This from the Electronic Intifada in February:
Despite Israel’s oppressive tactics against it, the boycott, divestment and sanctions (BDS) movement has marked additional victories with many institutional investors divesting from or blacklisting Israeli military contractor Elbit Systems. One of the largest Dutch pension funds told The Electronic Intifada today that it is selling off its shares in Elbit.
The wave of divestment follows campaigning by Palestinian organizations and international solidarity activists to divest from companies profiting from the Israeli occupation.
A crucial role was played by the Palestinian Stop the Wall Campaign in convincing the Norwegian State Pension Fund to divest from Elbit Systems last September. In response, Israel detained campaign activist Mohammad Othman after he returned from a trip to Norway where he met Minister of Finance Kristin Halvorsen. Subject to office raids and its activists arrested, Stop the Wall has become a key target of Israeli attempts to suppress the nonviolent movement BDS. However, these repressive tactics haven’t stopped the BDS momentum.
In early September, Norway’s Minister of Finance Kristin Halvorsen announced that the Norwegian State Pension Fund had sold its shares in Elbit, worth $5.4 million. The pension fund’s Council on Ethics assessed that investments in Elbit constitute an unacceptable risk of contributing to serious violations of fundamental ethical norms because of the company’s involvement in the construction of Israel’s wall in the occupied West Bank. “We do not wish to fund companies that so directly contribute to violations of international humanitarian law,” Halvorsen explained.
According to the Who Profits from the Occupation? website, a subsidiary of Elbit also supplies the Israeli army with unmanned aerial vehicles (UAV) to the Israeli army. These UAVs, better known as drones, are used during Israeli military attacks in the occupied West Bank and Gaza Strip.
Elbit Systems Ltd won a $300 million contract on Monday to supply the Australian Army with command-and-control systems for its ground forces. The system will be similar to the Tzayad C4I system recently inaugurated by the IDF Ground Forces Command.
Under the contract with the Australians, Elbit will provide capabilities that will increase the commander’s battlespace awareness, automate combat messaging and assist in the execution of operations. Installation of the system on military vehicles, as well as the portable version carried by infantry commanders, will significantly reduce the risk of friendly fire incidents.