As a global leader in aerospace and defense technologies, Orbital ATK designs, builds and delivers space, defense and aviation-related systems to customers around the world both as a prime contractor and as a merchant supplier. Their ammunition plant operates in Independence, Missouri. Currently, SIPRI has rated ATK 26th out of the Top 100 largest arms producing companies in the world.
ATK’s core business is in the aerospace defence and sport shooting markets. The defence group, headquartered in Maryland, USA, is a producer of ammunition, precision and strike weapons, missile early warning systems and tactical rocket motors. ATK, in 2014, is not a participant of UN Global Compact.
More than 50 investors worldwide have excluded ATK, including the Norwegian Government Pension Fund Global (GPFG). ATK was excluded from the GPFG due to production of cluster munitions. GPFG believe ATK no longer produce these munitions, however other sources such as IKV Pax Christie disagree (related to ATKS production of sensor fused weapons) and keep ATK on their red flag list. Other cluster munition types that were produced by ATK include the BLU 97. A significant number of investors have excluded ATK from their investment universes due to production of cluster munitions.
‘Don’t bank on the Bomb’ provides details of orbital ATK (formerly ATK or Alliant Techsystems) production of nuclear weapons.1
Investor information correct as at publication of Dirty Profits 3.
Current mutual funds according to morningstar.
- http://www.dontbankonthebomb.com/orbital-atk/ [↩]