Stocks rise for Israeli drone-maker as Gaza slaughter continues

Dispatches from the Underclass

As Israel ruthlessly destroys the besieged Gaza Strip, its largest developer of military technology, Elbit Systems, is benefitting from the bloodshed.

US-traded shares of Elbit have climbed 6.1 percent since 8 July, when Israel began its latest offensive against the Gaza Strip.

According to Bloomberg BusinessWeek, Israel’s three-week long massacre of 1,200 Palestinians in Gaza, including nearly 300 children, “has pushed [Elbit’s] stock close to the highest level since 2010 while its valuation on a price-to-earnings basis is near the most expensive in five years.”

The rising stock is driven by speculation that the Haifa-based company will see increasing demand for its products from both the Israeli and foreign governments impressed by Elbit’s blood-soaked performance in Gaza.

Palestine is a laboratory

Like most Israeli military contractors, Elbit benefits from Israel’s decades-long brutal occupation of Palestine, which serves as a laboratory for Israel’s ballooning “homeland security” industry to test…

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