Which companies profit the most from nuclear weapons?

May 2, 2019

PAX and the International Campaign to Abolish Nuclear Weapons (ICAN) have co-published a report showing extensive involvement of companies such as Lockheed Martin in the production of nuclear weapons.

Private companies are being paid at least $116 billion to build nuclear weapons, according to the report.

“Producing mass destruction: Private companies and the nuclear weapons industry” is part of the Don’t Bank on the Bomb project. It shows that nuclear armed governments have awarded contracts to companies including Huntington Ingalls Industries, Lockheed Martin, Honeywell International, General Dynamics and Jacobs Engineering to build nuclear weapons. These companies seek to profit from the production of weapons of mass destruction.

Stand outs
Among this group, a few companies stand out in terms of their overall nuclear weapon related activities, with billions of dollars in outstanding contracts. For example, Huntington Ingalls Industries, which is connected to several facilities in the US nuclear weapons complex, is part of more than $28 billion in outstanding contracts. Lockheed Martin is a close runner-up, connected to more than $25 billion in contracts.

PAX is a partner in the International Campaign to Abolish Nuclear Weapons, winner of the 2017 Nobel Peace Prize. As part of ICAN, PAX runs the Don’t Bank on the Bomb campaign, calling for divestment from the nuclear weapons industry.

Read the executive summary of Producing Mass Destruction 

Read the full report



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