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

in 2011

$3 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israelís Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
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For four decades, this South Korean holding company, with current assets of US$14.6 billion, has produced main battle tanks, armoured troop carriers, self-propelled howitzers, ammunition-supply vehicles, ground-to-air missiles and numerous other weapons used by the armies, navies and air forces of US allies.

Warplane components

In 1995, one of Doosanís divisions, Mottrol, developed the "[h]ydraulic [pump] system and electro-hydraulic servo valve for UH-60 helicopter[s]." Doosan had originally entered the aerospace business in 1984 when its Infracore division began supplying US weapons-maker General Dynamics with airframe parts for the F-16 fighter/bomber. The US has been transferring UH-60 "Black Hawk" military helicopters and F-16 warplanes to the Israel Air Force for decades. Israel has used these aircraft in numerous missions including the attacks on Lebanon (2006) and Gaza (2008-2009).

Milling hardware

Doosan has also supplied manufacturing hardware to Israelís Ashot Ashkelon Industries (AAI), a subsidiary of weapons maker, Israel Military Industries Ltd. (IMI). AAI website says the company uses Doosan-HM800 Horizontal Milling equipment. AAI is a leading manufacturer for Israelís three government-owned war contractors: Israel Aerospace Industries, Rafael and IMI. (See "State-owned Israeli War Industries.")

AAIís customers also include Sikorsky, which produced Israelís UH-60 and CH-53 "Sea Stallion" military helicopters. AAI also supplies parts to Renk (Germany) and Urdan (Israel), which make the transmission systems and ballistic steel materials, respectively, for Israelís Main Battle Tanks. AAI is itself a leading manufacturer of gear-based and drive-train products for tanks, armoured troop carriers and other army vehicles. It also makes tungsten-based, armour-piercing penetrators and fragmentation parts for anti-tank ammunition.

Building the Wall and Checkpoints

Doosan is also deeply complicit in Israelís military occupation of Palestine through its subsidiary, Bobcat. The Bobcat Company, being a business of Doosan Infracore International, a US-based subsidiary of Doosan Infracore, is part of the Doosan Corp. empire. It manufactures construction equipment that has been used to build Israelís separation wall as well as various checkpoints in the occupied territories. Doosanís construction machinery is almost exclusively powered by engines made by Kubota Corp. (See Kubota in table "CPP Investments.")

The "Who Profits from the occupation" website reveals that Bobcatís sole representative in Israel is Emcol. This Israeli company supplies construction tools and equipment used to build settlement infrastructure in the West Bank, including the segregated roads that are reserved for Israeli use only and cannot be travelled on by Palestinians.



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
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:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


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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2010 Auditorís Report

R&D Overview

Establishment and Development

Launches Doosan DST, Defense Industry Company, January 05, 2009.

Sikorsky UH-60 Black Hawk

Equipment & Machinery List, March 2008.

Defense References

Merkava 4 Main Battle Tank, Israel


Bobcat Company