Tag Archives: Hamas v. Israel

How to Make Money No Matter What

Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military…Israel responded to the Oct. 7, 2023, attack led by Hamas, which killed about 1,200 people and took 251 hostages, with a military invasion that has killed more than 68,000 people in Gaza—including more than 18,000 children—according to Gaza health authorities…The fighting throughout the region has presented a fresh opportunity for defense companies in the American heartland and, to a lesser extent, tech giants on the West Coast…

The American company that has brought in the most Israeli business since the Gaza war began is Boeing. The U.S. greenlighted an $18.8 billion sale of Boeing F-15 strike fighters in 2024 to Israel for delivery beginning in 2029. In 2025, various partnerships in which Boeing plays a leading role got approval for $7.9 billion of sales of guided bombs and associated kits…The biggest defense sales approved by Washington are for jet fighters and airborne-guided bombs, reflecting the crucial role of aerial bombings in the conflict…Israel’s Eitan armored fighting vehicles, which have been used widely across Gaza, are equipped with a hull from Wisconsin-based Oshkosh and an engine made by Rolls-Royce’s U.S. unit in Michigan. Caterpillar’s D9 armored bulldozers—used to clear rubble and destroy residences and other structures in Gaza—have been ubiquitous.

In some cases, companies have faced a backlash from investors and employees over their sales to the Israeli military. In 2024, three Norwegian investment funds have sold their stakes in Oshkosh, Palantir Technologies, Caterpillar and Thyssenkrupp over the use of their products for the war in Gaza. On Oct. 1 2025, Dutch pension fund ABP—the biggest in the Netherlands, with more than $400 billion under management—sold its €387 million, or $448 million, stake in Caterpillar, citing concerns over Gaza.

In September 2025, Microsoft disabled the Israeli Defense Ministry’s access to some cloud services in response to staff protests. Before the war began, Microsoft and a partnership between Alphabet-owned Google and Amazon.com had clinched deals with Israel to provide artificial-intelligence and cloud-computing services to the military. Meanwhile, AI giant Palantir, co-founded by Trump ally Peter Thiel, entered into a partnership with the Israeli Defense Ministry in January 2024. At a May 2025 conference, Palantir Chief Executive Alex Karp responded to accusations from a protester that Israel used Palantir’s technology to kill Palestinians, saying that those who were killed were “mostly terrorists.”

American companies have also found business opportunities in responding to the humanitarian crisis sparked by the war. The U.S. State Department said in June 2025 that it had allocated $30 million to the Gaza Humanitarian Foundation, led by former Trump adviser Johnnie Moore, to oversee aid handouts. The foundation hired American contractors Safe Reach Solutions and UG Solutions to provide security for the distribution efforts, which have been beset by dysfunction and violence.

In its 2025 annual report, Lockheed Martin said it had benefited from increased American defense funding related to Israel and Ukraine, notably munitions purchases. Revenue at its missiles division rose 13% last year to $12.7 billion…Armored-vehicles maker Oshkosh said an Israeli order of tactical vehicles had extended the lifespan of a production line that was due to shut in 2024.  In its latest 2025 report, Italian contractor Leonardo, whose U.S. unit is selling tanker trailers to Israel, said its international sales should remain stable in 2025 because of “the continuing conflicts in both Ukraine and Israel.”

Excerpt from Benoit Faucon, The Gaza War Has Been Big Business for U.S. Companies, WSJ, Nov. 12, 2025

The Underground War

Israeli troops are mapping out the tunnels of eastern Rafah [December 2025], where the local Hamas brigade is trapped, and using massive drills to dig into the underground system and destroy it with explosives, according to Israeli military statements. Israel estimates there were around 100 to 200 fighters in the tunnels when the cease-fire began in October 2025…In some areas, Israel is flooding tunnels with water to push out the trapped fighters…

Rafah, where Hamas first began digging tunnels around two decades ago, has a particularly complicated underground system. Despite having full control above ground in Rafah, Israel’s military is still struggling to fully map out the underground network where the Hamas fighters are hiding…

Excerpt from Summer Said, srael Closes In on Hamas Fighters Trapped in Tunnels, Testing Cease-Fire, WSJ, Dec. 7, 2025

Underground Empires: Hamas v. Israel

Senior members of Hamas’s leadership in exile met in Doha, Qatar, earlier in February 2024 amid concerns that its fighters were getting mauled by an Israeli offensive in the Gaza Strip. Enemy troops were killing dozens of militants each day as they methodically overran Hamas strongholds. Then a courier arrived with a message from Yahya Sinwar, the head of Hamas in Gaza, saying, in effect: Don’t worry, we have the Israelis right where we want them.  Hamas’s fighters, the Al-Qassam Brigades, were doing fine, the upbeat message said. The militants were ready for Israel’s expected assault on Rafah, a city on Gaza’s southern edge. High civilian casualties would add to the worldwide pressure on Israel to stop the war, Sinwar’s message said, according to people informed about the meeting… 

Hamas fighters are now trying to avoid large firefights and instead use small-scale ambushes—using tools ranging from rocket-propelled grenades to recorded voices of hostages to lure Israeli troops into traps.  The ambushes have little chance of holding territory against Israel’s armored maneuvers. But they’re tailored to Hamas’s limited capabilities…Many in Israel’s military, from senior commanders to ordinary soldiers who spoke to The Wall Street Journal, worry that their accumulation of tactical wins on the battlefield might not add up to a lasting strategic victory. After nearly five months of intense fighting, Israel is still far from its declared war aim of eliminating Hamas as a significant military and political entity. “Fighting the enemy is like a game of whack-a-mole,” said an Israeli reservist in Khan Younis with the 98th Division….

Degrading Hamas’s capabilities is a realistic goal for Israel’s military, said Hussein Ibish, a scholar at the Arab Gulf States Institute, a think tank in Washington. But sustaining it would require fully occupying Gaza, which would give Hamas a target for a never-ending insurgency, he said. “Recent history shows that you can be an effective insurgency on a shoestring,” said Ibish. “Anyone can make an IED,” or homemade bomb, he said. “It’s easy to get a pistol. If you’re willing to die, you can kill soldiers.” 

Hamas… has shifted to hit-and-run attacks by tiny groups of two or three men, sometimes just one individual….Other Hamas ambushes use so-called sticky bombs, improvised explosives that attach themselves to Israeli armored vehicles with magnets or duct tape.…Hamas also tries to kill Israeli troops by putting booby traps in buildings throughout Gaza, many Israeli soldiers say. Booby traps have been widely found in the homes of Hamas operatives, but also in many civilians’ homes, Israeli soldiers said. Early on the explosives were placed around the buildings’ entrances. The Israelis soon stopped using the front door, instead blasting or bulldozing their way through the walls of a house. Hamas has adapted, placing explosive traps in items inside buildings, from gas storage balloons to children’s’ toys, Israeli soldiers said….In other cases, Hamas used voice recordings of hostages begging for help in Hebrew to try to draw soldiers into an ambush…

The Israelis have made only partial progress in finding and destroying Hamas’s vast tunnel network. Israeli officials now estimate that Hamas built around 350 miles of tunnels under Gaza, which is less than 30 miles long and up to 8 miles wide. There are thought to be several hundred tunnels under Khan Younis alone, which occupies an area roughly the size of the Bronx in New York…Hamas uses the tunnels as military headquarters, to maneuver across the enclave’s cities, protect its leaders, hide Israeli and other hostages, manufacture weapons and conduct hit-and-run attacks. The tunnels also contain a fixed-line phone system that Hamas used to communicate earlier in the war, along with walkie-talkies, burner SIMs and satellite phones. But with Israel hacking into those systems, the militants have increasingly shifted to using runners to convey verbal or written messages. 

The Israeli army has found no systematic solution for finding and destroying Hamas’s tunnels, many soldiers said. Tunnel entrances have been found in homes, schools, mosques, courtyards, streets and farm fields. Some are covered by steel doors, others by mattresses in a home. Israeli forces have mostly relied on drones and robots to search tunnels, only sending soldiers in later to avoid firefights in the narrow passages.

Excepts from Marcus Walker, Why Hamas Thinks it Still Could Win the War, WSJ, Feb.29, 2024