Hall of Shame – M

The following financial institutions beginning with “M” appear in the 2014 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

M&T Bank Corporation (United States)

M&T Bank Corporation has made an estimated 108 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by M&T Bank Corporation (United States) to the nuclear weapon companies since January 2011.

Loans provided by M&T Bank Corporation

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Gencorp GenCorp Inc 100 8 30-May-2014
200 15 30-May-2014
URS URS Corp 700 35 14-Oct-2011
1,000 50 14-Oct-2011

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

Macquarie Group (Australia)

Macquarie Group has made an estimated 837 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Macquarie Group (Australia) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Macquarie Group

Company Country Total value (US$ mln) % Outstanding Filing date
Northrop Grumman United States 424 1.70 30-Jun-2014
Raytheon United States 413 1.44 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Madison Investment (United States)

Madison Investment has made an estimated 121 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Madison Investment (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Madison Investment

Company Country Total value (US$ mln) % Outstanding Filing date
Jacobs Engineering United States 61 0.86 30-Jun-2014
Rockwell Collins United States 60 0.57 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

MainFirst Holding (Switzerland)

MainFirst Holding has made an estimated 86 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which MainFirst Holding (Switzerland) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by MainFirst Holding

Company Country Total value (US$ mln) % Outstanding Filing date
ThyssenKrupp Germany 86 0.54 30-Apr-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Majedie Asset Management (United Kingdom)

Majedie Asset Management has made an estimated 475 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Majedie Asset Management (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Majedie Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 434 2.04 18-Apr-2014
Finmeccanica Italy 41 0.74 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Man Group (United Kingdom)

Man Group has made an estimated 31 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Man Group (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Man Group

Company Country Total value (US$ mln) % Outstanding Filing date
Huntington Ingalls United States 31 0.68 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Manning & Napier (United States)

Manning & Napier has made an estimated 87 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Manning & Napier (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Manning & Napier

Company Country Total value (US$ mln) % Outstanding Filing date
ThyssenKrupp Germany 87 0.54 31-Jul-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Manulife Financial (Canada)

Manulife Financial has made an estimated 138 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Manulife Financial (Canada) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Manulife Financial

Company Country Total value (US$ mln) % Outstanding Filing date
Airbus Group France 33 3.07 31-Mar-2014
BAE Systems United Kingdom 29 0.89 31-Mar-2014
Boeing United States 43 0.65 31-Mar-2014
Northrop Grumman United States 33 0.75 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Marathon Asset Management (United Kingdom)

Marathon Asset Management has made an estimated 151 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Marathon Asset Management (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Marathon Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 151 0.66 07-Aug-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Marsico Capital Management (United States)

Marsico Capital Management has made an estimated 396 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Marsico Capital Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Marsico Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
General Dynamics United States 396 1.02 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

MassMutual Financial (United States)

MassMutual Financial has made an estimated 580 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which MassMutual Financial (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by MassMutual Financial

Company Country Total value (US$ mln) % Outstanding Filing date
Airbus Group France 535 1.02 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which MassMutual Financial (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by MassMutual Financial

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 41 1.25 30-Jun-2014
Leidos United States 22 1.67 31-Mar-2014
Lockheed Martin United States 59 0.61 31-Mar-2014
Raytheon United States 44 0.83 31-Mar-2014
Textron United States 79 3.68 30-Jun-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Mata Securities India (India)

Mata Securities India has made an estimated 10 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the underwriting of bond issuances by Mata Securities India (India) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Mata Securities India

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Larsen & Toubro L&T Finance Ltd 6 2 12-Feb-2011
6 2 12-Feb-2011
6 2 12-Feb-2011
6 2 12-Feb-2011
6 2 12-Feb-2011

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

Matthews International Capital Management (United States)

Matthews International Capital Management has made an estimated 41 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Matthews International Capital Management (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Matthews International Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Larsen & Toubro India 41 7.31 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Mayo Capital Partners (United States)

Mayo Capital Partners has made an estimated 18 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Mayo Capital Partners (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Mayo Capital Partners

Company Country Total value (US$ mln) % Outstanding Filing date
Leidos United States 18 0.63 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Mediobanca Banca di Credito Finanziario (Italy)

Mediobanca Banca di Credito Finanziario has made an estimated 75 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Mediobanca Banca di Credito Finanziario (Italy) to the nuclear weapon companies since January 2011.

Loans provided by Mediobanca Banca di Credito Finanziario

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
ThyssenKrupp ThyssenKrupp AG 2,751 75 07-Mar-2014

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

Mediolanum (Italy)

Mediolanum has made an estimated 2 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Mediolanum (Italy) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Mediolanum

Company Country Total value (US$ mln) % Outstanding Filing date
Finmeccanica Italy 2 0.56 31-Dec-2013

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

Mega Financial (Taiwan)

Mega Financial has made an estimated 119 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Mega Financial (Taiwan) to the nuclear weapon companies since January 2011.

Loans provided by Mega Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 750 20 07-Jun-2013
URS URS Corp 39 2 16-Dec-2013
655 39 16-Dec-2013
961 58 16-Dec-2013

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

Mercator Asset Management (United States)

Mercator Asset Management has made an estimated 140 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Mercator Asset Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Mercator Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 140 0.66 18-Apr-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

MetLife (United States)

MetLife has made an estimated 150 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which MetLife (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by MetLife

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 57 1.72 31-Mar-2014
Boeing United States 49 0.74 31-Mar-2014
Raytheon United States 30 0.56 31-Mar-2014
Textron United States 14 0.65 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

MFP Investors (United States)

MFP Investors has made an estimated 15 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which MFP Investors (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by MFP Investors

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 15 1.30 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Millennium Management (United States)

Millennium Management has made an estimated 28 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Millennium Management (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Millennium Management

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 28 0.79 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Mischler Financial Group (United States)

Mischler Financial Group has made an estimated 87 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the underwriting of bond issuances by Mischler Financial Group (United States) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Mischler Financial Group

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Northrop Grumman Northrop Grumman Corp 850 26 28-May-2013
950 29 28-May-2013
1,050 32 28-May-2013

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

Mitsubishi UFJ Financial (Japan)

Mitsubishi UFJ Financial has made an estimated 5,282 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Mitsubishi UFJ Financial (Japan) to the nuclear weapon companies since January 2011.

Loans provided by Mitsubishi UFJ Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 1,187 142 11-Aug-2014
1,050 126 11-Aug-2014
750 150 07-Jun-2013
600 120 23-Sep-2011
1,050 39 29-Jan-2014
1,050 158 13-Jul-2011
Airbus Group EADS 4,345 163 14-Mar-2011
Alliant Techsystems Alliant Techsystems Inc 250 25 08-Oct-2013
700 47 08-Oct-2013
1,010 67 08-Oct-2013
200 13 09-Mar-2012
150 15 24-Jun-2014
Babcock & Wilcox The Babcock & Wilcox Co 700 32 22-May-2012
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
Bechtel Bechtel Corp 1,000 100 14-Jun-2013
2,000 200 14-Jun-2013
Boeing Boeing Co 2,300 42 11-May-2011
2,300 42 11-May-2011
CH2M CH2M Hill Cos Ltd 900 135 19-Apr-2012
1,100 220 22-Mar-2014
Finmeccanica Finmeccanica SpA 3,001 106 09-Jul-2014
Fluor Fluor Corp 1,700 255 28-May-2014
1,800 270 28-May-2014
1,800 270 07-Nov-2012
Gencorp GenCorp Inc 100 8 30-May-2014
200 15 30-May-2014
General Dynamics General Dynamics Corp 1,000 35 14-Jul-2011
43 14-Jul-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
4,000 73 18-Nov-2013
Huntington Ingalls Huntington Ingalls Ind Inc 489 27 23-Sep-2013
650 35 23-Sep-2013
Jacobs Engineering Jacobs Engineering Group Inc 1,160 139 23-Mar-2012
460 39 07-Feb-2014
1,140 62 07-Feb-2014
Larsen & Toubro Larsen & Toubro Ltd 47 5 27-Aug-2013
59 7 27-Aug-2013
64 7 27-Aug-2013
100 11 27-Aug-2013
100 11 27-Aug-2013
Northrop Grumman Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 13 18-Aug-2012
Raytheon Raytheon Co 1,400 76 13-Dec-2011
Safran Safran SA 1,320 198 21-Oct-2011
Serco Serco Group PLC 1,159 72 21-Feb-2012
Textron Textron Inc 500 25 23-Jan-2014
1,000 100 30-Sep-2013
1,000 143 02-Mar-2011
ThyssenKrupp ThyssenKrupp AG 2,751 138 07-Mar-2014
URS URS Corp 700 35 14-Oct-2011
1,000 50 14-Oct-2011
39 2 16-Dec-2013
655 39 16-Dec-2013
961 58 16-Dec-2013

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Mitsubishi UFJ Financial (Japan) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Mitsubishi UFJ Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology Corp 800 80 17-Sep-2014
800 80 17-Sep-2014
Alliant Techsystems Alliant Techsystems Inc 300 50 22-Oct-2013
Boeing Boeing Capital Corp 500 18 28-Jul-2011
Boeing Co 350 10 30-Apr-2013
Fluor Fluor Corp 500 20 09-Aug-2011
General Dynamics General Dynamics Corp 500 19 07-May-2011
500 19 07-May-2011
500 19 07-May-2011
500 21 11-Jan-2012
900 39 11-Jan-2012
1,000 43 11-Jan-2012
Honeywell International Honeywell International Inc 600 33 14-Feb-2011
800 44 14-Feb-2011
Lockheed Martin Lockheed Martin Corp 500 30 09-Jun-2011
600 36 09-Jun-2011
900 54 09-Jun-2011
Northrop Grumman Huntington Ingalls Ind Inc 600 40 03-Apr-2011
600 40 03-Apr-2011
Northrop Grumman Corp 850 26 28-May-2013
950 29 28-May-2013
1,050 32 28-May-2013
Textron Textron Inc 250 25 14-Sep-2011
250 25 14-Sep-2011
250 25 23-Jan-2014
350 35 23-Jan-2014

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

Mizuho Financial (Japan)

Mizuho Financial has made an estimated 2,090 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Mizuho Financial (Japan) to the nuclear weapon companies since January 2011.

Loans provided by Mizuho Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 163 14-Mar-2011
Alliant Techsystems Alliant Techsystems Inc 200 13 03-Sep-2012
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
Boeing Boeing Co 2,300 42 05-Nov-2011
2,300 42 05-Nov-2011
General Dynamics General Dynamics Corp 1,000 35 14-Jul-2011
43 14-Jul-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
3,000 129 30-Mar-2012
4,000 73 18-Nov-2013
Larsen & Toubro Larsen & Toubro Ltd 200 120 17-Dec-2012
47 5 27-Aug-2013
59 7 27-Aug-2013
64 7 27-Aug-2013
100 11 27-Aug-2013
100 11 27-Aug-2013
Lockheed Martin Lockheed Martin Corp 1,500 90 26-Aug-2011
Northrop Grumman Northrop Grumman Corp 500 13 18-Aug-2012
1,775 355 29-Aug-2013
TASC TASC Inc 50 5 23-Apr-2014
250 25 23-Apr-2014
393 39 23-Apr-2014
URS URS Corp 500 43 02-Mar-2012
700 35 14-Oct-2011
1,000 50 14-Oct-2011
39 4 16-Dec-2013
655 66 16-Dec-2013
961 96 16-Dec-2013

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Mizuho Financial (Japan) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Mizuho Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Boeing Boeing Capital Corp 500 18 28-Jul-2011
Boeing Co 350 10 30-Apr-2013
General Dynamics General Dynamics Corp 500 19 07-May-2011
500 19 07-May-2011
500 19 07-May-2011
500 21 11-Jan-2012
900 39 11-Jan-2012
1,000 43 11-Jan-2012
Honeywell International Honeywell International Inc 300 10 18-Nov-2013
700 23 18-Nov-2013
Lockheed Martin Lockheed Martin Corp 500 30 09-Jun-2011
600 36 09-Jun-2011
900 54 09-Jun-2011
Northrop Grumman Northrop Grumman Corp 850 26 28-May-2013
950 29 28-May-2013
1,050 32 28-May-2013

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

Modern Woodmen of America (United States)

Modern Woodmen of America has made an estimated 15 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Modern Woodmen of America (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Modern Woodmen of America

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 15 1.81 31-Mar-2014

Source: Bloomberg, “Aggregated debt”, viewed in August 2014.

“Mondrian

Mondrian Investment Partners has made an estimated 53 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the nuclear weapon companies of which Mondrian Investment Partners (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Mondrian Investment Partners

Company Country Total value (US$ mln) % Outstanding Filing date
Serco United Kingdom 53 1.29 29-Nov-2013

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

Morgan Stanley (United States)

Morgan Stanley has made an estimated 6,641 million USD available to the nuclear weapons producers listed in this report since January 2011.

The table below provides an overview of the loans provided by Morgan Stanley (United States) to the nuclear weapon companies since January 2011.

Loans provided by Morgan Stanley

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 600 40 23-Sep-2011
1,050 39 29-Jan-2014
1,050 70 13-Jul-2011
Airbus Group EADS 4,345 76 14-Mar-2011
Alliant Techsystems Alliant Techsystems Inc 250 14 08-Oct-2013
700 12 08-Oct-2013
1,010 17 08-Oct-2013
150 7 24-Jun-2014
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
Boeing Boeing Co 2,300 42 11-May-2011
2,300 42 11-May-2011
Gencorp GenCorp Inc 100 13 30-May-2014
200 27 30-May-2014
50 13 16-Aug-2012
50 10 18-Nov-2011
150 30 18-Nov-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
3,000 129 30-Mar-2012
4,000 73 18-Nov-2013
Northrop Grumman Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 13 18-Aug-2012
Textron Textron Inc 1,000 75 30-Sep-2013
ThyssenKrupp ThyssenKrupp AG 2,751 75 07-Mar-2014
URS URS Corp 500 67 02-Mar-2012

Source: Thomson ONE Banker, “Loans”, viewed August 2014.

The table below provides an overview of the underwriting of share issuances by Morgan Stanley (United States) for the nuclear weapon companies since January 2011.

Underwriting of share issuances by Morgan Stanley

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 2,158 1,079 12-Jun-2012
2,947 1,473 17-Apr-2013
Safran Safran SA 270 270 28-Jul-2011

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

The table below provides an overview of the underwriting of bond issuances by Morgan Stanley (United States) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Morgan Stanley

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology Corp 800 80 17-Sep-2014
800 80 17-Sep-2014
BAE Systems BAE Systems PLC 350 70 10-May-2011
400 80 10-May-2011
500 100 10-May-2011
Boeing Boeing Capital Corp 250 9 28-Jul-2011
500 18 28-Jul-2011
Boeing Co 150 50 30-Apr-2013
350 35 30-Apr-2013
Finmeccanica Finmeccanica Finance SA 339 20 17-Jan-2014
Gencorp GenCorp Inc 460 115 18-Jan-2013
Honeywell International Honeywell International Inc 300 30 18-Nov-2013
700 70 18-Nov-2013
Lockheed Martin Lockheed Martin Corp 500 40 09-Jun-2011
600 48 09-Jun-2011
900 72 09-Jun-2011
Northrop Grumman Huntington Ingalls Ind Inc 600 40 03-Apr-2011
600 40 03-Apr-2011
Northrop Grumman Corp 850 26 28-May-2013
950 29 28-May-2013
1,050 32 28-May-2013
Raytheon Raytheon Co 425 21 29-Nov-2011
575 29 29-Nov-2011
1,100 60 27-Nov-2012
Safran Safran SA 275 137 04-Jul-2014
Textron Textron Inc 250 30 14-Sep-2011
250 30 14-Sep-2011
250 19 23-Jan-2014
350 26 23-Jan-2014
URS URS Corp 400 100 03-Aug-2012
600 150 03-Aug-2012

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed August 2014.

The table below provides an overview of the nuclear weapon companies of which Morgan Stanley (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Morgan Stanley

Company Country Total value (US$ mln) % Outstanding Filing date
Alliant Techsystems United States 39 0.90 30-Jun-2014
Honeywell International United States 686 0.94 30-Jun-2014
Huntington Ingalls United States 41 0.88 30-Jun-2014
Leidos United States 28 0.97 30-Jun-2014
Raytheon United States 268 0.94 30-Jun-2014

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed August 2014.

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.