Textron

Textron (United States) designs and builds re-entry vehicles for the US Minuteman III inter-continental ballistic missile (ICBM).

Company profile

Textron is a US-based multi-industry company engaged in aircraft, military, industrial and finance businesses. Military-related business sections include Textron Systems and Bell Helicopter. 1

In the financial year ending 3 January 2015, Textron generated revenues of US$ 13.9 billion (€ 11.5 billion), resulting in an operating income of US$ 1.0 billion (€ 866 million) and a net income of US$ 600 million (€ 498 million). 2

Contact Information

Website: www.textron.com
Twitter: @Textron
Facebook: www.facebook.com/Textron.Inc

Textron World Headquarters
40 Westminster Street
Providence, RI 02903
U.S.A.
+1.401.421.2800

Nuclear weapons

Textron designs and builds the US Air Force’s operational inter-continental ballistic missile (ICBM) re-entry vehicles. 3 In March 2014, Textron Defense System was awarded a US$ 17.2 million (€ 12.5 million) contract to convert up to six Minuteman III MK 12A re-entry vehicles to the Mod 5F configuration. The contract was provided for a five-year ordering period by the US Air Force Nuclear Weapons Center in Utah. It is to provide the government with up to 21 Mod 5F midsections for the ICBM. Work is expected to be completed by March 2020. 4

Investors

The following financial institutions have made approximately USD 12,589 million available to this producer since January 2012.

  • Adage Capital Management (United States)
  • Allstate (United States)
  • American Century Investments (United States)
  • American International Group (AIG) (United States)
  • American National Insurance (United States)
  • American United Mutual Insurance (United States)
  • Aquiline Capital Partners (United States)
  • Artisan Partners (United States)
  • Bank of America (United States)
  • Bank of China (China)
  • Bank of East Asia (China)
  • Bank of New York Mellon (United States)
  • BlackRock (United States)
  • BPCE Group (France)
  • Capital Group (United States)
  • Carlyle Group (United States)
  • Citigroup (United States)
  • City National Corporation (United States)
  • CNO Financial Group (United States)
  • DBS (Singapore)
  • Federated Investors (United States)
  • Fidelity Investments (United States)
  • Fidelity Worldwide Investment (Bermuda)
  • Fifth Third Bancorp (United States)

  • Franklin Resources (United States)
  • GE Capital Services (United States)
  • Geode Capital Management (United States)
  • GGCP (United States)
  • Goldman Sachs (United States)
  • Hartford Financial Services (United States)
  • Invesco (United States)
  • JPMorgan Chase (United States)
  • Knights of Columbus (United States)
  • Loews Corporation (United States)
  • Manulife Financial (Canada)
  • MassMutual Financial (United States)
  • MetLife (United States)
  • Millennium Management (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Morgan Stanley (United States)
  • National Western Life Insurance Company (United States)
  • Neuberger Berman (United States)
  • New York Life Insurance Company (United States)
  • Northern Trust (United States)
  • Northwestern Mutual Life Insurance (United States)
  • PNC Financial Services (United States)

  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Securian (United States)
  • Sentinel Asset Management (United States)
  • Snow Capital Management (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • Sun Life Financial (Canada)
  • SunTrust (United States)
  • Synovus Financial Corporation (United States)
  • T. Rowe Price (United States)
  • The Dai-Ichi Life Insurance Company (Japan)
  • Thrivent Financial (United States)
  • TIAA-CREF (United States)
  • Travelers (United States)
  • UBS (Switzerland)
  • Unum Group (United States)
  • US Bancorp (United States)
  • USAA Investment Management Company (United States)
  • Vanguard (United States)
  • Voya Financial (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Westfield Capital Management Company (United States)
  • Williams Capital Group (United States)

This page was last updated 29 October 2015.

Notes

  1. Textron, “Company history”, Website Textron (www.textron.com/about/company/history.php), viewed June 2015.
  2. Textron, “Annual Report 2014”, Textron, February 2015.
  3. Textron Systems, “Reentry Vehicle Systems”, Website Textron Systems (www.textronsystems.com/capabilities/missile-space/reentry), viewed June 2015.
  4. U.S. Department of Defense, “Daily contracts list – Contract FA8204-14-D-0001”, U.S. Department of Defense, 6 March 2014 (www.defense.gov/Contracts/Contract.aspx?ContractID=5236);
    US Air Force, “MK12A Mod 3 to 5F Conversion”, Website US Federal Business Opportunities, Solicitation Number: FA8204-12-S-MOD5F, 27 March 2012 (www.fbo.gov/index?s=opportunity&mode=form&id=8e6a6ed8ff204a17c6aaa77e0ab35932&tab=core&_cview=0).

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.