In a move celebrated by pro-Palestinian activists as a win for the divestment movement and a “major victory” for Palestinian rights advocacy in the US, the San Francisco State University (SFSU) has pulled investments from four weapons companies involved in Israel’s war on Gaza.

Students for Gaza SFSU said the university will sell its corporate bond position in American aerospace and arms manufacturer Lockheed Martin Corporation, Italian defense company Leonardo, US-based data analysis enterprise Palantir Technologies, as well as construction equipment manufacturer Caterpillar.