is Investing $305 Million in 13 Nuclear-Weapons Producers
The table below was produced by Richard Sanders, for the Coalition to Oppose the Arms Trade (COAT), June 7, 2016.
As of March 31, 2016, Canada Pension Plan (CPP) has investments worth Cdn$305 million in thirteen major, war industries that are involved in the production, maintenance, and modernisation of nuclear weapons.
The table below compares data from three sources:
(1) The latest annual report from the CPP Investment Board (March 31, 2016) on its foreign public equity holdings,
(2) A report called Don’t Bank on the Bomb (November 2015) which examines global investments in companies providing the "necessary components to develop, test, maintain and modernise nuclear weapons." This report by PAX (Netherlands) also looks at 382 financial institutions from around the world that invested US$493 billion in 26 nuclear-weapons producers. These financial institutions, based in 27 countries, include 17 Canadian banks and other corporations that made about Cdn$27.7 Billion available to the 26 nuclear-weapons producing companies since January 2012. However, the PAX report does not examine the CPP's portfolio which includes investments of $305 million in 13 of the 26 nuclear weapons producers. Neither does it report on the CPP's investments of $11 Billion in 113 financial institutions that -- since 2012 -- have made US$313 Billion available to the 26 nuclear-weapons producers.
(3) The most recent data on the world's top 100 war industries (July 28, 2015), euphemistically called "Top 100 Defense Companies" by Defense News. Besides the nuclear-weapons producers shown below, the CPP has invested in many others on the Top-100 list of global, war industries. See this COAT Table: "The Canada Pension Plan (CPP) is now investing over $1 Billion in 31 of the World's Top 100 War Industries."
(in $Cdn millions)
Role in the production, maintenance,
and modernisation of nuclear weapons.(2)
|Company ranking among the World's Top 100 War Industries (3)|
|Aecom||US||Aecom provides professional technical and management support services and is part of the joint venture that manages the Nevada National Security Site, a key fixture in the US nuclear weapons infrastructure.|
|Aerojet Rocketdyne||US||Aerojet Rocketdyne, formerly known as GenCorp is involved in the design, development and production of land- and sea-based nuclear ballistic missile systems for the United States. It is currently producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.||50|
|Airbus Group||Netherlands||Airbus is a Dutch company that produces and maintains the M51 submarine-launched nuclear missiles for the French navy. Through joint venture MBDA, Airbus is also providing medium-range air-to-surface missiles to the French air force.||7||7|
|Babcock International||UK||Babcock & Wilcox manages and operates several US nuclear weapons facilities including the Lawrence Livermore National Laboratory, Los Alamos National Laboratory, and Nevada National Security Site NNSS, previously known as the Nevada Test Site, each of which are engaged in various aspects of nuclear warhead modernisation.||25||24||27||32||32||41||37||46||55||74||65||63||60|
|BAE Systems is involved in the US and UK Trident II D5 strategic weapons system programmes. It is also the prime contractor for the US Minuteman III Intercontinental Ballistic Missile ICBM system. BAE Systems is also part of the joint venture providing medium-range air-to-surface missiles for France.||3||3||3||3||3||2||2||2||3||4||4||4||4||3||4||3||4|
|Bechtel||USA||Bechtel manages the Los Alamos and Lawrence Livermore national laboratories in the US, which play an important role in the research, design, development and production of nuclear weapons. It also leads the joint venture for management and operation of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas.||27||36||40||44||44||39||34||36||44||35||29||46||34|
|Boeing Co.||$50||USA||Boeing is involved in the maintenance of the Minuteman III nuclear intercontinental ballistic missiles in the US arsenal. It also provides the US and UK Trident II D5 with maintenance, repair, and rebuilding and technical services.||2||2||2||2||2||4||3||3||2||2||2||2||2||2||2||2||2|
|CH2M Hill||US||CH2M Hill is one of the joint venture partners in National Security Technologies NSTec that manages the Nevada National Security Site NNSS, previously known as the Nevada Test Site, a key fixture in the US nuclear weapons infrastructure.|
|Engility||US||In February 2015, Engility acquired US-based TASC. It is involved in the research and development for the Solid Rocket Motor Modernization Study of the Minuteman III system for the US arsenal.||54|
|Finmeccanica SpA||Italy||Finmeccanica is involved in the design, development and delivery of two Transporter Erector Replacement Vehicles to support the US Intercontinental Ballistic Missile ICBM Minuteman III-fleet. It is also involved in the joint venture that supplies medium-range air-to-surface missiles for the French arsenal.||9||10||8||8||8||8||8||9||9||11||11||9||9||15||26||28||25|
|Fluor Corp||$17||USA||Fluor is the lead partner responsible for the management and operation of the US Department of Energy’s Savannah River Site and Savannah River National Laboratory, the only source of new tritium for the US nuclear arsenal.||60||44||48||37||37||45||64||61|
|General Dynamics Corp||$19||USA||General Dynamics provides a range of engineering, development, and production activities to support to US and UK Trident II Strategic Weapons Systems. It is also involved in the guidance systems of the Trident II D5 nuclear missiles of the US Navy.||5||6||5||4||4||5||5||5||6||6||6||6||6||6||5||5||8|
|Honeywell International||$52||USA||Honeywell International manages and operates the National Security Campus where an estimated 85% of the non-nuclear components for US nuclear weapons are produced. It is also involved in tritium production at the Savannah River Site and produces components for integrated circuits for the Trident II D5 nuclear missiles of the US arsenal.||16||15||15||14||14||15||15||15||15||32||8||12||10||13||12||14|
|Huntington Ingalls Industries Inc||$24||USA||Huntington Ingalls Industries is involved in management of the US nuclear arsenal, and in tritium production at the Savannah River Site, the only source of new tritium for the US nuclear arsenal.||13||13||13||13||13|
|Jacobs Engineering Group Inc||$5||USA||Jacobs Engineering Group is involved in the joint venture AWE-ML, which manages the UK Atomic Weapons Establishment, that designs, manufactures and maintains nuclear warheads for the UK.||92||56||65||65||59||60||62||64||83||74||73||42||47||46|
|Larsen & Toubro||$3||India||Larsen & Toubro is responsible for developing the launcher system for the nuclear-capable short-range surface-to-air Akash missile system for the Indian nuclear arsenal.|
|Lockheed Martin||$38||US||Lockheed Martin is responsible for the construction of the Trident II D5 nuclear missiles for the US and the UK. It is also involved in the production and maintenance of the Minuteman III nuclear intercontinental ballistic missiles for the US. It is part of the joint venture AWE-ML, which manages the UK Atomic Weapons Establishment, that designs, manufactures and maintains nuclear warheads for the UK.||1||1||1||1||1||1||1||1||1||1||1||1||1||1||1||1||1|
|Moog||US||Moog develops launch vehicle and strategic missile controls for the Minuteman III and Trident D5 missiles for the US nuclear arsenal.||79||73||76||75||75|
|Northrop Grumman Corp||$36||USA||Northrop Grumman is involved with production and maintenance of the Minuteman III nuclear Intercontinental Ballistic Missiles ICBM for the US nuclear arsenal. It also provides support for the Trident II D5 system for the US and the UK. It is also part of the joint venture that manages the Nevada National Security Site NNSS, previously known as the Nevada Test Site, a key fixture in the US nuclear weapons infrastructure.||6||5||6||6||6||3||4||4||4||3||3||3||5||5||6||7||6|
|Orbital ATK||US||Orbital ATK formerly known as ATK or Alliant Techsystems produces rocket propulsion systems for Trident II submarine launched ballistic missiles. Orbital ATK is also responsible for refurbishing all three solid propellant stages of the Minuteman III Intercontinental Ballistic Missile ICBM for the US. It is also involved in the joint venture for management and operation of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas.|
|Raytheon Co||$21||US||Raytheon is involved in a project to stretch the life-cycle of the guidance systems of the Trident II D5 nuclear missiles of the US Navy. It is also involved in studies in support of the new W80-4 Long-Range Standoff missile for the US arsenal.||4||4||4||5||5||6||6||6||5||5||5||5||3||4||3||4||3|
|Safran||$16||France||Safran is part of a joint venture to build M51 submarine-launched nuclear missiles for the French navy, which each deliver multiple warheads. Its subsidiaries Snecma and Sagem provide the propulsion and navigation systems for these missiles.||20||23||25||26||26||25||24||27||22||19|
|Serco||UK||Serco owns a one-third share in the joint venture AWE-ML, which runs the UK Atomic Weapons Establishment. It is responsible for manufacturing and maintaining the nuclear warheads for the UK arsenal.||43||47||45||50||50||49||48||52|
|Textron Inc||USA||Textron designs and builds re-entry vehicles for the US Minuteman III inter-continental ballistic missile ICBM.||17||17||18||19||19||20||21||23||26||36||33||27||23||26||19||20||31|
|Thales||$15||France||Thales is part of a joint venture to build the M51 submarine-launched nuclear missiles for the French navy.||12||9||11||11||11||11||12||11||11||9||9||7||7||7||8|
|Walchandnagar Industries||India||Walchandnagar Industries Limited supplies infrastructure and facilities for the production of the surface-to-air short-range Akash missile and the launching systems for Agni and Akash missiles for the Indian arsenal. It also manufactures the main thrust motor casing segment for the intercontinental ballistic Agni-V missile.|
(in $Cdn millions)
1 CPP Investments 2016 (in $Cdn) (Canada Pension Plan Investment Board)
Foreign public equity holdings as at March 31, 2016
Don't Bank on the Bomb: A Global Report on the Financing of Nuclear Weapons
Principal Authors, Susi Snyder, Wilbert van der Zeijden, Maaike Beenes (PAX, the Netherlands).
International Campaign to Abolish Nuclear Weapons (ICAN) and Profundo.
3 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.)
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