New Campaign Targets Capital One for Partnership With Israeli Arms Manufacturer
Briefly

New Campaign Targets Capital One for Partnership With Israeli Arms Manufacturer
"Its involvement in such architecture mirrors its role in building similar surveillance infrastructure outside of Palestine as well. As previously reported by , Elbit has, through its subsidiary Elbit America, helped craft surveillance infrastructure at the U.S. southern border. In 2024, the Department of Homeland Security requested over $101 million to fund the installation of 307 new surveillance towers across the U.S.-Mexico border within the next decade. Elbit was awarded $23.9 million of those funds."
"Capital One is within a consortium of six banks collectively extending a $545 million line of credit to Elbit that is set to expire in late March, according to a source familiar with the deal. Activists are demanding that the American bank cancel its share of the loan and commit to not renewing it."
"Founded in 1966, Elbit Systems supplies 80% of the weapons and equipment for the Israeli military's land forces and 85% of the combat drones used by the air force, according to the Boycott, Divestment, Sanctions (BDS) campaign."
Capital One is part of a six-bank consortium providing a $545 million line of credit to Elbit that is set to expire in late March. Organizers launched the Eject Elbit campaign targeting Capital One's partnership with Elbit Systems, and activists staged protests outside the Capital One headquarters, locking themselves to ladders and a wheelchair and blocking entrances. Activists demand that Capital One cancel its share of the loan and refuse renewal. Elbit supplies the majority of Israeli land weapons and combat drones, has helped build the West Bank barrier, and, through Elbit America, received $23.9 million for U.S. border surveillance projects.
Read at Truthout
Unable to calculate read time
[
|
]