Profits have plummeted at an Israeli arms firm targeted by Palestine Action.
by Huda Ammori
Part 5 - Elite KL
With its falling profits and turnover, UAV Engines is on the same trajectory as a former Elbit subsidiary, Elite KL, which they sold in March.
It made parts for Israeli military tanks, until Palestine Action intervened.
Regular roof top occupations at Elite KL’s factory across 2021-22 led to significant disruption and damages.
One action saw the roof tiles ripped off one by one, and by the time the activists were taken down, rain began to destroy the contents inside the arms factory.
Due to the direct action against Elite KL, the company closed their production for a few months to rebuild the site with the highest security protocols.
It made parts for Israeli military tanks, until Palestine Action intervened.
Regular roof top occupations at Elite KL’s factory across 2021-22 led to significant disruption and damages.
One action saw the roof tiles ripped off one by one, and by the time the activists were taken down, rain began to destroy the contents inside the arms factory.
Due to the direct action against Elite KL, the company closed their production for a few months to rebuild the site with the highest security protocols.
Fencing was built across the premises, shutters were placed on the windows and the roof was rebuilt.
The security costs reflected an increase of administrative expenses by nearly £700,000 and a 77% reduction in profits.
Ultimately, the poor financial position led to Elbit Systems UK selling off the subsidiary.
The new owners of the firm stopped all production of parts for Israeli tanks and instead focused on making parts for public transport.
There’s a reason for the phrase ‘direct action gets the goods’ and that’s because it’s true.
The security costs reflected an increase of administrative expenses by nearly £700,000 and a 77% reduction in profits.
Ultimately, the poor financial position led to Elbit Systems UK selling off the subsidiary.
The new owners of the firm stopped all production of parts for Israeli tanks and instead focused on making parts for public transport.
There’s a reason for the phrase ‘direct action gets the goods’ and that’s because it’s true.
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