No WARP! Network Opposed to Weapons and Related Production

NZ Super Fund investment in companies involved
in cluster munitions production

Updated information, April 2008 - Leaflet: Investing in whose future?
Action alert: Act now! NZ Superannuation Fund investments in death and destruction

Information provided for the NGO meeting with representatives of the
NZ Superannuation Fund, 29 August 2007

In 2004 and 2006, KBC Bank, Belgium, disinvested in nineteen publicly-traded companies because of their involvement in cluster munitions production. As at September 2006 (the most recent figures available), the Super Fund had investments in eight of those companies, as follows:

  • Alliant Techsystems (USA) - $1,263,929
  • BAE Systems (Britain) - $2,215,936
  • General Dynamics (USA) - $1,044,382
  • L-3 Communications (USA) - $370,851
  • Lockheed Martin (USA) - $15,806,421
  • Northrop Grumman (USA) - $9,006,267
  • Raytheon (USA) - $1,525,773
  • Rheinmetall (Germany) - $924,104

The Super Fund also invests in other companies involved with cluster munitions, for example, Texas Instruments (manufacturers of the Paveway laser guidance kits designed and use for a variety of air-dropped bombs, including several types of cluster munitions) - $15,878,590

For more information about cluster munitions, go to the Cluster Munition Coalition and the International Campaign to Ban Landmines

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