Elbit


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Elbit Systems	Canada Pension Plan (CPP) Investment in 2011 = $2 million		This is the online version of "Profiting from Israeli Apartheid: Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)" (Here's a coupon to subscribe, renew, order copies or make a donation to COAT. To pay online, use the "Transfer Funds" button at the COAT homepage.)
	Investments in Elbit by other Top Canadian Pension Funds:		Take action! Find out what you can do to help this campaign.
	Caisse	$1,288,000
	Total = $3,288,000
As Israel’s largest war industry, Elbit is fiercely proud of its "Corporate Responsibility Policy." As proof that it is a "good corporate citizen and an advocate for social and environmental responsibility," Elbit points to its design, creation and production of weapons systems. Elbit promotes its contribution to world peace, by saying that the first "key element" of its Corporate Responsibility Policy is "Leveraging …our core technological knowledge, skills, capabilities and innovation to make the world a safer place." However, Elbit’s "knowledge, skills, capabilities and innovation" are almost exclusively devoted to refining the technologies of war. In fact, only 5% of Elbit’s business is non-military. With annual military revenues weighing in at US$2.5 billion, Elbit currently ranks as the world’s 33rd largest military contractor. Although Elbit’s weapons systems are extensively used by Israel’s military forces, they are also widely exported. One of its foreign customers, the US government, purchased US$560 million worth of Elbit’s products between 2000 and 2009. Of these, 100% were for US military departments and agencies. In amazing disregard for what Elbit actually produces (and how Israel uses them), the Ethisphere Institute ranked Elbit as the single most ethical foreign firm dealing with the US government in 2008. Urged on by Israel’s then-Deputy Defence Minister, Shimon Peres, the company began in 1966 as Elbit Computers Ltd. It was a joint venture between the Israeli military’s Research Institute and Elron Electronic Industries, which was founded by a former Motorola employee and funded by Israel’s Discount Investment Corp. (DIC). (See Motorola in table "CPP Investments.") Through a subsidiary, Cyclone Aviation Products, Elbit upgrades many varieties of warplanes (including the F-4, F-5, F-15, F-16 and MiG-21 fighter aircraft), military helicopters (such as the CH-53, AH-1W, Super Puma) and the V-22 tiltrotor aircraft. The Israeli Air Force arsenal includes all of these except the F-5, MiG-21 and Super Puma, while the V-22 is near the top of Israel’s shopping list. Elbit produces "Hermes" 450 and 900 drones. Israel has used these unmanned aerial vehicles for reconnaissance and air strikes in the West Bank, Gaza, Lebanon (2006) and Sudan (2009). Elbit also makes electronic systems for air-, land- and sea-based weapons, including Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance systems, electro-optics and electronic warfare systems. Other Elbit products used by Israel’s military include: l Computers, helmet-mounted systems and display systems for F-16s. l Advanced combat training systems for fighter aircraft. l Light trainer aircraft. l Fire control systems and thermal imaging sights for weapons in Israel’s main battle tanks. l Support services for warplanes and helicopters (repair, maintenance and spare parts). l Enhanced tactical computers for armoured vehicles, howitzers and mortars, multiple-launch rocket systems and attack helicopters. l Skylark, a "highly-covert" drone that "supports open area as well as urban warfare scenarios," and is "battle-proven" by Israel’s military, as well as in Iraq and Afghanistan. l Battle management systems for sensors and weapon systems within combat-vehicles. l Cutting-edge laser systems for air, ground and naval uses that "have been tested and proven in combat for more than three decades." l Laser designators/rangefinders for ground, naval, aircraft and unmanned aerial platforms. l Ground-based payloads, for day-and-night scanning, tracking, range measurement, aiming and targeting. l Thermal imaging systems. These electro-optical, infrared, night-vision technologies fulfil surveillance tasks for air, sea, ground, "homeland defense and anti-terror applications." Elbit’s products include cameras, long range sensors, clip-on night sights, elbow sights and night-driving systems. Data obtained by the Coalition to Oppose the Arms Trade (COAT) from the "Government Contracts USA Defense Department" database, shows that between 2001 and 2003, an Elbit subsidiary supplied components for AH-64 "Apache" helicopters. Elbit’s electro-optical subsidiary, Elop Ltd., received about US$1.2 million in contracts from US Aviation and Missile Command to provide a various electrical and electronic components for AH-64s. The US exported this variety of attack helicopter to Israel which has then used them in attacks on Lebanon (2006) and Gaza (2008-2009). Elbit is also one of two suppliers of the electronic detection fence which is part of Israel’s separation barrier in the occupied West Bank. Two of Elbit’s subsidiaries, Elop and Elbit Security Systems (Ortek), supplied the Long-Range Reconnaissance and Observation System (LORROS) surveillance system for the Ariel and A-ram sections of the separation barrier. (LORROS uses cameras made by Sony. (See Sony in table "CPP Investments.") Elbit is also involved in building the Masu’a system to monitor the Jerusalem Envelope section of Israel’s separation wall. To get this contract, Elbit teamed up with Detekion, a US firm.				COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products. To read COAT's research on the first half of these 68 companies, click the pdf links below to see the print version of Issue 66. Or, click each company name for the web version.) (Articles on the second set of 34 companies are in Issue #67 of Press for Conversion!):
				pdf 3M Co pdf Amdocs Ltd pdf Analog Devices Inc pdf AT&T pdf BAE Systems pdf Bank Hapoalim pdf Bezeq pdf Bharat Electronics Ltd pdf CAE Inc pdf Carlyle Group pdf Caterpillar Inc pdf Cellcom Israel pdf Cemex pdf Cisco Systems pdf CRH plc pdf Daewoo Engineering & Construction pdf Daimler AG pdf Delek Group pdf Dell Inc pdf Discount Investment Corp pdf Doosan Corp pdf Eaton Corp pdf Elbit Systems pdf EMC Corp pdf Evraz Group pdf Fiat Industrial pdf Fiat SpA pdf Finmeccanica pdf Fujitsu Ltd pdf Hewlett-Packard Co pdf Hitachi Ltd pdf Honeywell International pdf Hyundai Motor Co pdf Hyundai Heavy Industries Additional resources from this issue: Israeli Spy Companies: Verint and Narus State-owned Israeli War Industries: IAI, IMI and Rafael Vertex Venture Capital: Investing in Israeli High-Tech Companies Table listing CPP Investments Poster Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex. Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT. *Social Networking - Facebook* Stir things up with friends by joining our Facebook group: *"Stop Canada Pension Plan Investments in Israeli Apartheid"*
References Social Responsibility Full Report www.elbitsystems.com/elbitmain/pages/FullReport.asp Elbit Systems Ltd. http://duns100.dundb.co.il/ts.cgi?tsscript=comp_eng&duns=514421098 Top 100 Defense Contractors, Defense News www.defensenews.com Contracts to Elbit Systems Ltd. www.fedspending.org/fpds/search.php 5 Best Foreign Company Ethics Programs http://ethisphere.com/5-best-foreign-company-ethics-programs Elron Electronic Industries http://en.wikipedia.org/wiki/Elron_Electronic_Industries Unique Aerospace Prowess, Israel’s Ministry of Industry, Trade and Labor www.moital.gov.il/CmsTamat/Rsrc/ICA/Industrial_cooperation_in_israel2011-2012/artical3.html Elbit Systems Awarded $20 Million Follow-On Contract for Israeli Air Force’s PFI ‘Snunit’ Trainer Aircraft Operation Program, Feb. 22, 2010 http://ir.elbitsystems.com/phoenix.zhtml?c=61849&p=irol-newsArticle&ID=1393398&highlight= F-16 www.elbitsystems.com/elbitmain/area-in2.asp?parent=169&num=170&num2=170 Advanced Combat Training System www.elbitsystems.com/elbitmain/area-in2.asp?parent=76&num=315&num2=315 Services & Privatization www.elbitsystems.com/elbitmain/area-in2.asp?parent=1&num=20&num2=20 Ruggedized Tactical Terminals www.elbitsystems.com/elbitmain/area-in2.asp?parent=4&num=46&num2=46 Skylark® I LE - Mini UAS www.elbitsystems.com/elbitmain/area-in2.asp?parent=3&num=279&num2=279 Battle Management Systems www.elbitsystems.com/elbitmain/area-in2.asp?parent=4&num=41&num2=41 Laser Systems www.elbitsystems.com/elbitmain/area-in2.asp?parent=6&num=59&num2=59 Flashlamp-Pumped Laser Designators/Rangefinders www.elbitsystems.com/elbitmain/area-in2.asp?parent=59&num=144&num2=144 Ground-Based Payloads www.elbitsystems.com/elbitmain/area-in2.asp?parent=111&num=167&num2=167 Thermal Imaging Systems www.elbitsystems.com/elbitmain/area-in2.asp?parent=6&num=58&num2=58 Government Contracts USA Defense Dep’t www.governmentcontractswon.com Elbit Systems www.whoprofits.org/Company%20Info.php?id=554