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Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel

BAE
Systems
Canada
Pension
Plan
(CPP)
Investment
in 2011

=     
$1 million

This is the online version of
"
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
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BAE produces everything from nuclear submarines and nuclear weapons to handcuffs and shackles used at Guantanamo Bay and in Saudi Arabia. And, BAE also churns out artillery, missiles, torpedoes, battle vehicles, aerial drones, and even remote-controlled machine guns.

Easily the largest weapons manufacturer in Britain, BAE has US$38 billion in assets. It consistently ranks among the world’s four largest war profiteers, and was in second place in 2007, 2008 and 2009. Not too surprisingly, about 96% of BAE’s revenues come from military sales.

Of the US$64.7 billion in contracts that BAE had with the US federal government between 2000 and 2009, US$61 billion (95%) were with military departments and agencies. During each of those years, BAE figured among the Pentagon’s top 15 suppliers. And, the company ranked seventh among the top Pentagon contractors for that decade.

BAE also supplies high-tech components for major US weapons systems of the kind sold to Israel, including AH-64 "Apache" attack helicopters, and F-15 and F-16 warplanes. The Israeli Air Force used these aircraft when attacking Lebanon in 2006, and Gaza in 2008-2009. Between 1999 and 2009, the US "Government Contracts Won" database lists BAE Systems and its subsidiaries as having received 265 contracts, worth US$460 million for these three weapons systems alone.

The BAE equipment used aboard Israeli F-15s includes "Head-Up Displays." These transparent displays of flight and weapons-control data allow pilots to avoid looking down at cockpit instruments.

Israel was reported to have used BAE’s "Suter" airborne network attack system to bomb Syria in 2007.

In 2005, BAE acquired United Defense Industries (UDI), a major US weapons maker owned by The Carlyle Group between 1997 and 2004. After this US$4.2 billion acquisition, UDI became known as US Combat Systems and BAE formed its Land & Armaments division. This BAE division designs, manufactures and provides "integrated logistics support throughout the product life-cycle" for battle vehicles, heavy artillery, naval weapons, missile launchers and munitions. Many of these BAE weapons systems are now part of Israel’s arsenal, including:

l M113 Armoured Troop Carriers

l M88 Armoured Recovery Vehicles

l M109 155 mm "Doher" howitzers

l M110 203 mm howitzers

Defense Technology Corp., a US-based firm owned by BAE, supplies CS tear gas to Israel’s police and military which routinely use it against Palestinian protesters. Deaths have resulted from using this kind of tear gas. For instance, Israel’s Haaretz newspaper reported on New Year’s day 2011 that Jawaher Abu Rahmah "died…after she was exposed to tear gas that was shot by IDF [Israel Defense Forces] soldiers to disperse the crowd of demonstrators against the separation wall" in the West-Bank village of Bil’in. Her brother "Bassem Abu Rahmah…was killed by an extended-range tear gas projectile fired at his chest by IDF soldiers…on April 17, 2009."

BAE’s Israel subsidiary, BAE Rokar International, manufactures three main products:

(1) "Combat-proven" electronic warfare systems for warplanes and helicopters. Rokar is "the sole supplier of these systems to the Israeli Air Force."

(2) Global positioning systems and guidance systems for space, air, land and naval platforms, as well as for rockets, smart munitions and projectiles.

(3) Armament control systems for fighter aircraft, helicopters and Unmanned Aerial Vehicles.

BAE is on the global team building the F-35 warplane, which Israel has on order. BAE responsibility is to design the aft fuselage, the horizontal and vertical tails, and the wing-fold mechanism for one variant of this fighter/bomber. The F-35’s prime contractor is Lockheed Martin (LM). (See LM in table "CPP Investments.")

 

 

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 prison-related products.

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  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
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  Finmeccanica
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 Industries:
IAI
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments

Poster


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.


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References

BAE, Boycott Israel website
www.boycott-israel.co.uk/business-links/118-bae

Group Balance Sheet
http://bae-systems-investor-relations.production.investis.com/financial-information/balance-sheet.aspx

Top 100 Defense Contractors, Defense News
www.defensenews.com

Contracts to BAE Systems
www.fedspending.org/fpds/search.php

Government Contracts USA Defense Dep’t
www.governmentcontractswon.com

Top 100 Defense Contractors, Gov’t Executive
www.govexec.com

"Profiting from Occupation: UK & International Companies Complicit in Israeli War Crimes Against Palestinians," Corporate Watch, 2009.
http://corporateoccupation.files.wordpress.com/2010/02/palestine_cw_report.pdf

Land & Armaments
www.baesystems.com/Businesses/LandArmaments

Military equipment of Israel
http://en.wikipedia.org/wiki/Military_equipment_of_Israel

"The Deadly Experiment – Israel`s Murderous testing Ground for ‘Non-Lethal’ Weapons," January 3, 2011.
http://corporateoccupation.wordpress.com/2011/01/03/1080/

Amira Hass and Anshel Pfeffer, "Bil’in protester dies after exposure to tear gas shot by IDF," Haaretz, January 1, 2011.
www.haaretz.com/news/diplomacy-defense/bil-in-protester-dies-after-exposure-to-tear-gas-shot-by-idf-1.334627

Electronic Solutions, Jerusalem

EW and Support Equipment
www.baesystems.com/ProductsServices/bae_prod_ew_support_equip.html

F-35 Lightning II Joint Strike Fighter (JSF), International
www.airforce-technology.com/projects/jsf/

Doher 155 mm self-propelled howitzer (Israel), Jane’s Armour and Artillery, February 24, 2011.
http://articles.janes.com/articles/Janes-Armour-and-Artillery/Doher-155-mm-self-propelled-howitzer-Israel.html