At a meeting this week, the Cambodian Campaign to Ban Landmines called on ANZ Royal to pressure its Australian parent company into cancelling credit to a US manufacturer of cluster munitions.

Australia and New Zealand Banking Group, a 55 percent stakeholder in ANZ Royal, contributed $37.5 million in 2007 toward a $1.5 billion line of credit for US defense contracting giant Lockheed Martin, according to the NGOs IKV Pax Christi and Netwerk Vlaanderen.

Maker of the US Air Force F-22 stealth fighter, Lockheed Martin Corp also produces a version of the M30 Guided Multiple Rocket Launcher System, capable of launching rockets designed to release clusters of 404 bomblets, or sub-munitions.

"Cambodians know firsthand the terrible legacy that cluster bombs…read more

Almost one year on from the historic signing of the Convention on Cluster Munitions in Oslo in December 2008, 138 financial institutions still provide over US$ 20 billion worth of investments and financial services to eight producers of cluster bombs. These are the findings of the most comprehensive…read more