RADA - Abraham Accord A Blessing For Elbit Systems And RADA Electronic Industries
No Swords Into Plowshares
The Abraham Accord is designed to normalize relations between Israel and the United Arab Emirates. Nobody expects either country or others that might join the Accord, to beat their swords into plowshares. In fact, I expect the Accord will expand sales of Israel's defense contractors and generate greater profits for their investors. In particular, Israel-based Elbit Systems Ltd. (ESLT) and RADA Electronic Industries (RADA) are my favorites.
The defense industry is a relatively safe haven among industries to invest in during these turbulent times. Economies are in disarray from uncertainty and