COAT's online PETITION now!
Stop CPP investments in firms selling military, police, spy or prison-related products to Israel
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Now, with over US$42 billion in assets, Finmeccanica is Italy’s largest high-tech industry. Still owned in part (30%) by Italy’s government, the firm’s military revenues surpassed US$14.4 billion in 2010, making it the world’s 8th largest war industry. Finmeccanica has steadily climbed these ranks since 2000, when it was the world’s 28th largest war industry. Making everything from complete warplanes and helicopters to satellites and electronics for many weapons systems, almost 60% of its revenue is military related.
Finmeccanica’s sales to the US government are almost entirely military related. Between 2000 and 2009, it had US government contracts worth US$10.9 billion. Of these, US$10.8 billion (99%) were with military clients, most notably the Army (67%), Air Force (16%) and Navy (9%). In the 2000s, Finmeccanica made it onto the Pentagon’s top 100 list twice, in 2008 and 2009, when it ranked 23rd and 26th, respectively.
One of Finmeccanica’s units, Selex Galileo, is providing its Gabbiano radar for two versions of an Israeli Unmanned Aerial Vehicle (UAV). These UAVs, the "Hermes" 450 and 900, are made by Israel’s top war industry, Elbit Systems. The "Hermes" 450 is designed for tactical missions of up to 20 hours, while the larger "Hermes" 900 version can fly for 30 hours without refuelling. Besides using the "Hermes" 450 for reconnaissance/surveillance operations, Israel’s Air Force has equipped them with missiles for air strikes, including political assassinations. Israel’s use of these armed UAVs includes numerous attacks on Gaza, as well as against Lebanon (2006) and Sudan (2009). Israel’s "Hermes" 900s will presumably also be weaponised for such missions.
Finmeccanica is the main contractor in Italy involved in building the F-35 "Joint Strike Fighter," which Israel is scheduled to receive from prime contractor, Lockheed Martin (LM). (See LM in table "CPP Investments.") Three Finmeccanica units are involved:
(1) SELEX Galileo is building the electro-optical targeting systems to direct the F-35’s laser-guided weapons.
(2) SELEX Communications is making the F-35’s UHF radio system, navigation equipment, cockpit panels and lighting system.
(3) Alenia Aeronautica is designing and producing the F-35’s wings.
In February 2012, Israel’s Ministry of Defense announced a US$1 billion deal to buy thirty M346 "Master" advanced combat training jets from Finmeccanica’s Alenia Aeronautica.
Finmeccanica has long had partnerships with Israeli military industries. As early as 1999, Agusta un’Azienda Finmeccanica was collaborating with the Israeli Aerospace Industry (IAI). (See IAI in "State-owned Israeli War Industries.") Finmeccanica’s partnership was with IAI’s Tamam Division on Turkey’s "ATAK Helicopter."
Finmeccanica’s SELEX Communications announced in 2010 that it had integrated the broadband wireless network technology from Israel’s MaxTech Ltd. into a handheld radio communications device to deliver voice, data and video messages for military users. MaxTech makes the Snipetech "Sniper Coordination System" and says its "clients include elite forces and SWAT [Special Weapons and Tactics] units of the Israeli Defense Forces."
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
Top 100 Defense Contractors, Defense News
Annual Report 2010
Contracts to Finmeccanica Group, Inc.
Top 100 Defense Contractors, Gov’t Executive
Tom Kington, "Selex Galileo Radar Selected for Hermes UAV,"
June 29, 2011.
Elbit Hermes 450, Wikipedia
Elbit Hermes 900, Wikipedia
F-35 Lightning II – JSF (Joint Strike Fighter): international
co-operation for the fifth generation multirole fighter, April 2010.
"Italy’s Alenia to Sell Israel 30 M-346 Training Jets,"
Defense News, February 16, 2012.
IAI/Tamam Division & Agusta are Teaming for the Atak
Helicpter Program in Turkey, June10, 1999.
Case Study, Selex Communications