Shut Elbit Down: Tell Canadian banks and pension plans to divest from Elbit Systems

Black background with bold red and white text:  In solidarity with Palestine Action and the Filton24: Shut Elbit Down. tell canadian banks and pension plans to divest from elbit systems

This action was planned in solidarity with Palestine Action and the Filton24. In August 2024, 24 activists were “imprisoned for alleged damage of weapons” at an Elbit facility in England. All of the Filton24 were denied bail, and many are still detained, and are set to be illegally imprisoned for up to two years before trial. Many of the political prisoners have taken drastic action in continuation of their solidarity with the Palestinian people. Eight activists chose to go on hunger strike. Three prisoners are in critical danger, with Heba Muraisi on Day 68 and Kamran Ahmed on Day 61 as of January 9, 2026. Read more here.

Elbit in the Canadian context

Canada is deeply complicit in Israel’s genocide in Palestine. Canadian institutions are also allowing and/or directly facilitating support for Elbit Systems. For instance:

  • Approximately 41 shipments were identified sent to Elbit Systems Israeli facilities from seven Canadian cities between October 2023 and July 2025. This does not include shipments from Canada to Lockheed Martin in Texas, that were eventually sent to Elbit Systems.

  • At least 14 Canadian financial institutions hold investments in Elbit Systems.* This includes BMO ($7.3M), CIBC ($1.4M), National Bank of Canada ($400K), RBC ($2.6M), Scotiabank ($84.1M), and TD ($6M). CIBC, National Bank of Canada, RBC, and TD all increased their investments between the current and previous period.

    • This also includes two pensions, PSP Investments ($8.5M) and OMERS ($800K). Notably, PSP increased its investments from the previous quarter. La Caisse previously held investments in Elbit, but divested as of June 30, 2025.

    • Several investment advisors / hedge funds also have holdings in Elbit including BlackRock Asset Management Canada ($14.7M), Manulife Investment Management ($6.2M), State Street ($5.2M), Envestnet Asset Management ($2M), Fidelity Canada ($100K), and Global X Investments Canada ($100K). All but BlackRock slightly increased their investments this quarter.

  • GeoSpectrum Technologies is a Canadian-based Elbit subsidiary, incorporated in Nova Scotia. GeoSpectrum develops acoustic systems for “maritime surveillance and exploration.”

  • The Canadian government established 8 contracts with Elbit Systems and/or its subsidiaries in 2025 alone. This was more than in 2023 and 2024 combined. These 8 contracts are worth nearly $4 million. 3 of the contracts were for National Defense, with the remainder for Transport Canada or Fisheries and Oceans Canada. The largest contract was worth nearly $2 million and was for ammunition from Sparton, a US-based subsidiary.

Shut Elbit down in Canada

It is past time for Canada to cut all ties with Elbit Systems and its subsidiaries. In line with the July 2024 ICJ Advisory Opinion and the subsequent UN Commission Paper, international law requires Canada to:

  • Cease transfer / trade of any and all military goods (including but not limited to equipment, weapons, munitions, parts, components, dual use items and technology) until it can confirm that they are not “contributing to maintaining the unlawful occupation or to the commission of war crimes or genocide.”

  • Examine all private enterprises and organizations including “trading firms, manufacturing enterprises, investment funds and banks facilitating money transfers” and “take all reasonable measures to prevent the activities, such as revoking a corporation’s articles of incorporation or revoking a non-profit organization’s registration in that State” if these activities maintain the unlawful occupation or contribute to the commission of war crimes or genocide.

As noted by Special Rapporteur Francesca Albanese, corporations are legally responsible and can (and must) be held to account. This includes key financial enablers including investments by entities like BlackRock, global insurance companies, and pension funds.

Call to action

In solidarity with the Filton24 and those on hunger strike, we call on individuals and organizations to take action in opposition to Elbit Systems and the imperial states’ attempts to criminalize and kill those fighting for safety and liberation.

  1. Send a letter to Canadian banks and pensions AND another to Public Services and Procurement Canada

  2. Send the hunger strikers letter to demand the UK government respond to the prisoners’ demands: Link

  3. Follow and amplify @prisoners4palestine



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