Lockheed Martin is a global security and aerospace company headquartered in Bethesda, Maryland. Business sectors include missile and fire control, information systems and integrated air and missile defense systems1.
SIPRI has once again placed Lockheed Martin at the top of their “Top 100 arms-producing and military services companies in the world excluding China, 2013” list. 76% of the company’s sales are military, worth US$36 billion (€28 billion)2. The company has yet to sign the UN Global Compact.
More than 40 banks, pension funds, asset management companies, and insurance companies have excluded Lockheed Martin due to their involvement in the production of nuclear arms and/or cluster munitions. In June 2013, the Norwegian Government Pension Fund Global (GPFG) recommended changing their grounds for Lockheed Martin’s exclusion from “production of cluster munitions” to “production of key components for nuclear weapons”3.
Investor information correct as at publication of Dirty Profits 3.
Shareholders according to Morningstar
Investment funds according to onvista
- Lockheed Martin (2014): Who we are (accessed 23.09.2014) [↩]
- SIPRI (2012): The SIPRI Top 100 arms-producing and military services companies in the world excluding China, 2012 (accessed 23.09.2014) [↩]
- Council on Ethics, The Government Pension Fund-Global (2013): Recommendation concerning the exclusion of Lockheed Martin Corp. from the investment universe of the Government Pension Fund Global; 13 June (accessed 23.09.2014) [↩]