Israeli Defense Contractor Beats Earnings; Stock Sinks Over Iran War Renewal

Israeli defense firm Elbit Systems plummeted more than 7% on Tuesday morning, despite beating earnings. The earnings report comes as the Middle East faces the prospect of renewed turmoil that could disrupt Elbit's business operations. The early stages of potential peace deal collapsed in recent weeks over failed negotiations between the U.S. and Iran. Following the collapse of the talks,…