The Canada Pension Plan (CPP)
is Investing $451 Million
in 14 Nuclear-Weapons Producers


The CPP has invested almost a quarter of a billion dollars of our retirement savings
in fourteen companies that are involved in the production, maintenance,
and/or modernisation of nuclear weapons for the US, Britain and France.

 

The table below was produced by Richard Sanders, for the
Coalition to Oppose the Arms Trade (COAT), May 23, 2017.

Corporations involved in
Nuclear Weapons
Programs

Country

CPP

Investments
2017

(in $Cdn millions)
(1)

Ranking in
Top-100
War Industries
(2)

 Company ranking among the
World's Top-100 War Industries

(3)

BAE Systems

UK

$33

3

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.

Boeing Co.

US

$118

2

Boeing is involved in Minuteman III nuclear ICBMs in the US arsenal. It also provides the US and UK Trident II D5 with maintenance, repair, and rebuilding and technical services.

BWX Technologies

(formerly Babcock & Wilcox)

US

$14

 -

Babcock & Wilcox manages and operates US nuclear weapons facilities including the Lawrence Livermore National Laboratory, Los Alamos National Laboratory, and the Nevada Test Site. These are engaged in nuclear warhead modernisation and testing.

Fluor Corp.

US

$5

59

Fluor is the lead partner responsible for the management and operation of the US Department of Energyís Savannah River Site and Savannah River National Laboratory, the only source of new tritium for the US nuclear arsenal.

General Dynamics Corp.

US

$30

5

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.

Honeywell International

US

$66

15

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.

Huntington Ingalls Industries

US

$26

12

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.

Jacobs Engineering Group

US

$11

 -

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.

Larsen & Toubro

India

$2

 -

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

US

$57

1

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.

Northrop Grumman Corp.

US

$10

6

Northrop Grumman is involved with production and maintenance of the Minuteman III nuclear ICBMs 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 Test Site, a key fixture in the US nuclear weapons infrastructure.

Raytheon Co.

US

$36

4

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.

Safran

France

$19

21

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.

Thales

France

$24

10

Thales is part of a joint venture to build the M51 submarine-launched nuclear missiles for the French navy.

Total

$

 

 

Sources:
1   
CPP Investments 2017 (in $Cdn) (Canada Pension Plan Investment Board)
Foreign public equity holdings as at March 31, 2017

2    The World's Top 100 War Industries ("Top 100 for 2016," Defense NewsTop 100 Defense Companies 2016

3    Don't Bank on the Bomb: A Global Report on the Financing of Nuclear Weapons Producers, December 2016.
Principal Authors, Susi Snyder, Wilbert van der Zeijden, Maaike Beenes (PAX, the Netherlands).
International Campaign to Abolish Nuclear Weapons (ICAN) and Profundo.