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Stop CPP investments in firms selling military, police, spy or prison-related products to Israel


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:
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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
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:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


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.


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Social Responsibility Full Report

Elbit Systems Ltd.

Top 100 Defense Contractors, Defense News

Contracts to Elbit Systems Ltd.

5 Best Foreign Company Ethics Programs

Elron Electronic Industries

Unique Aerospace Prowess, Israel’s Ministry of Industry, Trade and Labor

Elbit Systems Awarded $20 Million Follow-On Contract for Israeli Air Force’s PFI ‘Snunit’ Trainer Aircraft Operation Program, Feb. 22, 2010


Advanced Combat Training System

Services & Privatization

Ruggedized Tactical Terminals

Skylark® I LE - Mini UAS

Battle Management Systems

Laser Systems

Flashlamp-Pumped Laser Designators/Rangefinders

Ground-Based Payloads

Thermal Imaging Systems

Government Contracts USA Defense Dep’t

Elbit Systems