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The Canada
Pension Plan
is now investing

$1.4 Billion
in 41 of the
World's
Top-100
War
Industries
 

Table by Richard Sanders,
Coalition to Oppose the Arms Trade
(Updated May 26, 2017)
CPP Invest-ments
(in $Cdn millions)
(1)		 The World's
Top War
Industries (2)		 C
O
U
N
T
R
Y		 Ranking among the
World's Top 100 War Industries (2)		 CANSEC
2017
Exhibitors (3)

Companies
in brackets are
Canadian subsidiaries
of the World's Top 100
War Industries
2017 2016 2
0
1
6		 2
0
1
5		 2
0
1
4		 2
0
1
3		 2
0
1
2		 2
0
1
1		 2
0
1
0		 2
0
0
9		 2
0
0
8		 2
0
0
7		 2
0
0
6		 2
0
0
5		 2
0
0
4		 2
0
0
3		 2
0
0
2		 2
0
0
1		 2
0
0
0

1
9
9
9
57 38 Lockheed Martin USA 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 (Lockheed Martin Canada)
118 50 Boeing USA 2 2 2 2 2 2 4 3 3 2 2 2 2 2 2 2 2 2 (Boeing Canada Operations)
33 9 BAE Systems UK 3 3 3 3 3 3 2 2 2 3 4 4 4 4 3 4 3 4 (BAE Systems Canada)
36 21 Raytheon USA 4 4 4 4 5 5 6 6 6 5 5 5 5 3 4 3 4 3 (Raytheon Canada Ltd)
30 19 General Dynamics USA 5 5 6 5 4 4 5 5 5 6 6 6 6 6 6 5 5 8 (GD Ordnance & Tactical Systems Canada,
GD Land Systems-Cda,
GD Mission Systems)
10 36 Northrop Grumman USA 6 6 5 6 6 6 3 4 4 4 3 3 3 5 5 6 7 6
 
11
 		 Airbus Group Nether-lands 7 7 7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Airbus Group Canada)
12
 		 Finmeccanica Italy 8 9 10 8 8 8 8 8 9 9 11 11 9 9 15 26 28 25
 
29 19 L-3 Technologies USA 9 10 11 10 9 9 9 9 8 8 8 13 11 12 20 25 34 46 (L-3 Canada Operations)
24 15 Thales France 10 12 9 11 11 11 11 12 11 11 9 9 7 7 7 8
 
 		 (Thales Canada)
 
 		 Almaz-Antei Russia 11 11 12 14 25 25 21 22 16 28 30 50
 
 
 
 
 
 
 
26 24 Huntington Ingalls Industries USA 12 13 13 13 13 13
 
 
 
 
 
 
 
 
 
 
 
 
 
33 24 United Technologies USA 13 8 8 9 10 10 10 10 10 10 12 12 10 11 11 9 10 10
 
16
 		 Rolls Royce UK 14 15 14 16 16 16 18 23 17 16 17 18 18 17 18 15 18 16 (Rolls-Royce Canada)
66 52 Honeywell International USA 15 16 15 15 14 14 15 15 15 15 32 8 12 10 13 12 14
 
 
 
 		 United Aircraft Russia 16 14
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Harris Corp US 17
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Harris Communications Systems)
2
 		 TEXTRON USA 18 17 17 18 19 19 20 21 23 26 36 33 27 23 26 19 20 31 (Textron Systems Canada)
177 146 General Electric Aviation (f) USA 19 22 18 20 20 20 19 18 18 14 14 17 15 15 16 28 21 24 (General Electric Canada)
    Babcock International UK 20                                    
19 16 Safran France 21 20 23 25 26 26 25 24 27 22 19
 
 
 
 
 
 
 
 
 
 		 DCNS France 22 21 16 22 22 22 24 20 25 18 16 16 20 16 14
 
 
 		 (DCNS Canada)
  13 Leidos US 23 24 21
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Bechtel USA 24 27 36 40 44 44 39 34 36 44 35 29 46 34
 
 
 
 
 
 
 		 Russian Helicopters Russia 25 23 25 24 39 39 44 69 64 74
 
 
 
 
 
 
 
 
 
 
 		 Elbit
Systems		 Israel 26 29 30 35 38 38 33 28 32 39 46 54 50 44 48 49 63 64 Elbit Systems Ltd.
 
 		 Rheinmetall Air Defence (a) Germany 27 28 28 31 30 30 30 30 31 30 29 26 22 21 27 38 25 15 (Rheinmetall Canada Inc.)
 
 		 SAIC USA 28 34 31 12 12 12 12 11 12 13 13 14 14 13 12 14 15 25
 
 
 		 Israel Aerospace Industries Israel 29 32 35 39 41 41 36 36 35 33
 
 
 
 
 
 
 
 
 
 
 		 Orbital ATK US 30 33
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 AECOM US 31 18
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
 		 Saab Sweden 32 30 29 30 27 27 28 39 28 23 24 25 30 25 31 28 22 47 (Saab Technologies Canada)
1
 		 Booz Allen Hamilton USA 33 19 18 17 15 15 16 16 22 24 21 28 32 35 38 51 60 57
 
 
 		 Krauss-Maffei Wegmann Germany 34 70 61 63 57 57 56 46 39 41 62 58 53 51 52 42 47 41
 
 
 		 Aeronautics India 35 38 39 37 36 36 37 41 48 34 45 51 57 56 54 95 48 62
 
57   Mitsubishi Heavy Industries Japan 36                                    
 
 		 Tactical Missiles Russia 37 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Hanwha South Korea 38 53
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 CACI International US 39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16 5 Rockwell Collins USA 40 41 42 38 33 33 27 32 34 27 25 32 35 32 33
 
 
 		 (Rockwell Collins Canada)
 
 		 Rafael Advanced Defense Systems Israel 41 45 48 52 48 48 46 47 51
 
 
 
 
 
 
 
 
 
 
 
 		 Cobham UK 42 47 51 46 51 51 42 35 43 46 55 49 55 54 60 56 70 71
 
2
 		 Dassault Aviation France 43 58 50 55 60 60 54 53 38 35 22 27 23 28 45 32 33 19
 
21 16 Kawasaki Heavy Industries Japan 44 46 66 51 40 40 60 55 50 47 43 40 41 39 35
 		 26 39
 
  13 CSC Computer Sciences Corp USA 46 42 41 23 17 17 17 17 21 19 15 15 13 19 21 18 23 32
 
6 5 Korea Aerospace Industries South Korea 47 61 55 87 72 72
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Concern Radioelectronic Technologies Russia 48
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 ST Engineering Singa-pore 49 44 49 47 49 49 48 50 54
 
 		 53 47 41 43 40 45 66
 
 
 		 Serco UK 50 43 47 45 50 50 49 48 52
 
 
 
 
 
 
 
 
 
 
1
 		 LIG Nex South Korea 51 59 62 77 79 79 73
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Mantech USA 52 64 43 41 35 35 34 43 47 48 51 63 60 70
 
 
 
 
 
 
 		 Dyncorp International USA 53 51 38 28 34 34 31 33
 
 
 
 
 
 		 34 33 43 55
 
 
 		 Nexter France 54 57 63 70 61 61 51 54 69 51
 
 
 
 
 
 
 
 		 (Nexter Canada)
  11
 		 Exelis US 55 35 20 19
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Fincantieri Italy 56 56 53 59 64 64 67 80 86 62 73 67 61 57 57
 
 
 
 
96 79 Accenture US 57 63 72 75
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Aselsan Turkey 58 62 67 74 76 76 80 86 93 97
 
 
 
 
 		 80
 
 
 
5 17 Fluor USA 59 60 44 48 37 37 45 64 61
 
 
 
 
 
 
 
 
 
 
 
 		 Uralvagonzavod Russia 60 52
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
 		 Bharat Electronics India 61 76 74 69 69 69 64 62 74 58 76 77 81 77 81 74 67
 
 
 
 		 GKN UK 62 67 68 50 56 56 58 58 72 40 60 61 28 18 22 20 17 35
 
 
 		 Ultra Electronics UK 63 68 86 68
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Ultra Electronics Canada)
37 7 Oshkosh Truck (h) USA 64 48 27 21 18 18 13 31 41 42 44 52 59 48 65 72 99 94
 
 
 		 PAE US 65 74 85
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28 25 NEC Japan 66 66 75 44 55 55 63 72 58 59 53 56 69 75 61
 		 65 69
 
 
 		 Austal Australia 67
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Ukroboronprom Ukraine 68 92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 QinetiQ UK 69 65 58 57 52 52 43 44 30 36 27 38 37 37 41 34
 
 		 (QinetiQ Canada)
1
 		 Kongsberg Norway 70 71 57 58 53 53 50 57 66 85 58 81 78 66
 
 
 
 		 (Kongsberg Maritime)
 
 		 Engility US 71 54
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Turkish Aerospace Industries Turkey 72 78 80 85 83 83
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Vencore US 73
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10 3 Meggitt UK 74 75 65 66 70 70 76 70 63 82 66 87 95 97
 
 
 
 		 (Meggitt Training Systems Canada)
 
 		 CUBIC USA 75 81 76 73 73 73 75 82 83 71 75 84 88 86 84 73 100
 
 
 
 		 Moog US 76 79 73 76 75 75
 
 
 
 
 
 
 
 
 
 
 
 
 
11 14 Ana Holdings Japan 77 72
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Ruag Switzer-land 78 86 83 67 77 77 74 65 68 77 72 45 51 55 51 47 52
 
 
 
 		 Embraer Brazil 79 55 60 61 74 74 87 95 92
 		 89 93
 
 
 
 
 
 
 
 
 		 Curtiss Wright USA 80 84 82 82 80 80 78 76 77 75 78
 
 
 
 
 
 
 		 (Indal Technologies - Curtiss-Wright Corp)
149
 		 Mitsubishi Electric (c) Japan 81 77 59 53 54 54 57 42 49 50 47 48 48 52 44
 		 30 36
 
  12 CAE Canada 82 82 81 79 71 71 72 77 79 83 84 92 89 71 71 61 89 73 CAE
 
 		 RTI Russia 83 69 78 80 87 87 100
 		 99
 
 
 
 
 
 
 
 
 
 
 
 		 ViaSat USA 84 96 93 94
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Indra Spain 85 88 87 91 89 89 77 61 59 57 99 101 65 98 86 76 84 88
 
 
 		 AAR USA 86 80 77 71 66 66 68 89 90
 
 
 
 
 
 
 
 
 
 
 
 		 Ball Aerospace & Technologies (d) US 87 87 88 90 98 98
 
 
 
 
 
 
 
 
 
 
 
 
 
20
 		 IHI Japan 88 91 98 99
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Day & Zimmermann USA 89 95 97 98 99 99 93 87 88
 
 
 
 
 
 
 
 
 
 
 
 		 Israel Military Industries Israel 90 99 94 95 100 100 98 97 78 84 92 89 75 73 62 55 59 56
 
46
 		 Toshiba Japan
 		 91
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Chemring UK 92 85 69 60 62 62 69 73 87 100
 
 
 
 
 		 91
 
 
 
 
 		 Battelle USA 93 93 91 96 85 85 81 79 67 56 59 71 76 74 78
 
 
 
 
 
 		 Diehl Defence Holding Germany 94 90 84 84 68 68 66 83 60 52 63 62 58 49 53 45 54 34
 
23
 		 Fujitsu (e) Japan 95 98
 		 97 92 92 99 92 95 90
 
 
 
 
 
 
 
 
 
 
 		 Patria Finland 96 94 64 78 81 81 89 84 81 66
 		 95
 
 
 
 
 
 
 
 
 		 Denel South Africa 97 100
 		 96
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Telephonics US 98
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Nammo Norway 99 97
 
 
 		 95 95 93 91
 
 
 
 
 
 
 
 
 		 (Nammo Canada Inc.)
122 76 Komatsu Japan 100
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,359 765

Totals (in millions of Canadian dollars)

Sources:
(1) CPP Investments data comes form the Canada Pension Plan Investment Board
 Foreign Public Equity Holding as of March 31, 2016 (Data released May 2016)
Canadian Public Equity Holding as of March 31, 2016 (Data released May 2016)
Foreign Public Equity Holdings as of March 31, 2017 (Data released May 2017)

(2) The World's Top 100 War Industries are ranked by revenue from military contracts. (Compiled by Defense News)  Top 100 Defense Companies 2016
(Links to Defense News data on the "Top 100" during previous years, i.e., 1999 to 2015, can also be found at the above web page.)

(3) CANSEC 2017 Exhibitors (Canada's largest military trade show, Ottawa May 31-June 1, is organised by the Canadian Association of Defence and Security Industries)
CANSEC List of Exhibitors

Notes:
(a)    CPP investment was in Rheinmetall Air Defence AG's parent company, Rheinmetall AG
(b)    CPP investment was in Hewlett Packard Enterprise Co
(c)    CPP  investments were in Mitsubishi Electric ($96 million) and its parent company Mitsubishi Corp ($112 million)
(d)    CPP  investment was in Ball Aerospace & Technologies' parent company Ball Corp
(e)    CPP  investments in 2016 were in Fujitsu General ($10 million) and Fujitsu Ltd ($18 million); and in 2017 were in Fujitsu Ltd ($17 million) and Fujitsu General ($6 million)
(f)     CPP investments were in parent company, General Electric Co.
(g)   CPP investments were in SAIC Motor Corp
(h)    CPP investments were in parent company, Oshkosh Corp. 

Graphics:
The text of the Ian Baker cartoon (top right) has been changed.  Originally it said, "I got this one free with a happy meal."
The graphic (top left) is the handiwork of Richard Sanders.

Other COAT Tables about the CPP

Here are some Coalition to Oppose the Arms Trade (COAT) tables detailing CPP investments in  2017:

* $451 Million in 14 Nuclear-Weapons Producers

* $495 Million in 14 F35-Warplane Contractors

* Top Mining ($980 Million), Oil ($1.4 Billion), & Tobacco ($1.7 Billion) Companies

* $8.38 Billion in the "World's 20 Worst Companies"


COAT tables on CPP's 2016 investments:

* $11 Billion in banks making US$313 billion available to 26 nuclear-bomb makers

* $5.5 Billion in firms supporting Israeli Apartheid

* $6.8 Billion in banks making US$18.7 Billion available to 7 cluster-bomb makers.