Graphic by Richard SandersGraphic by Ian Baker, Caption by Richard SandersNew COAT research shows that the
Canada Pension Plan
is now investing $1.3 Billion in 36 of
the World's Top-100
War Industries.  This includes $559 million in
about 30 of these corporations whose subsidiaries will exhibit at the annual CANSEC military trade show in Ottawa (May 30-31, 2018)

Table by Richard Sanders,
Coalition to Oppose the Arms Trade (COAT)

Please distribute this information and cite COAT as the source along with this URL:
http://coat.ncf.ca/research/CPP/new-cpp-cansec-2018.htm

CPP
Investments
(in millions
of Canadian
dollars)
(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
2018
Exhibitors (3)

Companies in brackets are
Canadian subsidiaries
of the World's Top 100
War Industries
2017/
2018		 2016/
2017		 2
0
1
7		 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
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 2 4 3 3 2 2 2 2 2 2 2 2 (Boeing Canada Operations)
33 9 BAE Systems UK 3 3 3 3 3 3 3 2 2 2 3 4 4 4 4 3 4 3 (BAE Systems Canada)
36 21 Raytheon USA 4 4 4 4 4 5 5 6 6 6 5 5 5 5 3 4 3 4  
10 36 Northrop Grumman USA 5 6 6 5 6 6 6 3 4 4 4 3 3 3 5 5 6 7
 
30 19 General Dynamics USA 6 5 5 6 5 4 4 5 5 5 6 6 6 6 6 6 5 5 (GD Ordnance & Tactical Systems Cda)
(GD Land Systems-Cda)
(GD Mission Systems)
11
 		 Airbus Group Nether-
lands		 7 7 7 7
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Airbus Group Canada)
29 19 L-3 Technologies USA 8 9 10 11 10 9 9 9 9 8 8 8 13 11 12 20 25 34 (L-3 Canada Operations)
12
 		 Leonardo (i) Italy 9 8 9 10 8 8 8 8 8 9 9 11 11 9 9 15 26 28 (Leonardo DRS)
24 15 Thales France 10 10 12 9 11 11 11 11 12 11 11 9 9 7 7 7 8
 		 (Thales Canada)

 
 		 Almaz-Antei Russia 11 11 11 12 14 25 25 21 22 16 28 30 50
 
 
 
 
 
 
33 24 United Technologies USA 12 13 8 8 9 10 10 10 10 10 10 12 12 10 11 11 9 10
 
26 24 Huntington Ingalls Industries USA 13 12 13 13 13 13 13
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 United Aircraft Russia 14 16 14
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16
 		 Rolls Royce UK 15 14 15 14 16 16 16 18 23 17 16 17 18 18 17 18 15 18 (Rolls-Royce Canada)
2
 		 TEXTRON USA 16 18 17 17 18 19 19 20 21 23 26 36 33 27 23 26 19 20 (Textron Systems Canada)
66 52 Honeywell International USA 17 15 16 15 15 14 14 15 15 15 15 32 8 12 10 13 12 14
 

 		 13 Leidos US 18 23 24 21
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Hanwha South
Korea		 19 38 53
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Harris Corp US 20 17
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Harris Communications Systems)
57
 		 Mitsubishi Heavy Industries Japan 21 36
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
 		 Booz Allen Hamilton USA 22 33 19 18 17 15 15 16 16 22 24 21 28 32 35 38 51 60
 

 
 		 DCNS France 23 22 21 16 22 22 22 24 20 25 18 16 16 20 16 14
 
 		 (Naval Group Technologies Canada)
177 146 General Electric Aviation (f) USA 24 19 22 18 20 20 20 19 18 18 14 14 17 15 15 16 28 21 (General Electric Canada)

 
 		 GKN Aerospace UK 25 62 67 68 50 56 56 58 58 72 40 60 61 28 18 22 20 17
 

 
 		 Rheinmetall Air Defence (a) Germany 26 27 28 28 31 30 30 30 30 31 30 29 26 22 21 27 38 25 (Rheinmetall Canada Inc.)

 
 		 Elbit Systems Israel 27 26 29 30 35 38 38 33 28 32 39 46 54 50 44 48 49 63 Elbit Systems Ltd.

 
 		 Bechtel USA 28 24 27 36 40 44 44 39 34 36 44 35 29 46 34
 
 
 
 

 
 		 Babcock International UK 29 20
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Babcock Canada)

 
 		 AECOM USA 30 31 18
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Orbital ATK US 31 30 33
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Tactical Missiles Russia 32 37 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Israel Aerospace Industries Israel 33 29 32 35 39 41 41 36 36 35 33
 
 
 
 
 
 
 
 

 
 		 SAIC USA 34 28 34 31 12 12 12 12 11 12 13 13 14 14 13 12 14 15
 

 
 		 Hindustani Aeronautics India 35 35 38 39 37 36 36 37 41 48 34 45 51 57 56 54 95 48
 

 
 		 CACI International US 36 39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Rafael Advanced
Defense Systems		 Israel 37 41 45 48 52 48 48 46 47 51
 
 
 
 
 
 
 
 
 
4
 		 Saab Sweden 38 32 30 29 30 27 27 28 39 28 23 24 25 30 25 31 28 22 (Saab Technologies Canada)

 
 		 CSRA USA 39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
16 5 Rockwell Collins USA 40 40 41 42 38 33 33 27 32 34 27 25 32 35 32 33
 
 		 (Rockwell Collins Canada)
6 5 Korea Aerospace Industries South
Korea		 41 47 61 55 87 72 72
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Aerojet Rocketdyne USA 42
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 ST Engineering Singa-
pore		 43 49 44 49 47 49 49 48 50 54
 
 		 53 47 41 43 40 45
 
1
 		 LIG Nex South
Korea		 44 51 59 62 77 79 79 73
 
 
 
 
 
 
 
 
 
 
 

 
 		 Uralvagonzavod Russia 45 60 52
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 KBR USA 46
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Cobham UK 47 42 47 51 46 51 51 42 35 43 46 55 49 55 54 60 56 70
 

 
 		 ManTech USA 48 52 64 43 41 35 35 34 43 47 48 51 63 60 70
 
 
 
 
19 16 Safran France 49 21 20 23 25 26 26 25 24 27 22 19
 
 
 
 
 
 		 Safran

 
 		 Concern Radioelectronic
Technologies		 Russia 50 48
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 		 Dassault Aviation France 51 43 58 50 55 60 60 54 53 38 35 22 27 23 28 45 32 33
 
37 7 Oshkosh Truck (h) USA 52 64 48 27 21 18 18 13 31 41 42 44 52 59 48 65 72 99
 
96 79 Accenture USA 53 57 63 72 75
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Fincantieri Italy 54 56 56 53 59 64 64 67 80 86 62 73 67 61 57 57
 
 
 

 
 		 Serco UK 55 50 43 47 45 50 50 49 48 52
 
 
 
 
 
 
 
 
 

 
 		 Dyncorp International USA 56 53 51 38 28 34 34 31 33
 
 
 
 
 
 		 34 33 43
 

 
 		 Aselsan Turkey 57 58 62 67 74 76 76 80 86 93 97
 
 
 
 
 		 80
 
 

 
 		 Vectrus USA 58
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
 		 Bharat Electronics India 59 61 76 74 69 69 69 64 62 74 58 76 77 81 77 81 74 67
 

 
 		 PAE US 60 65 74 85
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Turkish Aerospace Industries Turkey 61 72 78 80 85 83 83
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Ukroboronprom Ukraine 62 68 92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5 17 Fluor USA 63 59 60 44 48 37 37 45 64 61
 
 
 
 
 
 
 
 
 

 
 		 Nexter France 64 54 57 63 70 61 61 51 54 69 51
 
 
 
 
 
 
 		 (Nexter Canada)
10 3 Meggitt UK 65 74 75 65 66 70 70 76 70 63 82 66 87 95 97
 
 
 		 (Meggitt Training Systems Canada)

 
 		 Embraer Brazil 66 79 55 60 61 74 74 87 95 92
 		 89 93
 
 
 
 
 
 

 
 		 Vencore US 67 73
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21 16 Kawasaki Heavy Industries Japan 68 44 46 66 51 40 40 60 55 50 47 43 40 41 39 35
 		 26
 
122 76 Komatsu Japan 69 100
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 CUBIC USA 70 75 81 76 73 73 73 75 82 83 71 75 84 88 86 84 73 100
 
1
 		 Kongsberg Norway 71 70 71 57 58 53 53 50 57 66 85 58 81 78 66
 
 
 		 (Kongsberg Geospatial)
 

 
 		 Engility US 72 71 54
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Austal Australia 73 67
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Ruag Switzer-
land		 74 78 86 83 67 77 77 74 65 68 77 72 45 51 55 51 47 52
 

 
 		 Ultra Electronics UK 75 63 68 86 68
 
 
 
 
 
 
 
 
 
 
 
 
 		 (Ultra Electronics Canada)

 
 		 Moog US 76 76 79 73 76 75 75
 
 
 
 
 
 
 
 
 
 
 
 
28 25 NEC Japan 77 66 66 75 44 55 55 63 72 58 59 53 56 69 75 61
 		 65
 

 
 		 Curtiss Wright USA 78 80 84 82 82 80 80 78 76 77 75 78
 
 
 
 
 
 		 (Indal Technologies -
Curtiss-Wright Corp)

 
 		 QinetiQ UK 79 69 65 58 57 52 52 43 44 30 36 27 38 37 37 41 34
 		 (QinetiQ Canada)
22
 		 12 CAE Canada 80 82 82 81 79 71 71 72 77 79 83 84 92 89 71 71 61 89 CAE
 
23
 		 Fujitsu (e) Japan 81 95 98
 		 97 92 92 99 92 95 90
 
 
 
 
 
 
 
 

 
 		 ViaSat USA 82
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 		 Viasat
 
149
 		 Mitsubishi Electric (c) Japan 83 81 77 59 53 54 54 57 42 49 50 47 48 48 52 44
 		 30
 

 
 		 Indra Spain 84 85 88 87 91 89 89 77 61 59 57 99 101 65 98 86 76 84
 

 
 		 AAR USA 85 86 80 77 71 66 66 68 89 90
 
 
 
 
 
 
 
 
 

 
 		 RTI Russia 86 83 69 78 80 87 87 100
 		 99
 
 
 
 
 
 
 
 
 

 
 		 Denel South
Africa		 87 97 100
 		 96
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Ball Aerospace and
Technologies (d)		 US 88 87 87 88 90 98 98
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Chemring UK 89 92 85 69 60 62 62 69 73 87 100
 
 
 
 
 		 91
 
 

 
 		 Patria Finland 90 96 94 64 78 81 81 89 84 81 66
 		 95
 
 
 
 
 
 

 
 		 Day & Zimmermann USA 91 89 95 97 98 99 99 93 87 88
 
 
 
 
 
 
 
 
 

 
 		 Israel Military Industries Israel 92 90 99 94 95 100 100 98 97 78 84 92 89 75 73 62 55 59
 

 
 		 Nammo Norway 93 99 97
 
 
 		 95 95 93 91
 
 
 
 
 
 
 
 		  

 
 		 Diehl Defence Holding Germany 94 94 90 84 84 68 68 66 83 60 52 63 62 58 49 53 45 54
 

 
 		 Battelle USA 95 93 93 91 96 85 85 81 79 67 56 59 71 76 74 78
 
 
 

 
 		 Telephonics US 96 98
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Japan Marine United Japan 97
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 		 Roketsan Turkey 98
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    LGS Innovations USA 99                                    
20
 		 IHI Japan 100 88 91 98 99
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,324 727     Totals


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 2017
(Links to Defense News data on the "Top 100" during previous years, i.e., 1999 to 2016, can also be found at the above web page.)

(3) CANSEC 2018 Exhibitors (Canada's largest military trade show, Ottawa May 30-31, is organised by the Canadian Association of Defence and Security Industries)
View the list of CANSEC 2018 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. 
(i)     Leonardo was formerly called Finmeccanica

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.


Here are some other COAT Tables about CPP investments in weapons industries and other unsustainable corporations

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.