An exhibition by the Israeli company Elbit, during which it presented a drone last month (Reuters)
The CEO of the Israeli company Elbit Military Industries, Bezalel Machlis, announced that his company’s profits fell by 22%, after the Al-Aqsa Flood operation, which was launched by the Palestinian resistance against the occupation forces in the Gaza Strip, and the subsequent declaration of war on the Gaza Strip.
Machlis stated that his company's net profits amounted to $215 million, a decrease of 22%, and attributed this to the evacuation of its factories in Kiryat Shmona in the north, and Sderot in the south, the recruitment of 2,000 of its employees and the killing of 5 workers, in addition to the closure of the activities of a subsidiary of Elbit in the United States.
He added that the company recorded a decline in its sales to the United States and Canada, and is also facing difficulties due to the ban on supplying weapons to Israel by some countries such as Canada, as well as due to the campaigns of the boycott movement (BDS).
Source: Al Jazeera + agencies