Hall of Shame 2015 – V

The following financial institutions beginning with “V” appear in the 2015 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

Valarc Holdings (United States)

Valarc Holdings (United States) has made an estimated US$ 30 million available to the nuclear weapons companies listed in this report since January 2012.

Valarc Holdings (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 30 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included. 

Shareholdings managed by Valarc Holdings

Company Country Total value
(US$ mln)
% Outstanding Filing date
Serco United Kingdom 30 1.34 2-4-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Vanguard (United States)

Vanguard (United States) has made an estimated US$ 26,383 million available to the nuclear weapons companies listed in this report since January 2012.

Vanguard (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 24,882 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Vanguard

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 298 6.43 31-3-2015
Aerojet Rocketdyne United States 59 4.02 31-3-2015
Airbus Group The Netherlands 609 1.19 30-6-2015
BAE Systems United Kingdom 468 2.02 1-8-2015
Boeing United States 5,569 5.46 31-3-2015
Engility United States 21 1.93 31-3-2015
Finmeccanica Italy 81 1.12 30-6-2015
Fluor United States 654 7.90 31-3-2015
General Dynamics United States 2,491 5.69 31-3-2015
Honeywell International United States 4,210 5.16 31-3-2015
Huntington Ingalls Industries United States 496 7.40 31-3-2015
Jacobs Engineering United States 451 8.07 31-3-2015
Larsen & Toubro India 173 0.66 30-6-2015
Lockheed Martin United States 3,504 5.56 31-3-2015
Moog United States 195 7.65 31-3-2015
Northrop Grumman United States 1,913 6.34 31-3-2015
Orbital ATK United States 293 6.44 31-3-2015
Raytheon United States 2,035 6.14 31-3-2015
Safran France 320 1.13 30-6-2015
Serco United Kingdom 33 1.47 2-3-2015
Textron United States 907 7.40 31-3-2015
Thales France 103 0.82 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Vanguard (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 1,501 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Vanguard

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 328 3.82 31-3-2015
Fluor United States 52 5.06 31-3-2015
General Dynamics United States 216 6.35 31-3-2015
Honeywell International United States 280 4.30 31-3-2015
Huntington Ingalls Industries United States 7 0.56 31-3-2015
Lockheed Martin United States 319 3.47 31-3-2015
Northrop Grumman United States 107 1.65 31-3-2015
Raytheon United States 143 2.65 31-3-2015
Textron United States 49 1.66 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.
 

Vanguard invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Victoria Capital (United States)

Victoria Capital (United States) has made an estimated US$ 8 million available to the nuclear weapons companies listed in this report since January 2012.

Victoria Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 8 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Victoria Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 8 0.59 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Victory Capital (United States)

Victory Capital (United States) has made an estimated US$ 53 million available to the nuclear weapons companies listed in this report since January 2012.

Victory Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 53 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Victory Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 35 2.68 30-6-2015
Engility United States 18 1.95 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.
 

Victory Capital invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Viel & Cie. (France)

Viel & Cie. (France) has made an estimated US$ 226 million available to the nuclear weapons companies listed in this report since January 2012.

Viel & Cie. (France) underwrote bond issuances for an estimated amount of US$ 226 million to the nuclear weapon companies since January 2012 (see table below).

 Underwriting of bond issuances by Viel & Cie.

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
Larsen & Toubro 3.98 3.98 22-3-2012 30-4-2014
Larsen & Toubro 3.98 3.98 22-3-2012 29-4-2014
Larsen & Toubro 3.98 3.98 22-3-2012 8-4-2014
Larsen & Toubro 3.98 3.98 22-3-2012 3-4-2014
Larsen & Toubro 3.98 3.98 22-3-2012 17-3-2014
Larsen & Toubro 35.91 8.98 14-6-2012 13-6-2014
Larsen & Toubro 35.91 8.98 14-6-2012 13-6-2014
Larsen & Toubro 12.67 4.22 27-7-2012 25-7-2014
Larsen & Toubro 9.52 4.76 8-10-2012 8-10-2014
Larsen & Toubro 9.52 4.76 8-10-2012 5-11-2013
Larsen & Toubro 22.64 22.64 3-12-2012 3-6-2013
Larsen & Toubro 18.22 4.56 17-5-2013 15-5-2015
Larsen & Toubro 18.22 4.56 17-5-2013 15-5-2015
Larsen & Toubro 17.21 8.61 11-10-2013 11-10-2016
Larsen & Toubro 36.67 7.33 29-10-2013 28-10-2016
Larsen & Toubro 8.15 1.63 20-3-2014 27-3-2024
Larsen & Toubro 26.28 13.14 21-3-2014 21-4-2015
Larsen & Toubro 6.23 1.56 27-3-2014 8-4-2015
Larsen & Toubro 6.23 1.56 27-3-2014 7-4-2015
Larsen & Toubro 6.23 1.56 27-3-2014 6-4-2015
Larsen & Toubro 6.23 1.56 27-3-2014 8-4-2015
Larsen & Toubro 30.41 7.60 9-6-2014 9-6-2016
Larsen & Toubro 36.01 4.50 13-6-2014 13-5-2016
Larsen & Toubro 45.23 6.46 13-6-2014 13-6-2016
Larsen & Toubro 1.16 0.39 27-8-2014 16-8-2016
Larsen & Toubro 2.44 0.81 27-8-2014 19-9-2016
Larsen & Toubro 2.48 0.83 27-8-2014 26-8-2016
Larsen & Toubro 8.27 2.76 27-8-2014 10-2-2016
Larsen & Toubro 82.72 27.57 27-8-2014 28-12-2015
Larsen & Toubro 32.76 16.38 16-9-2014 19-2-2016
Larsen & Toubro 8.17 2.72 28-10-2014 27-10-2017
Larsen & Toubro 8.17 2.72 28-10-2014 28-9-2016
Larsen & Toubro 9.48 4.74 7-1-2015 7-2-2018
Larsen & Toubro 9.48 4.74 7-1-2015 15-6-2018
Larsen & Toubro 9.48 4.74 7-1-2015 23-2-2018
Larsen & Toubro 9.48 4.74 7-1-2015 6-3-2018
Larsen & Toubro 9.48 4.74 7-1-2015 15-6-2018
Larsen & Toubro 18.28 4.57 21-1-2015 19-1-2018
Larsen & Toubro 18.28 4.57 21-1-2015 15-2-2017
Larsen & Toubro 0.39 0.13 12-6-2015 21-2-2017
Larsen & Toubro 0.34 0.11 12-6-2015 1-8-2017
Larsen & Toubro 0.02 0.01 12-6-2015 24-7-2017
Larsen & Toubro 0.04 0.01 12-6-2015 31-5-2017
Larsen & Toubro 0.04 0.01 12-6-2015 19-6-2017
Larsen & Toubro 0.05 0.02 12-6-2015 12-6-2017

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.
 

Viel & Cie. invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Voya Financial (United States)

Voya Financial (United States) has made an estimated US$ 436 million available to the nuclear weapons companies listed in this report since January 2012.

Voya Financial (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 245 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Voya Financial

Company Country Total value
(US$ mln)
% Outstanding Filing date
Orbital ATK United States 83 1.82 31-3-2015
Textron United States 162 1.32 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Voya Financial (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 191 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Voya Financial

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 91 1.07 31-3-2015
Honeywell International United States 73 1.12 31-3-2015
MOOG United States 2 0.67 31-3-2015
Safran France 25 1.75 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Hall of Shame Methodology

Which financial institutions are involved in the financing of the selected nuclear weapon companies was researched using annual reports, stock exchange filings and other publications of the companies concerned, archives of trade magazines, local newspapers and the financial press as well as specialized financial databases (Thomson ONE, Bloomberg). Used resources are clearly mentioned.

Financial institutions can be involved in financing companies by providing corporate loans, by assisting companies with share- and bond issues, and by (managing) investments in shares and bonds of these companies. For asset managers and pension funds, the only relevant type of financial involvement is (managing) share- and bondholdings of the selected companies.

In this report, we have focussed on the financial institutions which are found to have most significant financing relationships with one or more of the selected nuclear weapon companies. To select these financial institutions, the following criteria are used:

  • All financial institutions involved in loans and underwriting deals for one or more of the companies since 1 January 2011;
  • All financial institutions which own at least 0.5% of the outstanding shares or bonds of at least one of the companies.

What is included

Each section provides the following information for each financial institution:

The types of financial relations which the financial institution has with one or more nuclear weapon companies. The relations are grouped by loans, investment banking and asset management. Financial activities are listed alphabetically by nuclear weapons company for each category.

The name of the receiving company, the amount, the date and (if known) the purpose for each financial relation.

All data is presented in tables. For loans, the first column represents the names of the selected companies that received the loans, the second column shows which subsidiary or part of the selected company has issued the loan. The third column is the purpose of the loan. The fourth column (# FI’s), shows the number of financial institutes participating in loans as loans are often offered by a syndicate of financial institutions. The fifth column represents the value of the total loan offered by the syndicate to the company. The sixth column is the amount for which this specific financial institute participated in the loan. This amount is calculated depending on the role the financial institute plays in the syndicate, as explained below. The last column shows the date the loan was issued.

The tables for underwriting of share and bond issuances have the same columns. The method for calculating these the value per financial institute can be below.

The tables for share and bondholdings managed by the financial institutions show the nuclear weapon producing companies, the country in which this company is situated, the percentage of all bonds or shares outstanding hold or managed by the specific institution, and the total value of the shares or bonds held by the financial institution in the indicated company.

When comparing this report with last years report please keep in mind that we have excluded some Indian sources due to recently identified errors in the Bloomberg databases regarding Indian Mutual Funds.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers from many different countries. They have provided various types of financial services to nuclear weapon companies.