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

in 2011

$17 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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This Italian company, with assets of US$49 billion began operations on January 1, 2011, when it was demerged from Fiat SpA. All three Fiat Industrial (FI) subsidiaries have links to Israelís military industrial complex and/or the illegal occupation of Palestine.

(1) Iveco

This wholly-owned FI subsidiary makes army trucks and has partnered with Israelís largest arms makers. For example, some of its military vehicles are fitted with remote-controlled weapons turrets built by Israelís largest war industry, Elbit Systems.

Other Iveco military vehicles are equipped with the Mobile Coastal Surveillance System. Its radar, which detects small targets at sea, is made by Elta, a subsidiary of Israel Aerospace Industries (IAI). IAI is Israelís second largest military contractor. (See "State-owned Israeli War Industries.")

(2) CNH Global

FI owns 89.3% of this Dutch maker of agricultural and construction equipment. The "Who Profits from the Occupation" website says construction vehicles made by CNH Global (Fiat Kobelco) have been used to build Israelís separation wall, checkpoints and illegal settlements in the occupied West Bank. And, it notes, Fiat equipment has been "used for uprooting trees from Palestinian land in the West Bank."

The "Who Profits" webpage about CNH Global has a YouTube video link described: "Fiat Kobelco machinery used in the construction of the Separation Wall." This video, recorded near Niílin, a town near Ramallah in the occupied West Bank, documents a 2008 rally in which Palestinians and Jews united to protest the construction of Israelís separation wall. In the clip, an Ex355 Fiat-Hitachi tracked excavator is seen behind a razor-wire barrier that cordoned off the wallís construction site. When protesters neared the site, Israeli troops fired at least two dozen tear gas canisters at them.

During their long struggle against Israelís occupation, hundreds of Niílin residents "have been wounded, dozens have been arrested" and several have been killed by Israeli forces.

(3) FPT Industrial

This FI subsidiary, which makes engines for vehicles made by Iveco and Fiat SpA, now owns 50% of VM Motori SpA, an Italian maker of diesel-engines. Its 2.8-litre, 156-horsepower engines drive the latest "Storm 3" jeeps used by Israelís military and police. These jeeps, assembled in Israel, are made by Chrysler which is now largely owned by Fiat SpA. VM Motori engines are also used in Israelís armoured "Sufa [or Storm] 2" jeeps.



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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Fiat Industrial SpA


Elbit Systems Awarded Ä25 Million Contract to Supply Austrian Army with 12.7M Weapon Stations, May 18, 2009.

Elbit Systems Ltd.ís Aeroeletronica Ltd. Secures Framework Contract Valued At Up To $260 Million, Reuters, January 6, 2011.

Email correspondence (July 17, 2011) between Carlo Tombola, Coordinatore scientifico, Osservatorio Produzione Armi Leggere e Politiche di Sicurezza, and Richard Sanders, Coordinator, Coalition to Oppose the Arms Trade.

CNH Global (Fiat Kobelco)

Niíilin 17.9.2008


"Mass Demo against the wall and in commemoration of Sabra and Shatila Ė Niíilin, Wednesday 17.9," September 11, 2008.