United States: Aecom is involved in the management of the Nevada National Security Site (NNSS) where subcritical testing to maintain and modernise the US nuclear arsenal take place.

Tweet: Now is a great time for @AECOM to get out of the #nuclearweapons business and just say #goodbyenukes Now is a great time for @AECOM to get out of the #nuclearweapons business and just say #goodbyenukes

Company profile

Aecom is based in the United States and provides professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. 1

In the financial year ending 30 September 2014, Aecom reported revenues of US$ 8.4 billion (€ 6.6 billion), resulting in an operating income of US$ 353 million (€ 278 million) and a net income of US$ 230 million (€ 181 million). 2 In October 2014, Aecom acquired US technology and engineering company URS. 3

Nuclear weapons

Together with partners Babcock & Wilcox, CH2M Hill and Northrop Grumman, Aecom is a joint venture partner in National Security Technologies (NSTec). The exact ownership distribution is not known. Since 2006, NSTec has managed the Nevada National Security Site (NNSS), previously known as the Nevada Test Site. 4 The US$ 3.1 billion (€ 2.3 billion) contract includes operation and maintenance of over 500 facilities and laboratories as well as associated infrastructure, vehicles, and IT/communications. 5 The NNSS is the only US nuclear test site where subcritical tests are still taking place, and is a critical facility for the modernisation of the US nuclear arsenal. The most recent subcritical test was the Pollux test in December 2012. 6 In the financial years 2014 to 2016, the National Nuclear Security Administration (NNSA) is planning the Lyra-series of three scaled-integral implosion experiments; these include Vega, a subcritical experiment in the NNSS complex using a plutonium pit. 7

The joint venture is responsible for managing the nuclear explosives safety team, as well as support hazardous chemical spill testing, and emergency response training, among other tasks. 8 Aecom states that it specifically oversees remote field experiments, multiple laboratory operations, waste management systems, and the design and fabrication of electronic, mechanical and structural systems at the NNSS. 9

Through its acquisition of URS in October 2014, Aecom is now also involved in the Lawrence Livermore (LLNL) and Los Alamos National Laboratories (LANL), which are jointly managed by Babcock & Wilcox, University of California, Bechtel and URS Corporation. The Livermore partnership also includes Battelle and Texas A&M University. 10 LLNL and LANL play an important role in the research, design, development and production of nuclear weapons. 11

The LANL contract alone, which was awarded in 2006, has a total value of US$14 billion (€ 10 billion). 12 Despite substandard performance in recent years, the consortium managing the LANL was granted a waiver extending the contract through 2018. This was subsequently revoked and reduced to 2017. However, the Department of Energy cut the fees in recent years, by 90% in 2014 alone, citing a “significant or ‘First Degree’ performance failure” of the contractor. Despite the waiver, the contractor could ultimately still end up losing the contract due to poor performance. 13

The contract for LLNL was awarded in 2007 and currently runs through September 2019. 14 The maximum possible fee to be collected under the contract is US$ 45.5 million (€ 37.6 million) a year. 15 At both LLNL and LANL, the National Nuclear Security Administration was criticised for renewing contracts despite poor performance of the contractors. 16



The following financial institutions have made approximately USD 19,272 million available to this producer since January 2012.

  • Allianz (Germany)
  • Anchor Bolt Capital (United States)
  • ANZ (Australia)
  • Auto-Owners Insurance (United States)
  • AXA (France)
  • Banco Bilbao Vizcaya Argentaria (BBVA) (Spain)
  • Bank of America (United States)
  • Bank of Communications (China)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • BB&T (United States)
  • BlackRock (United States)
  • BMO Financial Group (Canada)
  • BNP Paribas (France)
  • BPCE Group (France)
  • Capital Group (United States)
  • Capital One Financial (United States)
  • Central Bank of Libya (Libya)
  • Chiba Bank (Japan)
  • CI Financial (Canada)
  • Citigroup (United States)
  • City National Corporation (United States)
  • Comerica (United States)
  • Commerzbank (Germany)
  • Crédit Agricole (France)
  • Dimensional Fund Advisors (United States)
  • E.SUN Financial (Taiwan)
  • Fidelity Investments (United States)
  • Fidelity Worldwide Investment (United Kingdom)
  • Fifth Third Bancorp (United States)
  • First Financial Holding (Taiwan)
  • Franklin Resources (United States)
  • Geode Capital Management (United States)

  • Goldman Sachs (United States)
  • Greenlight Capital (United States)
  • Hotchkis & Wiley Capital Management (United States)
  • HSBC (United Kingdom)
  • Hua Nan Financial (Taiwan)
  • Invesco (United States)
  • Ivory Investment Management (United States)
  • JPMorgan Chase (United States)
  • KeyCorp (United States)
  • Lord, Abbett & Co (United States)
  • Lyrical Partners (United States)
  • M&T Bank (United States)
  • Macquarie Group (Australia)
  • Manulife Financial (Canada)
  • Mega Financial (Taiwan)
  • MetLife (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Mizuho Financial (Japan)
  • Morgan Stanley (United States)
  • Muzinich & Co (United States)
  • Neuberger Berman (United States)
  • New Jersey Department of the Treasury (United States)
  • New Mountain Capital (United States)
  • New York Life Insurance Company (United States)
  • Northern Trust (United States)
  • Northwestern Mutual Life Insurance (United States)
  • Norwegian Government Pension Fund (Norway)
  • Orix Corporation (Japan)
  • Pictet (Switzerland)
  • Polar Capital Holdings (United Kingdom)
  • Poplar Forest Capital (United States)

  • Power Financial Corporation (Canada)
  • Primecap Management (United States)
  • Principal Financial Group (United States)
  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Pzena Investment Management (United States)
  • Royal Bank of Scotland (United Kingdom)
  • S&T Bancorp (United States)
  • Scotiabank (Canada)
  • SinoPac Holdings (Taiwan)
  • Standard Chartered (United Kingdom)
  • State Bank of India (India)
  • State Street (United States)
  • State Teachers Retirement System of Ohio (United States)
  • Steinberg Asset Management (United States)
  • Sumitomo Mitsui Financial (Japan)
  • SunTrust (United States)
  • Taiwan Business Bank (Taiwan)
  • Taiwan Cooperative Financial (Taiwan)
  • Taiwan Financial Holding (Taiwan)
  • Thornburg Investment Management (United States)
  • TIAA-CREF (United States)
  • Toronto-Dominion Bank (Canada)
  • UBS (Switzerland)
  • UniCredit (Italy)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Wedge Capital Management (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Westpac Banking (Australia)

Contact Information




[last updated 16 October 2015]



  1.   AECOM, “About”, Website AECOM (, viewed May 2015.
  2.       AECOM, “Annual Report 2014”, AECOM, November 2014.
  3.   Aecom, “Aecom completes acquisition of URS Corporation”, News release Aecom, 17 October 2014 (
  4.    National Security Technologies, “NSTec, Who we are…”, Website National Security Technologies (, viewed May 2015;
    AECOM, “10-K Annual Report 2013”, AECOM, November 2013 (
    InsideDefense, “DOE Awards Northrop Grumman Nevada Test Site Management and Operations Contract”, InsideDefense, 29 March 2006.
  5.           AECOM, “Annual Report 2014”, AECOM, November 2014..
  6.          Nevada Site Office, “NNSA Conducts Pollux Subcritical Experiment at Nevada National Security Site”, Website Nevada Site Office, 6 December 2012 (;
    Licherman, A., “Issue Update – Subcritical tests”, Western States Legal Foundation, 2012 (–Subcritical%20Tests%20Fall%202012.pdf).
  7.        Office of Research, Development, Test and Evaluation, “Stockpile Stewardship Quarterly”, National Nuclear Security Administration (NNSA), March 2015 (;
    Furlanetto, M.R., “Stockpile Stewardship through Subcritical Experiments”, Los Alamos National Laboratory, 19 February 2014 (
  8.            CH2M HILL, “CH2M HILL awarded joint venture contract to provide support and infrastructure expertise at the Nevada Test Site”, Media release CH2M HILL, 3 April 2006 (
  9.       AECOM, “Annual Report 2014”, AECOM, November 2014.
  10.      Babcock & Wilcox, “Lawrence Livermore National Laboratory (LLNL)”, Website Babcock & Wilcox (, viewed May 2015;
    Babcock & Wilcox, “Los Alamos National Laboratory (LANL)”, Website Babcock & Wilcox (, viewed May 2015;
    National Nuclear Security Administration, “Our locations”, Website National Nuclear Security Administration (/, viewed May 2015;
    Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (;
    Mello, G., “The US nuclear weapons complex: Pushing for a new production capability”, The Bulletin, 20 March 2008 (, viewed May 2015;
    Bechtel, “US National Laboratories”, Website Bechtel (, viewed May 2015.
  11.          Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (;
    National Nuclear Security Administration (NNSA), “Lawrence Livermore National Laboratory (LLNL): Nuclear design and engingeering and high explosive research & development (R&D)”, Website NNSA (, viewed June 2015;
    Los Alamos National Laboratory, “National Security, Weapons Science”, Website Los Alamos National Laboratory (, viewed June 2015.
  12.           URS, “Los Alamos National Laboraroty”, Website URS (, viewed May 2015.
  13.     NNSA Los Alamos Site Office, “Amendment of solicitation/Modification of contract – Contract No. DE-AC52-06NA25396, Modification No. 264”, Department of Energy, 16 April 2014 (
    Project on Government Oversight, “Nuclear Contractor’s Award Fee Slashed by 90 Percent”, Website Project on Government Oversight, 6 January 2015 (;
    Oswald, M., “Feds slash management fee for LANL contractor”, Website Alberquerque Journal, 30 December 2014 (;
    Gerew, G, “Los Alamos management gets contract extension despite low score”, Website Bizjournals, 17 January 2013 (
  14.          Lawrence Livermore National Security, “LLNS, LLC Prime Contract Documents”, Website Lawrence Livermore National Security (, viewed May 2015.
  15.   Inside the Pentagon, “University of California, Bechtel Consortium wins Livermore Contract”, Inside Defense, 10 May 2007.
  16.    Global Security Newswire, “NNSA Defends Contract Extensions but Congressional Scrutiny Expected”, Website NTI, 12 March 2013 (


In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.


The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.