Who Profits from Nuclear Bombs?
December 10, 2017
Don't Bank of the Bomb & Matthew Rocco / Fox Business
These 20 companies, which are the focus of this report, are involved in the nuclear weapons programmes of the United States, the United Kingdom, France and India. The full "Don't Bank on Bombs" report examines which financial institutions around the world invest in these companies through shares, bonds and loans.
Who Profits from Nuclear Bombs?
At a Glance: 20 Major Nuclear Weapons Companies
Don't Bank of the Bomb
These 20 companies, which are the focus of this report, are involved in the nuclear weapons programmes of the United States, the United Kingdom, France and India. The report examines which financial institutions around the world invest in these companies through shares, bonds and loans. [Read the 2016 Report here. -- EAW.]
Alliant Techsystems, or ATK, is involved in the manufacture of US nuclear-tipped ballistic missiles. It produces rocket propulsion systems for Trident II submarine-launched ballistic missiles and Minuteman III intercontinental ballistic missiles.
Babcock & Wilcox
The Babcock & Wilcox Company supplies the US government with various nuclear components for its defence programmes. It operates the Pantex plant of the National Nuclear Security Administration, where it modernizes nuclear warheads.
Babcock International is involved in the development of a new class of nuclear-armed submarine for the United Kingdom. It also assists with the maintenance of the country's existing fleet of Vanguard-class nuclear-armed submarines.
BAE Systems is involved in the development of a new class of nuclear-armed submarine for the United Kingdom to replace the Vanguard class. It is also part of a joint venture that is producing nuclear missiles for the French air force.
Bechtel manages the Los Alamos and Lawrence Livermore national laboratories in the United States, which research, design and develop nuclear weapons, and monitor the "safety and reliability" of the entire US nuclear weapons stockpile.
Boeing is involved in the maintenance of the 500 or so Minuteman III nuclear intercontinental ballistic missiles in the US arsenal. It is responsible for guidance, flight controls, secure codes, weapons systems testing and engineering.
The European Aeronautic Defence and Space Company, or EADS, is a Dutch company that produces and maintains submarine-launched nuclear missiles for the French navy, and is part of a joint venture that is building nuclear missiles for the French air force.
Finmeccanica holds a one-quarter share in MBDA, a joint venture that is building nuclear missiles for the French air force. The missiles are capable of being launched from the Mirage 2000N fighter plane and the new Rafale fighter plane.
GenCorp is involved in the design, development and production of land- and sea-based nuclear ballistic missile systems for the United States. It is currently producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.
General Dynamics provides maintenance, engineering and technical support for US nuclear- armed submarines. It built the Ohio- class submarines for the US navy, many of which are equipped with Trident nuclear-tipped missiles.
Honeywell International produces approximately 85 per cent of the non- nuclear components for US nuclear weapons. It is involved in simulated nuclear testing and the life-extension programme for the US navy's Trident II nuclear missiles.
Jacobs Engineering owns a one- third share in the Atomic Weapons Establishment, which designs, manufactures and maintains the nuclear warheads for the United Kingdom's submarine-launched intercontinental ballistic missiles.
Larsen & Toubro
Larsen & Toubro is involved in the design and construction of five nuclear-armed submarines for the Indian navy, each of which will be equipped with 12 missiles. The company has also tested a launch system for India's nuclear missiles.
Lockheed Martin is involved in the production and maintenance of nuclear weapons for both the United States and United Kingdom. It is responsible for the construction of submarine-launched Trident II D5 nuclear missiles.
Northrop Grumman leads a joint project responsible for producing and maintaining Minuteman III nuclear intercontinental ballistic missiles for the United States. Roughly 500 such missiles form the core of the US land- based nuclear arsenal.
Redhall Group operates within the nuclear weapons industry via contracts with the British Ministry of Defence carrying out mechanical and electrical engineering activities at the Atomic Weapons Establishment in Aldermaston and Burghfield.
Rolls-Royce is part of a joint venture in the United Kingdom to develop Successor, a new class of nuclear- armed submarine. It is also involved in the maintenance of the existing fleet of Vanguard-class nuclear-armed submarines.
Safran is part of a joint venture to build the new 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.
Serco owns a one-third share in the joint venture AWE-ML, which runs the British Atomic Weapons Establishment. It is responsible for manufacturing and maintaining the nuclear warheads for the country's submarine fleet.
Thales is part of a joint venture to build the new M51 submarine-launched nuclear missiles for the French navy, which each deliver multiple warheads. EADS's subsidiary Astrium is the lead contractor, whereas Thales is a main subcontractor.
These Companies Manage America's Stockpile
Matthew Rocco / Fox Business
(August 9, 2017) -- Some of the largest U.S. engineering and defense firms are responsible for managing the nation's nuclear weapons stockpile.
The National Nuclear Security Administration (NNSA), part of the Department of Energy, has three labs that maintain the "safety, security and effectiveness" of the nuclear stockpile.
Engineering giants AECOM (ACM) and Bechtel, one of the largest privately owned U.S. companies, hold contracts to operate two of the labs. BWX Technologies (BWXT), which manufactures nuclear components, and Honeywell (HON), an industrial powerhouse with a large defense business, also help manage America's nuclear weapons.
Los Alamos National Laboratory in New Mexico is run by a joint venture between AECOM, Bechtel, BWX and the University of California. AECOM acquired URS Corp., one of the initial companies involved in the consortium, for $6 billion in 2014. Los Alamos was founded during World War II as the top-secret location for designing a nuclear bomb.
Lawrence Livermore National Laboratory in California is managed by the same group but includes the Battelle Memorial Institute and Texas A&M University.
Sandia National Laboratories, located on Kirtland Air Force Base in Albuquerque, New Mexico, recently came under the management of Honeywell. The company took over Sandia in May 2017. Sandia labs, including a second campus near Lawrence Livermore, develop some of the non-nuclear parts used in nuclear weapons.
The labs establish the effectiveness of nuclear weapons without the use of tests, according to the NNSA. The U.S. hasn't tested a nuclear weapon since 1992.
The NNSA's broader mission extends to space exploration, renewable energy and other scientific endeavors. It also develops nuclear propulsion for U.S. Navy ships and researches defenses to weapons of mass destruction, including biological weapons.
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