2023-10-13 09:40:40 ET
Three protesters on Thursday chained themselves to the door of an office for defense contractor Elbit Systems ( NASDAQ: ESLT ) in Cambridge, Mass., NBC Boston reported. They were among about 50 other protestors who said they were against the company’s involvement in Israel’s military.
Demonstrators held signs calling for Elbit ( ESLT ) to be shut down and accusing it of profiting "from genocide." One sign showed a Palestinian flag.
The protest coincides with competing pro-Israel and pro-Palestinian demonstrations since last weekend when Hamas attacked Israel, which responded with a bombing campaign in the Gaza Strip. Israel’s military on Friday warned that residents of northern Gaza should relocate to the southern half of the territory within 24 hours, a possible sign of a pending ground invasion.
Elbit Systems ( ESLT ) is based in Haifa, Israel, and is the country's biggest defense contractor. Company revenue last year was about $5.5 billion.
"Elbit America unequivocally condemns Hamas and its barbaric acts of terrorism,” the company said in a statement Thursday. “We stand with Israel and its people as they defend their country and citizens."
Elbit’s ( ESLT ) stock rose 7% in the past five trading days through Thursday.
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Elbit Systems targeted by pro-Palestinian protesters in Boston