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.[a]

In the financial year ending 2 January 2016, Textron generated revenues of US$ 13.4 billion (€ 12.3 billion), resulting in an operating income of US$ 1.1 billion (€ 1.0 billion) and a net income of US$ 697.0 million (€ 641 million).[b]

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.[i] 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.[ii]

Investors

The following financial institutions have made approximately US$ 11,424 million available to this producer since January 2013.

  • Allianz
  • Allstate
  • Alyeska Investment Group
  • American Century Investments
  • American International Group (AIG)
  • American National Insurance
  • American United Mutual Insurance
  • AQR Capital Management
  • Artisan Partners
  • Bank of America
  • Bank of China
  • Bank of East Asia
  • Bank of New York Mellon
  • BlackRock
  • BPCE Group
  • Capital Group
  • Carlyle Group
  • Cathay Life Insurance
  • Citigroup
  • CNO Financial Group
  • DBS
  • Dimensional Fund Advisors
  • Federated Investors
  • Fidelity Investments

  • Fifth Third Bancorp
  • Franklin Resources
  • GE Capital Services
  • Geode Capital Management
  • GGCP
  • Goldman Sachs
  • Hartford Financial Services
  • Invesco
  • JPMorgan Chase
  • Knights of Columbus
  • Loews Corporation
  • Manulife Financial
  • MassMutual Financial
  • MetLife
  • Mitsubishi UFJ Financial
  • Morgan Stanley
  • National Life Group
  • National Western Life Insurance Company
  • Neuberger Berman
  • New York Life Insurance
  • Northern Trust
  • Northwestern Mutual Life Insurance
  • Orix Corporation
  • Pacific Century Group
  • Pacific Mutual
  • PNC Financial Services

  • Principal Financial Group
  • Prudential (UK)
  • Prudential Financial (US)
  • Royal Bank of Canada
  • Securian
  • Snow Capital Management
  • State Street
  • Sumitomo Mitsui Financial
  • Sun Life Financial
  • SunTrust
  • Synovus Financial Corporation
  • T. Rowe Price
  • The Dai-Ichi Life Insurance Company
  • Thrivent Financial
  • TIAA-CREF
  • Travelers
  • UBS
  • US Bancorp
  • USAA Investment Management Company
  • Vanguard
  • Voya Financial
  • Wells Fargo
  • Williams Capital Group

This page was last updated 29 November 2016.

Notes

[a]       Textron, “Our businesses”, Website Textron (www.textron.com/About/Our-Businesses), viewed June 2016.

[b]      Textron, “Annual Report 2015”, Textron, February 2016;
Thomson Reuters Eikon, “Textron – Business info”, Thomson Reuters Eikon, viewed June 2016.

[i]       Textron Systems, “Reentry Systems & Vehicles”, Website Textron Systems (www.textronsystems.com/what-we-do/weapon-sensor-systems/reentry-vehicle-system), viewed June 2016.

[ii]      U.S. Department of Defense, “Daily contracts list – Contract FA8204-14-D-0001”, U.S. Department of Defense, 6 March 2014 (archive.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.