Hall of Shame – S

The following financial institutions beginning with “S” 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.

Sammons Enterprises (United States)

Sammons Enterprises has made an estimated 48 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 Sammons Enterprises (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Sammons Enterprises

Company Country Total value (US$ mln) % Outstanding Filing date
Northrop Grumman United States 48 1.09 31-Mar-2014

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

Sanders Capital (United States)

Sanders Capital has made an estimated 219 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 Sanders Capital (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Sanders Capital

Company Country Total value (US$ mln) % Outstanding Filing date
General Dynamics United States 219 0.56 30-Jun-2014

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

Sasco Capital (United States)

Sasco Capital has made an estimated 234 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 Sasco Capital (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Sasco Capital

Company Country Total value (US$ mln) % Outstanding Filing date
Raytheon United States 234 0.82 30-Jun-2014

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

Schafer Cullen Capital Management (United States)

Schafer Cullen Capital Management has made an estimated 302 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 Schafer Cullen 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 Schafer Cullen Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Raytheon United States 302 1.05 30-Jun-2014

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

Schroders (United Kingdom)

Schroders has made an estimated 620 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 Schroders (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Schroders

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 51 1.47 30-Jun-2014
BAE Systems United Kingdom 307 1.33 07-Aug-2014
Leidos United States 30 1.05 30-Jun-2014
Safran France 186 0.68 30-Jun-2014
Serco United Kingdom 46 1.37 07-Feb-2014

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

Scotia Bond (Canada)

Scotia Bond has made an estimated 80 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 Scotia Bond (Canada) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Scotia Bond

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Northrop Grumman Huntington Ingalls Ind Inc 600 40 03-Apr-2011
600 40 03-Apr-2011

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

Scotiabank (Canada)

Scotiabank has made an estimated 1,698 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 Scotiabank (Canada) to the nuclear weapon companies since January 2011.

Loans provided by Scotiabank

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 20 07-Jun-2013
1,050 39 29-Jan-2014
Babcock & Wilcox The Babcock & Wilcox Co 700 32 22-May-2012
General Dynamics General Dynamics Corp 1,000 125 21-Jun-2013
1,000 35 14-Jul-2011
Honeywell International Honeywell International Inc 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
1,140 62 07-Feb-2014
Northrop Grumman Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 43 09-Aug-2011
1,500 129 09-Aug-2011
500 13 18-Aug-2012
Raytheon Raytheon Co 1,400 76 13-Dec-2011

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

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

Underwriting of bond issuances by Scotiabank

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
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
Northrop Grumman 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

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

Seizert Capital Partners (United States)

Seizert Capital Partners has made an estimated 26 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 Seizert 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 Seizert Capital Partners

Company Country Total value (US$ mln) % Outstanding Filing date
URS United States 26 0.83 30-Jun-2014

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

Sentry Insurance (United States)

Sentry Insurance 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 nuclear weapon companies of which Sentry Insurance (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Sentry Insurance

Company Country Total value (US$ mln) % Outstanding Filing date
Leidos United States 10 0.78 31-Mar-2014

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

Serco Group Plc Employee Benefit Trust (United Kingdom)

Serco Group Plc Employee Benefit Trust has made an estimated 98 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 Serco Group Plc Employee Benefit Trust (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Serco Group Plc Employee Benefit Trust

Company Country Total value (US$ mln) % Outstanding Filing date
Serco United Kingdom 98 2.16 31-Dec-2013

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

Shelter Mutual Insurance (United States)

Shelter Mutual Insurance has made an estimated 8 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 Shelter Mutual Insurance (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Shelter Mutual Insurance

Company Country Total value (US$ mln) % Outstanding Filing date
Leidos United States 8 0.78 31-Mar-2014

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

Siemens Financial Services (Germany)

Siemens Financial Services has made an estimated 91 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 Siemens Financial Services (Germany) to the nuclear weapon companies since January 2011.

Loans provided by Siemens Financial Services

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Alliant Techsystems Alliant Techsystems Inc 700 12 08-Oct-2013
1,010 17 08-Oct-2013
Huntington Ingalls Huntington Ingalls Ind Inc 489 27 23-Sep-2013
650 35 23-Sep-2013

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

Silchester International Investors (United Kingdom)

Silchester International Investors has made an estimated 663 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 Silchester International Investors (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Silchester International Investors

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 663 3.05 19-Feb-2014

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

Silverback Asset Management (United States)

Silverback Asset Management 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 nuclear weapon companies of which Silverback Asset Management (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Silverback Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 10 1.23 30-Jun-2014

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

Silvercrest Asset Management (United States)

Silvercrest Asset Management has made an estimated 38 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 Silvercrest 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 Silvercrest Asset Management

Company Country Total value (US$ mln) % Outstanding Filing date
Jacobs Engineering United States 38 0.53 30-Jun-2014

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

SinoPac Holdings (Taiwan)

SinoPac Holdings has made an estimated 20 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 SinoPac Holdings (Taiwan) to the nuclear weapon companies since January 2011.

Loans provided by SinoPac Holdings

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 750 20 07-Jun-2013

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

Skandinaviska Enskilda Banken (Sweden)

Skandinaviska Enskilda Banken has made an estimated 662 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 Skandinaviska Enskilda Banken (Sweden) to the nuclear weapon companies since January 2011.

Loans provided by Skandinaviska Enskilda Banken

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 76 14-Mar-2011
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
ThyssenKrupp ThyssenKrupp AG 2,751 75 07-Mar-2014

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

The table below provides an overview of the underwriting of bond issuances by Skandinaviska Enskilda Banken (Sweden) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Skandinaviska Enskilda Banken

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
ThyssenKrupp ThyssenKrupp AG 1,717 429 19-Feb-2014

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

Skytop Capital Management (United States)

Skytop Capital Management has made an estimated 9 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 Skytop 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 Skytop Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 9 0.80 30-Jun-2014

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

Smith Asset Management Group (United States)

Smith Asset Management Group has made an estimated 29 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 Smith Asset Management Group (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Smith Asset Management Group

Company Country Total value (US$ mln) % Outstanding Filing date
Huntington Ingalls United States 29 0.64 30-Jun-2014

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

Snow Capital Management (United States)

Snow Capital Management has made an estimated 60 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 Snow 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 Snow Capital Management

Company Country Total value (US$ mln) % Outstanding Filing date
Textron United States 60 0.56 30-Jun-2014

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

Société Générale (France)

Société Générale has made an estimated 3,686 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 Société Générale (France) to the nuclear weapon companies since January 2011.

Loans provided by Société Générale

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group EADS 4,345 163 14-Mar-2011
BAE Systems BAE Systems PLC 3,269 82 12-Dec-2013
Finmeccanica Finmeccanica SpA 3,001 106 09-Jul-2014
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
3,000 129 30-Mar-2012
4,000 73 18-Nov-2013
Safran Safran SA 1,320 198 21-Oct-2011
ThyssenKrupp ThyssenKrupp AG 2,751 75 07-Mar-2014

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

The table below provides an overview of the underwriting of share issuances by Société Générale (France) for the nuclear weapon companies since January 2011.

Underwriting of share issuances by Société Générale

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Airbus Group Airbus Group NV 614 246 15-Jan-2014
614 369 15-Jan-2014
EADS 2,987 1,195 04-Sep-2013
Safran Safran SA 573 229 27-Mar-2013
344 27-Mar-2013

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 Société Générale (France) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Société Générale

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Boeing Boeing Capital Corp 250 9 28-Jul-2011
Finmeccanica Finmeccanica Finance SA 339 20 17-Jan-2014
777 71 28-Nov-2012
950 59 26-Nov-2013
Honeywell International Honeywell International Inc 300 10 18-Nov-2013
700 23 18-Nov-2013
600 33 14-Feb-2011
800 44 14-Feb-2011
Thales Thales SA 389 56 13-Mar-2013
648 93 13-Mar-2013

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

SPA Group (India)

SPA Group has made an estimated 17 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 SPA Group (India) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by SPA Group

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Larsen & Toubro L&T Finance Ltd 18 5 17-May-2013
18 5 17-May-2013
37 7 29-Oct-2013

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

StanCorp Financial (United States)

StanCorp Financial has made an estimated 8 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 StanCorp Financial (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by StanCorp Financial

Company Country Total value (US$ mln) % Outstanding Filing date
Rockwell Collins United States 8 0.50 31-Mar-2014

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

Standard Chartered (United Kingdom)

Standard Chartered has made an estimated 348 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 Standard Chartered (United Kingdom) to the nuclear weapon companies since January 2011.

Loans provided by Standard Chartered

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 1,050 39 29-Jan-2014
Boeing Boeing Co 2,300 42 05-Nov-2011
2,300 42 05-Nov-2011
Honeywell International Honeywell International Inc 2,800 62 17-Mar-2011
4,000 73 18-Nov-2013

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

The table below provides an overview of the underwriting of bond issuances by Standard Chartered (United Kingdom) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Standard Chartered

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
Fluor Fluor Corp 500 20 09-Aug-2011
Honeywell International Honeywell International Inc 300 10 18-Nov-2013
700 23 18-Nov-2013
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.

Standard Life (United Kingdom)

Standard Life has made an estimated 19 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 Standard Life (United Kingdom) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Standard Life

Company Country Total value (US$ mln) % Outstanding Filing date
Serco United Kingdom 19 0.58 07-Feb-2014

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

Starboard Value (United States)

Starboard Value 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 nuclear weapon companies of which Starboard Value (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Starboard Value

Company Country Total value (US$ mln) % Outstanding Filing date
Babcock & Wilcox United States 119 3.42 30-Jun-2014

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

State Administration for Foreign Exchange (China)

State Administration for Foreign Exchange has made an estimated 48 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 State Administration for Foreign Exchange (China) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by State Administration for Foreign Exchange

Company Country Total value (US$ mln) % Outstanding Filing date
Serco United Kingdom 48 1.18 04-Nov-2013

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

State Bank of India (India)

State Bank of India has made an estimated 51 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 State Bank of India (India) to the nuclear weapon companies since January 2011.

Loans provided by State Bank of India

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 750 20 07-Jun-2013
Alliant Techsystems Alliant Techsystems Inc 700 12 08-Oct-2013
1,010 17 08-Oct-2013

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

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

Underwriting of bond issuances by State Bank of India

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Larsen & Toubro L&T Finance Ltd 8 2 20-Mar-2014

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

State Farm (United States)

State Farm has made an estimated 253 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 State Farm (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by State Farm

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 28 3.37 31-Mar-2014
General Dynamics United States 76 1.94 31-Mar-2014
Honeywell International United States 38 0.60 31-Mar-2014
Northrop Grumman United States 31 0.71 31-Mar-2014
Raytheon United States 28 0.53 31-Mar-2014
Rockwell Collins United States 38 2.27 31-Mar-2014
Textron United States 14 0.65 31-Mar-2014

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

State Street (United States)

State Street has made an estimated 28,493 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 State Street (United States) to the nuclear weapon companies since January 2011.

Loans provided by State Street

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Boeing Boeing Co 2,300 42 11-May-2011
2,300 42 11-May-2011
Northrop Grumman Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 13 18-Aug-2012

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

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

Shareholdings managed by State Street

Company Country Total value (US$ mln) % Outstanding Filing date
AECOM United States 81 2.54 30-Jun-2014
Alliant Techsystems United States 90 2.11 30-Jun-2014
Babcock & Wilcox United States 45 1.30 30-Jun-2014
BAE Systems United Kingdom 446 1.95 07-Aug-2014
Boeing United States 4,064 4.43 30-Jun-2014
Fluor United States 599 4.94 30-Jun-2014
Gencorp United States 23 2.01 30-Jun-2014
General Dynamics United States 1,749 4.49 30-Jun-2014
Honeywell International United States 6,637 9.12 30-Jun-2014
Huntington Ingalls United States 255 5.56 30-Jun-2014
Jacobs Engineering United States 282 3.97 30-Jun-2014
Leidos United States 70 2.45 30-Jun-2014
Lockheed Martin United States 8,969 17.58 30-Jun-2014
Northrop Grumman United States 2,792 11.22 30-Jun-2014
Raytheon United States 1,234 4.30 30-Jun-2014
Rockwell Collins United States 453 4.29 30-Jun-2014
Serco United Kingdom 20 0.58 07-Feb-2014
Textron United States 432 4.04 30-Jun-2014
URS United States 81 2.55 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 State Street (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by State Street

Company Country Total value (US$ mln) % Outstanding Filing date
Huntington Ingalls United States 30 2.52 08-Sep-2014

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

Steel Partners Holdings (United States)

Steel Partners Holdings has made an estimated 80 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 Steel Partners Holdings (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Steel Partners Holdings

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 80 7.12 30-Jun-2014

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

Stifel Financial (United States)

Stifel Financial has made an estimated 29 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 Stifel Financial (United States) to the nuclear weapon companies since January 2011.

Loans provided by Stifel Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Alliant Techsystems Alliant Techsystems Inc 700 12 08-Oct-2013
1,010 17 08-Oct-2013

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

Sumitomo Mitsui Financial (Japan)

Sumitomo Mitsui Financial has made an estimated 2,761 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 Sumitomo Mitsui Financial (Japan) to the nuclear weapon companies since January 2011.

Loans provided by Sumitomo Mitsui Financial

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
AECOM AECOM Technology 1,187 95 11-Aug-2014
1,050 84 11-Aug-2014
750 20 07-Jun-2013
600 40 23-Sep-2011
1,050 39 29-Jan-2014
Airbus Group EADS 4,345 76 14-Mar-2011
Alliant Techsystems Alliant Techsystems Inc 250 14 08-Oct-2013
700 24 08-Oct-2013
1,010 34 08-Oct-2013
150 7 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
Boeing Boeing Co 2,300 42 11-May-2011
2,300 42 11-May-2011
Finmeccanica Finmeccanica SpA 3,001 106 09-Jul-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 460 39 07-Feb-2014
Larsen & Toubro Larsen & Toubro Ltd 200 80 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 Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 43 09-Aug-2011
1,500 129 09-Aug-2011
500 13 18-Aug-2012
Raytheon Raytheon Co 1,400 76 13-Dec-2011
Serco Serco Group PLC 1,159 72 21-Feb-2012
Textron Textron Inc 500 25 23-Jan-2014
1,000 75 30-Sep-2013
ThyssenKrupp ThyssenKrupp AG 2,751 75 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 Sumitomo Mitsui Financial (Japan) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by Sumitomo Mitsui 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
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 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 19 23-Jan-2014
350 26 23-Jan-2014

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

Sumitomo Mitsui Trust (Japan)

Sumitomo Mitsui Trust 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 loans provided by Sumitomo Mitsui Trust (Japan) to the nuclear weapon companies since January 2011.

Loans provided by Sumitomo Mitsui Trust

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
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

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

Sun Life Financial (Canada)

Sun Life Financial has made an estimated 6,034 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 Sun Life Financial (Canada) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by Sun Life Financial

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 131 1.08 30-Jun-2014
Honeywell International United States 3,638 5.00 30-Jun-2014
Lockheed Martin United States 1,556 3.05 30-Jun-2014
Northrop Grumman United States 535 2.15 30-Jun-2014
Serco United Kingdom 52 1.55 07-Feb-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 Sun Life Financial (Canada) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Sun Life Financial

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 63 1.89 31-Jul-2014
Gencorp United States 12 1.43 31-Jul-2014
Huntington Ingalls United States 19 1.57 31-Jul-2014
Textron United States 30 1.38 31-Mar-2014

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

Sunrise Partners (United States)

Sunrise Partners has made an estimated 8 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 Sunrise Partners (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Sunrise Partners

Company Country Total value (US$ mln) % Outstanding Filing date
Gencorp United States 8 0.97 30-Jun-2014

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

SunTrust Banks (United States)

SunTrust Banks has made an estimated 1,305 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 SunTrust Banks (United States) to the nuclear weapon companies since January 2011.

Loans provided by SunTrust Banks

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Alliant Techsystems Alliant Techsystems Inc 250 25 08-Oct-2013
700 47 08-Oct-2013
1,010 67 08-Oct-2013
200 20 03-Sep-2012
150 7 24-Jun-2014
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
General Dynamics General Dynamics Corp 1,000 35 14-Jul-2011
43 14-Jul-2011
Huntington Ingalls Huntington Ingalls Ind Inc 489 27 23-Sep-2013
650 35 23-Sep-2013
Northrop Grumman Huntington Ingalls Ind Inc 575 22 31-Mar-2011
650 24 31-Mar-2011
Northrop Grumman Corp 500 43 08-Sep-2011
1,500 129 08-Sep-2011
Textron Textron Inc 500 25 23-Jan-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 SunTrust Banks (United States) for the nuclear weapon companies since January 2011.

Underwriting of bond issuances by SunTrust Banks

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Alliant Techsystems Alliant Techsystems Inc 300 50 22-Oct-2013
Gencorp GenCorp Inc 460 115 18-Jan-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
Northrop Grumman Huntington Ingalls Ind Inc 600 40 03-Apr-2011
600 40 03-Apr-2011

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 SunTrust Banks (United States) owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Shareholdings managed by SunTrust Banks

Company Country Total value (US$ mln) % Outstanding Filing date
Fluor United States 76 0.63 30-Jun-2014

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

Svenska Handelsbanken (Sweden)

Svenska Handelsbanken has made an estimated 78 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 Svenska Handelsbanken (Sweden) to the nuclear weapon companies since January 2011.

Loans provided by Svenska Handelsbanken

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
General Dynamics General Dynamics Corp 1,000 35 14-Jul-2011
43 14-Jul-2011

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

Swiss Re (Switzerland)

Swiss Re has made an estimated 27 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 Swiss Re (Switzerland) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Swiss Re

Company Country Total value (US$ mln) % Outstanding Filing date
General Dynamics United States 27 0.70 31-Mar-2014

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

Swisscanto Holding (Switzerland)

Swisscanto Holding has made an estimated 5 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 Swisscanto Holding (Switzerland) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Swisscanto Holding

Company Country Total value (US$ mln) % Outstanding Filing date
Safran France 5 0.77 31-Mar-2014

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

Symetra Financial (United States)

Symetra Financial has made an estimated 168 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 Symetra Financial (United States) owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Bondholdings managed by Symetra Financial

Company Country Total value (US$ mln) % Outstanding Filing date
BAE Systems United Kingdom 79 2.39 31-Mar-2014
Northrop Grumman United States 32 0.74 31-Mar-2014
Raytheon United States 75 1.42 31-Mar-2014

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

Synovus Financial Corporation (United States)

Synovus Financial Corporation has made an estimated 334 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 Synovus Financial Corporation (United States) to the nuclear weapon companies since January 2011.

Loans provided by Synovus Financial Corporation

Company Subsidiary Total value (US$ mln) Est. participation of this bank (US$ mln) Date
Alliant Techsystems Alliant Techsystems Inc 700 12 08-Oct-2013
1,010 17 08-Oct-2013
Textron Textron Inc 500 25 23-Jan-2014
700 280 24-Jan-2014

Source: Thomson ONE Banker, “Loans”, 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.