 6.1%. This is the highest level of increase since 2010 for the company and its valuation on a price-to-earnings basis is near the most expensive in five years. Notabely, Elbit’s ‘Hermes’ drone is one of the most widely used products by the Israeli Army, particularly in the Gaza Strip. The Hermes 450 can carry upto two medium range missiles and has been heavily deployed against civilians in Gaza during the assault this summer in particular.