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COAT's online PETITION now!
Stop CPP investments in firms selling military, police, spy or prison-related products
This is the online version of
Investments in ADI by other
Top Canadian Pension Funds:
|Total = $29,742,000|
Although ADIís wholly-owned subsidiary, Analog Devices (Israel), was established in 1980, it wasnít until 1996, that ADI established its R&D "Design Centre" in Israel. From its inception until its closure a decade later, the ADIís centre was led by Ran Talmudi, who began his high-tech career at Elbit Systems, Israelís largest weapons manufacturer.
When ADIís president Jerald Fishman, went to Israel for the ADI centreís opening, he told the Globes business paper that during the previous year ADI sold US$20 million worth of products to Israelís communications and "defense electronics industries." He estimated that ADIís future sales to Israelís military sector alone would comprise 40% of its total sales.
In its reportage, Israelís Globes newspaper noted that "Even though Fishman, one of the Analog Devices founders, is a Jew, the companyís Israeli connection comes through chairman Ray Stata." Stata, who cofounded ADI in 1965, also started Stata Venture Partners. This investment firmís holdings include Teradiode, a laser manufacturer that says its products "enable many defense applications, including infrared countermeasures, target designators and directed energy weapons."
Fishman and Stata gave ADIís Israeli R&D Centre "the job of developing the TigerSHARC." A scan of ADIís website finds more than 11,000 pages mentioning the military applications of TigerSHARC DSPs.
Although its R&D Centre in Israel was closed in 2006, Analog Devices (Israel) is still active in Raíanana distributing ADIís products.
ADI also has a broad network of "Third Party Developers" (TPDs) in Israel. TPDs are companies whose products rely on ADI electronics. Of the eight Israeli firms that ADI lists as its TPDs, six are described by ADI as supplying the "Military" (M) and/or "Security & Surveillance" (SS) markets. These firms are: MasterKey (SS), Galium (SS), Imaging Diagnostics (M, SS), Jungo (M, SS), Linux4biz (M, SS) and Orlead (M, SS).
Another company in ADIís database of TPDs is Elliptic. This Ottawa-based firm says it supplies both military and security/surveillance markets. Elliptic, which uses ADIís SHARC and TigerSHARC processors, also says that it exports to customers in Israel.
One of ADIís top Israeli customers, Elta Electronics, is a subsidiary of Israelís second largest weapons maker, Israel Aerospace Industries (IAI). (See "State-owned Israeli War Industries.") IAIís website has numerous references to its reliance on ADIís "SHARC" DSPs for such military products as:
l"Airborne, maritime and ground based multimode [weapons] fire control Radar, SAR [Synthetic Aperture Radar],"
l"Image and video processing,"
l"Communication, Cryptography, ELINT [Electronic signals intelligence] and COMINT [Communications Intelligence]," and
l"Sonar, Electronic Warfare, Automatic Target Recognition."
ADIís wares can also be found in major US weapons systems of the kind transferred to Israel. For example, in 2000, ADI received a worth US$775 thousand contract from US Aviation and Missile Command for applied research related to AH-64 "Apache" attack helicopters. ADI also received US contracts in 2003 and 2007 to supply microcircuits for F-16 "Falcon" fighter/bombers. AH-64s and F-16s transferred to Israel were used in air strikes against Lebanon (2006) and Gaza (2008-2009).
COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66. Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):
pdf 3M Co
pdf Amdocs Ltd
pdf Analog Devices Inc
pdf BAE Systems
pdf Bank Hapoalim
pdf Bharat Electronics Ltd
pdf CAE Inc
pdf Carlyle Group
pdf Caterpillar Inc
pdf Cellcom Israel
pdf Cisco Systems
pdf CRH plc
pdf Daewoo Engineering & Construction
pdf Daimler AG
pdf Delek Group
pdf Dell Inc
pdf Discount Investment Corp
pdf Doosan Corp
pdf Eaton Corp
pdf Elbit Systems
pdf EMC Corp
pdf Evraz Group
pdf Fiat Industrial
pdf Fiat SpA
pdf Fujitsu Ltd
pdf Hewlett-Packard Co
pdf Hitachi Ltd
pdf Honeywell International
pdf Hyundai Motor Co
pdf Hyundai Heavy Industries
Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus
State-owned Israeli War
Vertex Venture Capital:
CPP Investments worth $1.5
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
Social Networking - Facebook
Aerospace & Defense
"Analog Devices Seeks Israeli Partner," Globes,
February 12, 1997.
"Third generation comes first in Israel," Globes,
January 31, 2002.
Google search of the ADI website for "TigerSHARC" and
DSP - Digital Signal Processoring Modules
Third Party Developers Program for Processors and DSP
Government Contracts USA Defense Depít