Jacobs Engineering

Jacobs Engineering (United States) is involved in the joint venture AWE-ML, which manages the UK Atomic Weapons Establishment, that designs, manufactures and maintains nuclear warheads for the UK.

Company profile

Jacobs Engineering Group, based in the United States, provides professional, technical and construction services. Among its primary markets are aerospace and military, energy, oil and gas and infrastructure. 1

In the financial year ending 26 September 2014, Jacobs Engineering generated revenues of US$ 12.7 billion (€ 10.0 billion), resulting in an operating income of US$ 528 million (€ 414 million) and a net income of US$ 328 million (€ 257 million). 2

Contact Information

Website: www.jacobs.com

World Headquarters
155 North Lake Avenue
Pasadena, California 91101
United States
+ 1.626.578.3500

Nuclear weapons

In December 2008, Jacobs Engineering acquired a one-third share in the joint venture AWE-ML, the company that manages the United Kingdom’s Atomic Weapons Establishment (AWE). 3 The other equal partners are Lockheed Martin and Serco. 4 AWE is responsible for the maintenance of warheads for the UK’s nuclear arsenal, i.e. the Trident, a submarine-launched, intercontinental ballistic missile system carried by the fleet of Vanguard-class submarines. AWE’s involvement with Trident covers the entire life cycle, from initial concept to assessment, design, component manufacture and assembly, in-service support and decommissioning and disposal. 5 AWE-ML has a 25 year-long non-revocable contract to run AWE that expires in March 2025. 6

Investors

The following financial institutions have made approximately USD 8,597 million available to this producer since January 2012.

  • ANZ (Australia)
  • Artisan Partners (United States)
  • Banco Bilbao Vizcaya Argentaria (BBVA) (Spain)
  • Bank of America (United States)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • BlackRock (United States)
  • BMO Financial Group (Canada)
  • BNP Paribas (France)
  • Burgundy Asset Management (Canada)
  • Cacti Asset Management (United States)
  • Capital Group (United States)
  • Century Operating Corporation (United States)
  • Crédit Suisse (Switzerland)
  • Deutsche Bank (Germany)
  • Dimensional Fund Advisors (United States)
  • EdgePoint Investment Group (Canada)
  • Fidelity Investments (United States)

  • Fidelity Worldwide Investment (Bermuda)
  • Geode Capital Management (United States)
  • Goldman Sachs (United States)
  • Gotham Asset Management (United States)
  • Guggenheim Capital (United States)
  • Hahn Capital Management (United States)
  • HSBC (United Kingdom)
  • JPMorgan Chase (United States)
  • Kovitz Investment Group (United States)
  • Lloyds Banking Group (United Kingdom)
  • Lord, Abbett & Co (United States)
  • Madison Investment (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Northern Trust (United States)
  • Platinum Asset Management (Australia)

  • Primecap Management (United States)
  • Royal Bank of Canada (Canada)
  • Royal Bank of Scotland (United Kingdom)
  • Ruane, Cunniff & Goldfarb (United States)
  • Scotiabank (Canada)
  • Silvercrest Asset Management (United States)
  • Sprucegrove Investment Management (Canada)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • T. Rowe Price (United States)
  • Toronto-Dominion Bank (Canada)
  • Two Sigma Investments (United States)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)

This page was last updated 29 October 2015.

Notes

  1. Jacobs Engineering, “Our Industry”, Website Jacobs Engineering (www.jacobs.com/workwithus/ourindustries/), viewed May 2015.
  2. Jacobs Engineering, “Annual Report 2014”, Jacobs Engineering, November 2014.
  3. Jacobs Engineering, “Jacobs Agrees to Acquire Share in AWE Management Limited”, News Release Jacobs Engineering, 17 December 2008.
  4. AWE-ML, “Our company”, Website AWE-ML (www.awe.co.uk/about-us/our-company/), viewed June 2015;
    Edwards, R., “Anger as US arms dealer takes over running of Scottish nuclear bomb base”, Scotland Herald (www.heraldscotland.com/news/home-news/anger-as-us-arms-dealer-takes-over-running-of-scottish-nuclear-bomb-base.13864732), 28 May 2011.
  5. AWE, “Overview”, AWE, July 2014 (www.awe.co.uk/app/uploads/2014/07/AWE-OVERVIEW-FINAL.pdf).
  6. The Guardian, “Britain’s nuclear spending soars amid defence cuts”, Website The Guardian, 2 October 2011 (www.guardian.co.uk/uk/2011/oct/02/ministry-of-defence-nuclear-spending-project-pegasus);
    AWE, “Annual review 2013”, AWE, May 2014.

Producers

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

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

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 can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.