Elbit Systems

Garcia’s October 2026 letter, citing CNN, names Elbit among military suppliers held through Phoenix. The chain is Affinity → Phoenix → supplier investments; this is not direct Kushner ownership of every supplier.1

Phoenix Financial

Supplier holding cited in Garcia letter relying on CNN investigation1

Affinity reported selling one quarter of its Phoenix shares in July 2026 and retaining 7.4% of Phoenix. The issuer says proceeds enable return of the original investment to limited partners.2–3

Elbit Systems of America – Night Vision LLC

U.S. subsidiary received Army delivery order1, 4

Elbit Systems identified its U.S. subsidiary as the recipient of a roughly $212 million Army delivery order for enhanced night-vision binoculars, with deliveries through 2028. Phoenix Financial held shares in the parent company. Affinity Partners held shares in Phoenix.1, 4

Documented connections

Phoenix Financial →Supplier holding cited in Garcia letter relying on CNN investigation1

Elbit Systems of America – Night Vision LLC →U.S. subsidiary received Army delivery order1, 4

Sources and documents
  1. oversightdemocrats.house.gov
  2. Affinity and Phoenix: July share disposal — Issuer release: 25% disposal, 7.4% retained, original investment return; About Affinity · 2026-07-27
  3. Apollo/Phoenix: investment partnership, September 5, 2023
  4. Elbit Systems | U.S. Army delivery order

AI generated report by Explorvia.com.