In this context, Fainer adds that the war in Israel is fertile ground for Elbit's developments, and estimates that its products will enjoy higher demand since they have been "successfully tested" and [proven themselves on the battlefield. "Elbit is trading at higher multiples than the sector because it is also exposed to Europe and Israel, and companies that are exposed to Europe can profit significantly from the increase in defense budgets and the scope of activity, because countries of the continent underinvested in previous years," he says. Advertisement