The Canada Pension Plan (CPP) is now investing over $1 Billion in 31 of the World's Top 100 War Industries
This table was produced by Richard Sanders, for the Coalition to Oppose the Arms Trade (COAT), May 31, 2016.


You may also be interested in these other recent COAT tables on CPP investments:

* The CPP is investing $374 million in F35-Warplane Contractors
* The CPP is Investing $305 Million in 13 Nuclear-Weapons Producers
*
The CPP is investing $11 Billion in 113 global financial institutions that made US$313 Billion available to the 26 producers of nuclear weapons since 2012
* The CPP is investing $5.5 billion in 72 companies that have been linked to Israel's military-, police-, surveillance-, prison-industrial complex

CPP Investments
2016 (1)
(in $Cdn millions)

The World's
Top War Industries
in 2015 (2)
(Click link for
company website)
Country Military Revenue 2014
(in $US millions)
Military Revenue percent 2014 Total
Revenue
2014
(in $US millions)
The World's Top 100 War Industries (2)

CANSEC 2016
Exhibitors (3)
(Companies in brackets are Canadian subsidiaries of
Top 100 War industries.  These subsidiaries, not the parent companies, exhibited at CANSEC 2016)

2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
38 Lockheed Martin USA 45,600.00 88.00% 40,128.00 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 (Lockheed Martin Canada)
50 Boeing CO USA 90,762.00 32.00% 29,000.00 2 2 2 2 2 4 3 3 2 2 2 2 2 2 2 2 2 Boeing Co
9 BAE Systems UK 27,411.30 92.80% 25,449.00 3 3 3 3 3 2 2 2 3 4 4 4 4 3 4 3 4 BAE Systems
21 Raytheon Co USA 22,826.00 97.40% 22,228.20 4 4 4 5 5 6 6 6 5 5 5 5 3 4 3 4 3 (Raytheon Canada Limited)
19 General Dynamics Corp USA 30,852.00 60.20% 18,561.00 5 6 5 4 4 5 5 5 6 6 6 6 6 6 5 5 8 (General Dynamics OTS Canada, and General Dynamics Land Systems-Canada)
36 Northrop Grumman Corp USA 23,979.00 76.70% 18,400.00 6 5 6 6 6 3 4 4 4 3 3 3 5 5 6 7 6 Northrop Grumman

 
Airbus Group Nether-lands 80,686.40 18.10% 14,609.50 7 7
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
(Airbus Group Canada)
24 United Technologies USA 65,100.00 20.00% 13,020.00 8 8 9 10 10 10 10 10 10 12 12 10 11 11 9 10 10
 

 
Finmeccanica SpA Italy 19,486.80 54.20% 10,561.40 9 10 8 8 8 8 8 9 9 11 11 9 9 15 26 28 25
 
19 L-3 Communications USA 12,124.00 80.90% 9,808.00 10 11 10 9 9 9 9 8 8 8 13 11 12 20 25 34 46 (L-3 Canada Operations)

 
Almaz-Antei Russia 9,209.80 100.00% 9,209.80 11 12 14 25 25 21 22 16 28 30 50
 

 

 

 

 

 

 
15 Thales France 17,242.20 49.10% 8,461.60 12 9 11 11 11 11 12 11 11 9 9 7 7 7 8
 

 
(Thales Canada Inc.)
24 Huntington Ingalls Industries Inc USA 6,957.00 98.00% 6,818.00 13 13 13 13 13
 

 

 

 

 

 

 

 

 

 

 

 

 

 
United Aircraft Corp Russia 7,805.30 80.00% 6,244.00 14
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Rolls Royce UK 24,035.30 22.60% 5,433.70 15 14 16 16 16 18 23 17 16 17 18 18 17 18 15 18 16 Rolls-Royce
52 Honeywell International USA 40,300.00 11.80% 4,754.00 16 15 15 14 14 15 15 15 15 32 8 12 10 13 12 14 NR
 

 
TEXTRON INC USA 13,878.00 34.00% 4,719.00 17 17 18 19 19 20 21 23 26 36 33 27 23 26 19 20 31 (Textron Systems Canada Inc.)

 
AECOM US 19,641.20 22.60% 4,433.00 18
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Booz Allen Hamilton USA 5,479.00 74.80% 4,100.00 19 18 17 15 15 16 16 22 24 21 28 32 35 38 51 60 57
 
16 Safran France 20,406.50 20.00% 4,081.30 20 23 25 26 26 25 24 27 22 19
 

 

 

 

 

 

 

 

 
DCNS France 4,074.70 100.00% 4,074.70 21 16 22 22 22 24 20 25 18 16 16 20 16 14
 

 

 
(DCNS Technologies Canada Inc.)
146 General Electric USA 24,000.00 16.70% 4,000.00 22 18 20 20 20 19 18 18 14 14 17 15 15 16 28 21 24 (General Electric Canada)

 
Russian Helicopters Russia 4,500.80 88.00% 3,960.00 23 25 24 39 39 44 69 64 74
 

 

 

 

 

 

 

 

 
13 Leidos US 5,063.00 71.60% 3,627.00 24 21
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Babcock International UK 7,414.20 48.00% 3,558.80 25 24 27 32 32 41 37 46 55 74 65 63 60
 

 

 

 
(Babcock Canada Inc.)

 
United Enginebuilding Russia 5,405.20 61.50% 3,323.60 26 34 49 59 59 55
 

 

 

 

 

 

 

 

 

 

 

 

 
Bechtel USA 37,200.00 8.10% 3,000.00 27 36 40 44 44 39 34 36 44 35 29 46 34
 

 

 

 

 
17 (a) Rheinmetall Air Defence AG Germany 6,230.30 47.80% 2,976.90 28 28 31 30 30 30 30 31 30 29 26 22 21 27 38 25 15 (Rheinmetall Canada Inc.)

 
Elbit Systems Ltd. Israel 2,958.20 100.00% 2,958.20 29 30 35 38 38 33 28 32 39 46 54 50 44 48 49 63 64 Elbit Systems Ltd.

 
Saab AB Sweden 3,438.50 82.30% 2,829.30 30 29 30 27 27 28 39 28 23 24 25 30 25 31 28 22 47 (Saab Canada)

 
Tactical Missiles Russia 2,960.60 95.00% 2,812.60 31
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Israel Aerospace Industries Israel 3,827.00 72.80% 2,785.00 32 35 39 41 041 36 36 35 33
 

 

 

 

 

 

 

 

 

 
Orbital ATK US 4,400.00 62.50% 2,750.00 33
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
SAIC Inc USA 3,835.00 71.30% 2,735.00 34 31 12 12 12 12 11 12 13 13 14 14 13 12 14 15 25
 

 
Exelis US 3,277.00 80.70% 2,644.00 35 20 19
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
41 Mitsubishi Heavy Industries Japan 46,897.00 5.60% 2,626.70 36 26 33 23 23 26 26 26 25 23 19 17 14 17 11 13 11
 

 
CACI International Inc USA 3,565.00 72.30% 2,578.00 37 32 32 31 31 35 38 44 43 42 64 67
 

 

 

 

 

 

 
Hindustan Aeronautics India 2,531.00 98.00% 2,480.40 38 39 37 36 36 37 41 48 34 45 51 57 56 54 95 48 62
 

 
Harris Corp. USA 5,012.00 47.60% 2,384.70 39 40 34 29 29 32 29 33 38 33 36 40 36 42 36 41 45 (Harris Communications Systems)
44 (b) Hewlett-Packard US 111,500.00 2.00% 2,240.80 40 22 36 45 45 65 45
 

 

 

 

 

 

 

 

 

 

 
5 Rockwell Collins USA 4,979.00 44.40% 2,209.00 41 42 38 33 33 27 32 34 27 25 32 35 32 33
 

 

 
(Rockwell Collins Canada)
13 CSC Computer Sciences Corp USA 12,200.00 17.80% 2,177.00 42 41 23 17 17 17 17 21 19 15 15 13 19 21 18 23 32
 

 
Serco UK 7,826.10 27.80% 2,174.80 43 47 45 50 50 49 48 52
 

 

 

 

 

 

 

 

 

 

 
ST Engineering Singa-
pore
5,161.00 39.00% 2,012.80 44 49 47 49 49 48 50 54
 

 
53 47 41 43 40 45 66
 

 
Rafael Advanced Defense Systems Israel 1,965.40 100.00% 1,965.40 45 48 52 48 48 46 47 51
 

 

 

 

 

 

 

 

 

 
16 Kawasaki Heavy Industries Japan 17,094.70 11.20% 1,909.20 46 66 51 40 40 60 55 50 47 43 40 41 39 35
 
26 39
 

 
Cobham UK 3,051.40 61.00% 1,860.00 47 51 46 51 51 42 35 43 46 55 49 55 54 60 56 70 71
 
7 Oshkosh Truck USA 6,808.00 25.30% 1,725.00 48 27 21 18 18 13 31 41 42 44 52 59 48 65 72 99 94
 

 
General Atomics Technology Corp. USA - - 1,655.00 49 45 42 46 46 47 52 57
 

 

 

 

 

 

 

 

 

 

 
Aerojet Rocketdyne US 1,597.40 99.60% 1,591.20 50
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Dyncorp International LLC USA 2,252.00 70.10% 1,579.00 51 38 28 34 34 31 33
 

 

 

 

 

 
34 33 43 55
 

 
Uralvagonzavod Russia 2,992.00 51.60% 1,545.00 52
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Hanwha South Korea 5,154.30 30.00% 1,545.00 53
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Engility US 2,500.00 61.20% 1,530.00 54
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Embraer SA Brazil 6,357.60 23.00% 1,459.50 55 60 61 74 74 87 95 92
 
89 93
 

 

 

 

 

 

 

 
Fincantieri Italy 5,845.80 24.10% 1,406.80 56 53 59 64 64 67 80 86 62 73 67 61 57 57
 

 

 

 

 
Nexter France 1,392.80 100.00% 1,392.80 57 63 70 61 61 51 54 69 51
 

 

 

 

 

 

 

 
(Nexter Canada)

 
Dassault Aviation France 4,890.60 27.20% 1,332.30 58 50 55 60 60 54 53 38 35 22 27 23 28 45 32 33 19
 

 
LIG Nex South Korea 1,330.10 100.00% 1,330.10 59 62 77 79 79 73 NR
 

 

 

 

 

 

 

 

 

 

 
17 Fluor Corp USA 21,531.00 6.10% 1,319.30 60 44 48 37 37 45 64 61
 

 

 

 

 

 

 

 

 

 
5 Korea Aerospace Industries South Korea 2,199.10 52.70% 1,160.00 61 55 87 72 72
 

 

 

 

 

 

 

 

 

 

 

 

 

 
Aselsan Turkey 1,142.50 97.10% 1,109.00 62 67 74 76 76 80 86 93 97
 

 

 

 

 
80
 

 
Aselsan
79 Accenture US 30,000.00 3.50% 1,059.50 63 72 75
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Mantech USA 1,774.00 59.00% 1,046.70 64 43 41 35 35 34 43 47 48 51 63 60 70
 

 

 

 

 

 
QinetiQ UK 1,288.40 79.00% 1,017.90 65 58 57 52 52 43 44 30 36 27 38 37 37 41 34
 

 
(QinetiQ Canada Operations Limited)
25 NEC Japan 29,296.30 3.50% 1,011.00 66 75 44 55 55 63 72 58 59 53 56 69 75 61
 
65 69
 

 
GKN PLC UK 3,667.60 27.00% 990.2 67 68 50 56 56 58 58 72 40 60 61 28 18 22 20 17 35
 

 
Ultra Electronics UK 1,174.70 81.00% 951.5 68 86 68
 

 

 

 

 

 

 

 

 

 

 

 

 

 
(Ultra Electronics Canada)

 
RTI Russia 1,877.30 50.50% 947.2 69 78 80 87 87 100 NR 99
 

 

 

 

 

 

 

 

 

 

 
Krauss-Maffei Wegmann Germany 934.6 100.00% 934.6 70 61 63 57 57 56 46 39 41 62 58 53 51 52 42 47 41
 

 
Kongsberg Norway 2,644.00 35.20% 929.8 71 57 58 53 53 50 57 66 85 58 81 78 66
 

 

 

 
Kongsberg
14 Ana Holdings Japan 17,100.30 5.40% 926.1 72
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Samsung Techwin South Korea 2,484.80 36.40% 904.8 73 70 65 63 63 61 51 71
 

 

 

 

 

 

 

 

 

 

 
PAE US 1,816.50 49.30% 895.2 74 85
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
3 Meggitt UK 2,559.90 34.70% 888.7 75 65 66 70 70 76 70 63 82 66 87 95 97
 

 

 

 
(Meggitt Training Systems Canada)

 
Bharat Electronics India 1,094.60 80.00% 875.7 76 74 69 69 69 64 62 74 58 76 77 81 77 81 74 67 NR
 
208 (c) Mitsubishi Electric Japan 43,143.50 2.00% 860.3 77 59 53 54 54 57 42 49 50 47 48 48 52 44
 
30 36
 

 
Turkish Aerospace Industries Turkey 1,001.00 85.30% 853.6 78 80 85 83 83
 

 

 

 

 

 

 

 

 

 

 

 

 

 
Moog US 2,648.40 31.60% 837.8 79 73 76 75 75
 

 

 

 

 

 

 

 

 

 

 

 

 

 
AAR USA 2,035.00 40.70% 827.4 80 77 71 66 66 68 89 90
 

 

 

 

 

 

 

 

 

 

 
CUBIC Corp USA 1,398.40 57.10% 798.7 81 76 73 73 73 75 82 83 71 75 84 88 86 84 73 100 NR
 
12 CAE Canada 1,979.30 38.20% 755.6 82 81 79 71 71 72 77 79 83 84 92 89 71 71 61 89 73 CAE

 
Alion Science and Technology USA 804.8 93.70% 753.7 83 79 83 84 84 79 78 82 86
 

 

 

 

 

 

 

 

 

 
Curtiss Wright Corp USA 2,243.10 33.40% 749.6 84 82 82 80 80 78 76 77 75 78
 

 

 

 

 

 

 

 

 
Chemring UK 786.6 92.00% 723.7 85 69 60 62 62 69 73 87 100
 

 

 

 

 
91
 

 

 

 
Ruag Switzer-land 1,670.80 43.00% 718.4 86 83 67 77 77 74 65 68 77 72 45 51 55 51 47 52 NR
 
7 (d) Ball Aerospace & Technologies US 934.8 72.80% 681 87 88 90 98 98
 

 

 

 

 

 

 

 

 

 

 

 

 

 
Indra Spain 3,904.40 17.30% 676 88 87 91 89 89 77 61 59 57 99 101 65 98 86 76 84 88
 

 
Wyle USA 865.5 75.20% 650.7 89 89 72 78 78 96 NR
 

 

 

 

 

 

 

 

 

 

 

 
Diehl Defence Holding Germany 4,038.90 16.10% 648.5 90 84 84 68 68 66 83 60 52 63 62 58 49 53 45 54 34
 

 
IHI Japan 14,528.90 4.30% 617.8 91 98 99
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Ukroboronprom Ukraine 575.9 100.00% 575.9 92
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Battelle USA 5,600.00 10.20% 569.2 93 91 96 85 85 81 79 67 56 59 71 76 74 78
 

 

 

 

 
Patria Finland 614.5 90.40% 555.8 94 64 78 81 81 89 84 81 66
 
95
 

 

 

 

 

 

 

 
Day & Zimmermann USA 2,500.00 22.20% 555 95 97 98 99 99 93 87 88
 

 

 

 

 

 

 

 

 

 

 
ViaSat USA 1,382.50 38.70% 535.5 96 93 94
 

 

 

 

 

 

 

 

 

 

 

 

 

 
ViaSat

 
Nammo Norway 591.6 89.10% 527.4 97
 

 

 
95 95 93 91
 

 

 

 

 

 

 

 

 
(Nammo Canada Inc.)
28 (e) Fujitsu Japan 47,436.90 1.10% 525.9 98
 
97 92 92 99 92 95 90
 

 

 

 

 

 

 

 

 

 
Israel Military Industries Ltd. Israel 475.8 100.00% 475.8 99 94 95 100 100 98 97 78 84 92 89 75 73 62 55 59 56
 

 
Denel South Africa 454.6 100.00% 454.6 100
 
96
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
1,023,000                                              

Sources:
(1) CPP Investments 2016 (in $Cdn) (Canada Pension Plan Investment Board)
Foreign public equity holdings as at March 31, 2016

(2) The World's Top 100 War Industries, July 28, 2015. (Compiled by Defense News)
Top 100 Defense Companies 2015
(Links to Defense News data on the "Top 100" during previous years, i.e., 1999 to 2014, can also be found at the above web page.)

(3)
CANSEC 2016 Exhibitors (Canada's largest military trade show, held in Ottawa May 25-26, 2016, is organised by the Canadian Association of Defence and Security Industries)
CANSEC List of Exhibitors

 

Notes:
a.    CPP investment was in Rheinmetall Air Defence AG's parent company, Rheinmetall AG
b.    CPP investment was in Hewlett Packard Enterprise Co
c.    CPP  investments were in Mitsubishi Electric ($96 million) and its parent company Mitsubishi Corp ($112 million)
d.   
CPP  investment was in Ball Aerospace & Technologies' parent company Ball Corp
e.   
CPP  investments were in Fujitsu General ($10 million) and Fujitsu Ltd ($18 million)