Boeing

Boeing is contracted to help keep the Minuteman III nuclear intercontinental ballistic missiles operational in the US nuclear arsenal until 2030.  Boeing will also be producing the new Ground Based Strategic Deterrent system for the US, designed to replace the Minuteman III system.  Boeing is also producing the guided tail kit for the new B61-12 US nuclear gravity bomb (the ones meant to be deployed to Europe).  In addition, Boeing also has contracts for key components for US and UK Trident II (D5) nuclear weapons.

Company profile

Boeing, based in the US, is the world’s largest aerospace company and a leading manufacturer of jetliners and military, space and security systems. Its products and services include commercial and military aircraft, satellites, bombs and missiles, electronic and military systems, launch systems, advanced information and communication systems, and performance-based logistics and training.[1]

In the financial year ending 31 December 2016, Boeing reported revenues of US$ 94.6 billion (€ 89.8 billion), resulting in an operating income of US$ 5.8 billion (€ 5.5 billion) and a net income of US$ 4.9 billion (€ 4.7billion).[2]

 

Contact Information

Contact information

 

Website: Twitter: Facebook
www.boeing.com/ @Boeing www.facebook.com/boeing

Boeing Corporate Offices
100 North Riverside
Chicago, Illinois 60606 USA
+1.312.544.2000

Nuclear Weapons

Since 1958, Boeing has been responsible for the development and production of the US long-range nuclear LGM-30 Minuteman Intercontinental Ballistic Missiles (ICBM) (versions I, II and III). All Minuteman I and II have been retired.[3] However, 400 Minuteman III are currently deployed and they are expected to stay active until at least 2030. The Air Force “plans to replace the missiles with a new Ground-based Strategic Deterrent (GBSD) around 2030”.[4] Boeing was one of the three parties (Northrop Grumman and a coalition led by Lockheed Martin were the other parties) in the running for the US Air Force’s GBSD Technology Maturation & Risk Reduction (TMRR) contract.[5] In August 2017, Boeing (along with Northrop Grumman) won the contract to: “conduct technology maturation and risk reduction to deliver a low technical risk, affordable total system replacement of Minuteman III to meet intercontinental ballistic missiles operational requirements.” Boeing was awarded a US$ 349.2 million (€ 297.0 million) contract. Work is expected to be completed in August 2020.[6]

Boeing is in charge of guidance, flight controls, secure codes and ground subsystems, as well as designing, testing, modernizing and repairing ICBM systems and components. The modernisation programme is meant to extend the service life of Minuteman III through the year 2030.[7] In early 2015, the US Air Force awarded US$ 51.2 million (€ 45.3 million) to Boeing to provide sustaining engineering support and programme management support services for ICBM guidance systems. Work is expected to be completed by February 2023.[8] The contract has been modified several times, including a US$ 15.6 million (€ 14.2 million) one-year award in January 2016, a US$ 8.1 million (€ 7.2 million) two-year award in June 2016, a US$ 13.3 million (€ 12.5 million) two-year award in November 2016 and a US$ 15.6 million (€ 14.5 million) one-year award in January 2017.[9] In August 2017 Boeing allegedly stated that it would be cheaper to completely replace the Minuteman III with the new Ground Based Strategic Deterrence (GBSD).[10]

In June 2015, the Air Force Nuclear Weapon Center awarded Boeing a US$ 466.5 million (€ 423.3 million) contract for Minuteman III guidance repair. Work is expected to be completed by June 2021.[11] In October 2015, Boeing obtained a US$ 110.1 million (€ 96.8 million) award for replacement of the Minuteman III telemetry, test and termination systems running until August 2019.[12]

In September 2014, Boeing obtained a maximum value US$ 13.9 million (€ 10.6 million) contract by the US Navy’s Strategic Systems Programs to provide the Trident II (D5) Navigation Subsystem with component production and technical support services of the navigation system, test equipment and software modernization, and repair of the system, for the United States and United Kingdom. Work was expected to be completed in June 2017, as of writing it is unclear whether this work is completed.[13]

In December 2014, Boeing was awarded a US$ 39.5 million (€ 32.0 million) contract with options of up to US$ 80.2 million (€ 64.9 million) to provide the US and UK Trident II (D5) maintenance, repair, and rebuilding and technical services in support of the navigation subsystem. Work was expected to be completed in September 2017.[14] The contract is followed up by an October 2016 US$ 32.8 million (€ 29.2 million) award. Work is expected to be completed in September 2019. If all options are exercised, the contract will run until September 2020 with a maximum value of US$ 88.9 million (€ 79.0 million).[15]

In October 2015, Boeing was awarded US$ 11.8 million (€ 10.4 million) for engineering and manufacturing development of the B61-12 tail-kit assembly for the replacement of the parachute system to be finalized by July 2017.[16] In April 2017 the tail-kit was successfully tested.[17] Boeing’s initial three-year contract for the design, development and qualification phase of the B61 (Mod 12) life-extension running until 2015 had a value of US$ 178 million (€ 137.6 million).[18] The B61 is a nuclear gravity bomb with the oldest warhead design in the US-stockpile.[19]

Since 2013, Boeing along with Lockheed Martin, Northrop Grumman and Raytheon, have been under contract to conduct studies in support of the Air Force Long-Range Standoff (LRSO) missile plans.[20] Reportedly the US Nuclear Weapons Council in October 2014 selected the W80-1 thermonuclear warhead for the LRSO nuclear cruise missile, scheduled for deployment in 2027. After modification during a life-extension programme, the warhead will be dubbed W80-4.[21] In June 2017, the United States Secretary of Defense indicated to a Senate Appropriations subcommittee that a decision had not yet been taken regarding the LRSO weapon. However, in August 2017, Boeing received an initial US$ 59.5 (€ 50.6) contract to begin work on the LRSO. Work is planned to be completed at the end of 2019. Further contracts for the LRSO are expected.[22]

Investors

 

Investors

The following financial institutions have made approximately US$ 87,010 million available to this producer between January 2014 and October 2017.

  • Abu Dhabi Investment Council (United Arab Emirates)
  • Academy Securities (United States)
  • Aegon (Netherlands)
  • Allianz (Germany)
  • Allstate (United States)
  • American Equity (United States)
  • American International Group (AIG) (United States)
  • Ameriprise Financial (United States)
  • ANZ (Australia)
  • Apto Partners (United States)
  • AXA (France)
  • Banco Bilbao Vizcaya Argentaria (BBVA) (Spain)
  • Bank of America (United States)
  • Bank of China (China)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • BayernLB (Germany)
  • BlackRock (United States)
  • Blaylock Beal Van (United States)
  • BNP Paribas (France)
  • Cantor Fitzgerald (United States)
  • Capital Group (United States)
  • CastleOak Securities (United States)
  • CAVU Securities (United States)
  • Central Bank of Libya (Libya)
  • Charles Schwab (United States)
  • Citigroup (United States)
  • CL King & Associates (United States)
  • Commerzbank (Germany)
  • Crédit Agricole (France)
  • Credit Suisse (Switzerland)
  • DBS (Singapore)
  • Deutsche Bank (Germany)

  • Divine Capital Markets (United States)
  • Drexel Hamilton (United States)
  • Evercore (United States)
  • Fidelity Investments (United States)
  • Geode Capital Management (United States)
  • Goldman Sachs (United States)
  • Goto Capital Markets (United States)
  • Great Pacific Securities (United States)
  • Guzman & Co (United States)
  • Huntington Bancshares (United States)
  • ICICI Bank (India)
  • Industrial and Commercial Bank of China (China)
  • Intesa Sanpaolo (Italy)
  • Janus Henderson Group (Jersey)
  • JPMorgan Chase (United States)
  • Lebenthal Holdings (United States)
  • Legg Mason (United States)
  • Lloyds Banking Group (United Kingdom)
  • Loop Capital (United States)
  • LSV Asset Management (United States)
  • Mackie Research Financial  (Canada)
  • Macquarie Group (Australia)
  • Manulife Financial (Canada)
  • MBS (United States)
  • MetLife (United States)
  • MFR (United States)
  • Mischler Financial Group (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Mizuho Financial (Japan)
  • Morgan Stanley (United States)
  • National Bank of Abu Dhabi (United Arab Emirates)
  • New York Life Insurance (United States)
  • Northern Trust (United States)

  • Northwestern Mutual Life Insurance (United States)
  • Penserra Capital Management (United States)
  • Power Financial Corporation (Canada)
  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Riyad Bank (Saudi Arabia)
  • Royal Bank of Canada (Canada)
  • Royal Bank of Scotland (United Kingdom)
  • Santander (Spain)
  • SAR Holding (United States)
  • Siebert Brandford Shank Financial (United States)
  • Siebert Capital (United States)
  • Société Générale (France)
  • Standard Chartered (United Kingdom)
  • State Bank of India (India)
  • State Farm (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • SunTrust (United States)
  • T. Rowe Price (United States)
  • Telsey Advisory Group (United States)
  • TIAA (United States)
  • Travelers (United States)
  • Tribal Capital Partners (United States)
  • UBS (Switzerland)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Voya Financial (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Westpac (Australia)
  • White Mountains Insurance (Bermuda)
  • Williams Capital Group (United States)

Notes

 

 

 Notes

 

[1]     Boeing, “Boeing in Brief”, Website Boeing (www.boeing.com/company/general-info/), viewed August 2017.

[2]     Boeing, “Annual Report 2016”, Boeing, February 2017.

[3]     Boeing, “LGM-30 Minuteman Missile”, Website Boeing (www.boeing.com/history/products/lgm-30-minuteman.page), viewed August 2017.

[4]     Woolf, A.E., “US Strategic Nuclear Forces: Background, Developments and Issues”, Congressional Research Service, 10 February 2017 (www.fas.org/sgp/crs/nuke/RL33640.pdf).

[5]     Woolf, A.E., “US Strategic Nuclear Forces: Background, Developments and Issues”, Congressional Research Service, 10 March 2016 (www.fas.org/sgp/crs/nuke/RL33640.pdf).      Boeing, “Boeing Statement on Ground Based Strategic Deterrent Request for Proposal”, Press Release, 11 October 2016; Magnuson, S., “Air Force on a Long Road to Replace Minuteman III”, National Defense Magazine, 23 July 2017 (www.nationaldefensemagazine.org/articles/2017/7/23/air-force-on-a-long-road-to-replace-minuteman-iii).

[6]     U.S. Department of Defense, “Daily contracts – Contract FA819-17-C-0001”, Website U.S. Department of Defense, 21 August 2017 (www.defense.gov/News/Contracts/Contract-View/Article/1284769/).

[7]     Space Daily, “Air Force Awards TRW $215 Million Contract for ICBM Motors”, Website Space daily (www.spacedaily.com/reports/Air_Force_Awards_TRW_$215_Million_Contract_for_ICBM_Motors.html), viewed June 2016; Woolf, A.E., “US Strategic Nuclear Forces: Background, Developments and Issues”, Congressional Research Service, March 2016 (www.fas.org/sgp/crs/nuke/RL33640.pdf).

[8]     U.S. Department of Defense, “Daily contracts – Contract FA8214-15-C-0001”, Website U.S. Department of Defense, 8 January 2015 (www.defense.gov/contracts/contract.aspx?contractid=5454).

[9]     U.S. Department of Defense, “Daily contracts – Modification P00009 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 29 January 2016 (www.defense.gov/Contracts/Contract.aspx?ContractID=5555); U.S. Department of Defense, “Daily contracts – Modification P00016 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 31 May 2016 (www.defense.gov/News/Contracts/Contract-View/Article/785080); U.S. Department of Defense, “Daily contracts – Modification P00016 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 2 August 2016 (www.defense.gov/News/Contracts/Contract-View/Article/885939/); U.S. Department of Defense, “Daily contracts – Modification P00014 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 26 November 2016 (www.defense.gov/News/Contracts/Contract-View/Article/1015247/); U.S. Department of Defense, “Daily contracts – Modification P00031 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 27 January 2017 (www.defense.gov/News/Contracts/Contract-View/Article/1062990/); ;

[10]    U.S. Department of Defense, “Daily contracts – Modification P00009 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 29 January 2016 (www.defense.gov/Contracts/Contract.aspx?ContractID=5555); U.S. Department of Defense, “Daily contracts – Modification P00016 to contract FA8214-15-C-0001”, Website U.S. Department of Defense, 31 May 2016 (www.defense.gov/News/Contracts/Contract-View/Article/785080) Freedberg, S., “New ICBM Cheaper Than Upgraded Minuteman: Boeing On GBSD”, Website Breaking Defense, 2 August 2017 (www.breakingdefense.com/2017/08/new-icbm-cheaper-than-upgraded-minuteman-boeing-on-gbsd/).

[11]    U.S. Department of Defense, “Daily contracts – Contract FA8214-15-D-0002”, Website U.S. Department of Defense, 3 June 2015 (www.defense.gov/Contracts/Contract.aspx?ContractID=5555).

[12]    U.S. Department of Defense, “Daily contracts – Modification P00007 to contract FA8414-15-C-0001”, Website U.S. Department of Defense, 2 October 2015 (www.defense.gov/News/Contracts/Contract-View/Article/621697).

[13]    Department of the Navy, “Justification and approval for the use of other than full and open competition”, Department of the Navy, October 2014 (www.fbo.gov/utils/view?id=398459015e31293c52f4d6ecf54c90e9);
U.S. Department of Defense, “Daily contracts – Contract N00030-14-C-0025 “, Website U.S. Department of Defense, 30 September 2014 (www.defense.gov/Contracts/Contract.aspx?ContractID=5387).

[14]    U.S. Department of Defense, Daily contracts – Contract N00030-15-C-0002”, Website U.S. Department of Defense, 23 December 2014 (www.defense.gov/contracts/contract.aspx?contractid=5445’).

[15]    U.S. Department of Defense, Daily contracts – Contract N00030-17-C-0002”, Website U.S. Department of Defense, 3 October 2016 (www.defense.gov/News/Contracts/Contract-View/Article/962429/).

[16]    U.S. Department of Defense, “Daily contracts – Modification P00049 to contract FA2103-13-C-0006”, Website U.S. Department of Defense, 13 October 2015 (www.defense.gov/News/Contracts/Contract-View/Article/622943).

[17]    Air Force Nuclear Weapons Center Public Affairs, “Inert nuclear gravity bomb passes first F-16 flight test”, Website Kirtland Air Force Base (www.kirtland.af.mil/News/Article-Display/Article/1153976/inert-nuclear-gravity-bomb-passes-first-f-16-flight-test/#.WPacBgTsIcw.mailto), 13 April 2017.

[18]    Boeing, “Boeing receives $178 million contract for B61 tail kit assembly”, News release Boeing, 27 November 2012 (boeing.mediaroom.com/2012-11-27-Boeing-Receives-178-Million-Contract-for-B61-Tail-Kit-Assembly);
U.S. Department of Defense, “Daily contracts – Contract FA2103-13-C-0006”, Website U.S. Department of Defense, 27 November 2012 (archive.defense.gov/Contracts/Contract.aspx?ContractID=4924).

[19]    Roulo, C., “Defense officials detail nuke upgrade program”, U.S. Department of Defense, 30 October 2013 (archive.defense.gov/news/newsarticle.aspx?id=121028).

[20]    InsideDefense, “Long-Range Standoff Missile Development Pushed Back By Three Years”, InsideDefense, 5 March 2014;
Malenic, M., “Industry expects LRSO RfP in months”, IHS Jane’s 360, 16 March 2016.

[21]    Federation of American Scientists, “W80-1 Warhead Selected For New Nuclear Cruise Missile”, Website Federation of American Scientists, 10 October 2014 (fas.org/blogs/security/2014/10/w80-1_lrso/).

[22]    U.S. Department of Defense, “Daily contracts – Modification P00006 to N68335-16-C-0110”, Website U.S. Department of Defense, 1 August 2017.

 

 

This page was last updated 22 January 2018.

 

Top 20 Producers

Looking for information on other nuclear weapon associated companies? Check here.

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 the top 20 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, the Netherlands, the United Kingdom and the United States. More information on other companies involved in nuclear arsenals, not listed in the top 20, can be found here.

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.

Methodology

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 is on the website.
We welcome information at any time about possible nuclear weapon producing companies to investigate.