“Who’s Financing Them?
Which banks, pension funds, insurance companies, asset managers and other financial institutions around the globe are financing the 20 major nuclear weapons companies examined in this report?
SUMMARY OF GERMAN FINDINGS
The report found that 11 German financial institutions invest in companies that manufacture nuclear weapons and their delivery systems for the United States, the United Kingdom and France. Deutsche Bank, Allianz, BayernLB and Commerzbank invest most heavily.
Allianz has major shareholdings and/or bondholdings in nine US, British and French nuclear weapons producers: Alliant Techsystems, BAE Systems, Boeing, General Dynamics, Honeywell International, Lockheed Martin, Northrop Grumman, Safran and Serco. Its biggest shareholdings are in Boeing (US$353 million) and Northrop Grumman (US$339 million), which manufacture US long-range nuclear missiles, and Lockheed Martin (US$295 million), which works on British and US nuclear weapons.
BayernLB has provided loans totalling an estimated US$900 million in recent years to seven nuclear weapons producers: Babcock International, BAE Systems, Boeing, EADS, Finmeccanica, Rolls‑Royce, Serco Group. These companies are engaged in various activities, including the manufacture of French nuclear missiles and production of a new fleet of British nuclear-armed submarines.
Commerzbank has provided loans totalling an estimated US$800 million in recent years to seven nuclear weapons producers: BAE Systems, Boeing, EADS, Finmeccanica, Rolls‑Royce, Safran and Thales. It has also participated in the recent bond issues of three of these companies.
DekaBank owns bonds worth US$12.8 million in Dutch company EADS and US$10.4 million in French company Thales, both of which produce French nuclear missiles.
Deutsche Bank owns shares or bonds in, or has recently provided loans to, the following 13 nuclear weapons producers: Alliant Techsystems, BAE Systems, Boeing, EADS, Finmeccanica, GenCorp, General Dynamics, Honeywell International, Lockheed Martin, Northrop Grumman, Rolls‑Royce, Safran and Thales. Its largest investments are in BAE Systems (US$715 million), Boeing (US$561), Honeywell International (US$548 million), Northrop Grumman (US$468 million) and Thales (US$449 million).
DZ Bank loaned an estimated US$111 to EADS in April 2011 and an estimated US$92 million to Finmeccanica in 2009. It also owns US$8 million worth of bonds in Thales. All three companies are involved in the production of French nuclear missiles.
Helaba loaned an estimated US$111 to EADS in April 2011.
KfW loaned an estimated US$111 to EADS in April 2011.
Landesbank Baden-Wurttemberg loaned an estimated US$92 million to Finmeccanica in July 2008.
Munich Re’s subsidiary owns US$43 million worth of bonds in BAE Systems.
Universal-Investment-Gesellschaft owns US$740,000 worth of shares in the Redhall Group, a frequent contractor at the British Atomic Weapons Establishment.”
(Quelle: Don’t Bank on the Bomb.)