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Last update: 2016-06-22 06:19:26
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Lockheed Martin is one of the worlds largest arms-producing and military services companies. It is a global security company engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It is headquartered in Bethesda, Maryland and employees 120,000 people globally.
The company has the following four main business areas: Aeronautics; Electronic Systems; Information Systems & Global Solutions; and Space Systems. The aeronautics unit is engaged in activities such as the production of tactical aircraft and aeronautical research, while the electronic systems unit is involved in missiles and fire control, simulations, platform integration, and naval systems. The information systems division provides government and other businesses with IT solutions. Space systems deals with commercial satellites, government satellites, and space launches.
A list of Lockheed Martin's subsidiaries can be found here.
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More than 20 pension funds, asset management companies, and insurance companies have excluded Lockheed Martin from their investments because of their involvement in the production of nuclear arms and/or cluster munitions.
In June 2013, the Council on Ethics for the Norwegian Government Pension Fund Global (GPFG) recommended changes to its investment exclusion list regarding Lockheed Martin. The fund recommended changing their grounds for Lockheed Martin’s exclusion from “production of cluster munitions” to “production of key components for nuclear weapons.
Lockheed Marin is one of the largest contributors to members of Congress with influence over nuclear weapons spending.