La London

Local authorities: London

Details of known local authority shareholdings in the major European and US arms companies are listed below. The figures were primarily gathered using the Freedom of Information Act and should be read in conjunction with the notes. Shareholding and asset values relate to 31 December 2006 unless otherwise stated.


City of London Corporation Pension Fund

City of London PO Box 270 Guildhall London EC2P 2 EJ

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£- £- £- £- £- £- £- £- £- £- £- £- £- £- £- £- £-


Total assets: £462 million Total arms company holdings as % of assets: - No shareholding figures were provided by the local authority (claiming exemptions Section 41 (breach of confidence) and Section 43 (commercial interests) under the Freedom of Information Act 2000).


London Pensions Fund Authority

London Pensions Fund Authority Dexter House 2 Royal Mint Court London EC3N 4LP

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £840,000 £4,820,000 £1,750,000 £0 £0 £0 £0 £0 £0 £2,720,000 £5,490,000 £0 £280,000 £0 £100,000 £0 £16,000,000


Total assets: £3,582 million Total arms company holdings as % of assets: 0.5 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Barking & Dagenham Pension Fund

London Borough of Barking & Dagenham Civic Centre Dagenham RM10 7BY

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£235,214 £649,113 £1,369,808 £945,877 £0 £0 £561,493 £0 £0 £1,124,822 £0 £577,450 £0 £0 £0 £0 £0 £5,463,777


Total assets: £511 million Total arms company holdings as % of assets: 1.1 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Barnet Pension Fund

London Borough of Barnet Town Hall The Burroughs Hendon NW4 4BG

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £3,255,178 £0 £0 £0 £0 £0 £0 £0 £447,500 £0 £237,625 £736,250 £0 £0 £4,676,553


Total assets: £472 million Total arms company holdings as % of assets: 1.0 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Bexley Pension Fund

London Borough of Bexley Civic Offices Broadway Bexleyheath DA6 7LB

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £1,001,377 £0 £0 £0 £0 £0 £131,679 £0 £0 £0 £0 £743,494 £0 £0 £1,876,550


Total assets: £384 million Total arms company holdings as % of assets: 0.5 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Brent Pension Fund

London borough of Brent Town Hall Forty Lane Wembley HA9 9EZ

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £299,184 £263,339 £1,381,882 £0 £0 £570,613 £0 £0 £736,017 £0 £614,859 £0 £68,911 £171,702 £115,000 £54,350 £4,275,857


Total assets: £488 million Total arms company holdings as % of assets: 0.9 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Bromley Pension Fund

London Borough of Bromley Civic Centre Stockwell Close Bromley BR1 3UH

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £801,261 £0 £0 £0 £0 £0 £0 £0 £969,661 £0 £0 £0 £530,404 £0 £2,301,326


Total assets: £341 million Total arms company holdings as % of assets: 0.7 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Camden Pension Fund

London Borough of Camden Town Hall Judd Street London WC1H 9JE

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£166,485 £106,899 £396,829 £1,852,013 £0 £143,294 £0 £0 £0 £433,112 £0 £0 £0 £0 £0 £43,759 £0 £3,142,391


Total assets: £775 million Total arms company holdings as % of assets: 0.4 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Croydon Pension Fund

London Borough of Croydon Taberner House Park Lane Croydon CR9 1JL

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £2,540,348 £0 £0 £0 £0 £0 £0 £0 £1,463,126 £170,507 £149,399 £394,118 £241,778 £132,874 £5,092,150


Total assets: £529 million Total arms company holdings as % of assets: 1.0 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Ealing Pension Fund

London Borough of Ealing PO Box 4 Town Hall Annexe Ealing W5 2YX

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £306,193 £0 £0 £0 £825,034 £0 £1,518,892 £0 £2,650,119


Total assets: £540 million Total arms company holdings as % of assets: 0.5 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Enfield Pension Fund

London Borough of Enfield Civic Centre Silver Street Enfield EN1 3XF

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0


Total assets: £523 million Total arms company holdings as % of assets: 0 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Greenwich Pension Fund

London Borough of Greenwich 45-53 Wellington Street London SE18 6RA

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £685,427 £0 £1,575,415 £0 £0 £1,295,797 £0 £0 £1,967,248 £0 £0 £0 £0 £0 £0 £0 £5,523,887


Total assets: £735 million Total arms company holdings as % of assets: 0.8 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Hackney Pension Fund

London Borough of Hackney The Town Hall Mare Street London E8 1HE

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£206,989 £0 £2,767 £5,225,187 £224,727 £50,525 £0 £24,235 £0 £0 £148,905 £1,799,234 £64,535 £358,529 £2,572,622 £464,476 £43,719 £11,186,450


Total assets: £664 million Total arms company holdings as % of assets: 1.7 Shareholding figures provided by the local authority: All shareholdings provided (on 11 July 2007, after campaign launch)


London Borough of Hammersmith & Fulham Pension Fund

London Borough of Hammersmith & Fulham 2nd Floor, Town Hall Extension King Street London W6 9JU

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£108,000 £186,000 £62,000 £0 £65,000 £0 £0 £29,000 £0 £95,000 £0 £360,000 £0 £0 £0 £0 £0 £905,000


Total assets: £449 million Total arms company holdings as % of assets: 0.2 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Haringey Pension Fund

London Borough of Haringey Alexandra House, 10 Station Road Wood Green London N22 7TR

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£1,340,722 £0 £0 £4,458,454 £ £0 £0 £0 £71,273 £0 £0 £1,910,735 £0 £0 £0 £0 £0 £7,781,184


Total assets: £600 million Total arms company holdings as % of assets: 1.3 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Harrow Pension Fund

London Borough of Harrow Civic Centre Station Road Harrow HA1 2UJ

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0


Total assets: £424 million Total arms company holdings as % of assets: 0 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Havering Pension Fund

London Borough of Havering Town Hall Main Road Romford RM1 3BB

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £481,160 £0 £2,431,845 £0 £0 £320,225 £0 £0 £788,485 £0 £776,053 £0 £0 £0 £0 £0 £4,797,768


Total assets: £360 million Total arms company holdings as % of assets: 1.3 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Hillingdon Pension Fund

London Borough of Hillingdon Finance Department Civic Centre High Street Uxbridge UB8 1UN

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £190,648 £0 £2,163,789 £0 £0 £626,031 £0 £407,274 £537,820 £0 £715,782 £0 £0 £0 £429,784 £0 £5,071,128


Total assets: £566 million Total arms company holdings as % of assets: 0.9 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Hounslow Pension Fund

London Borough of Hounslow Civic Centre Lampton Road Hounslow TW3 4DN

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £3,700,000 £0 £0 £0 £0 £0 £0 £0 £407,000 £0 £0 £0 £329,000 £ £4,436,000


Total assets: £418 million Total arms company holdings as % of assets: 1.1 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Islington Pension Fund

London Borough of Islington 222 Upper Street Islington N1 1XR

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £1,531,284 £0 £0 £0 £- £0 £0 £0 £1,218,205 £0 £432,180 £486,186 £95,480 £0 £3,763,335


Total assets: £702 million Total arms company holdings as % of assets: 0.5 Shareholding figures provided by the local authority: All shareholdings provided (on 17 July 2007, after campaign launch). Total assets are as at 31 December 2006. Shareholdings refer to values as at 29 June 2007.


Royal Borough of Kensington & Chelsea Pension Fund

Royal Borough of Kensington & Chelsea Town Hall Hornton Street Kensington W8 7NX

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £267,816 £0 £1,811,566 £0 £0 £854,636 £0 £0 £0 £0 £636,253 £0 £0 £0 £262,747 £140,767 £3,973,785


Total assets: £400 million Total arms company holdings as % of assets: 1.0 Shareholding figures provided by the local authority: All shareholdings provided


Royal Borough of Kingston upon Thames Pension Fund

Royal Borough of Kingston upon Thames Guildhall Kingston upon Thames KT1 1EU

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £1,029,434 £0 £0 £0 £0 £0 £50,768 £0 £433,337 £51,322 £44,350 £117,994 £73,411 £39,545 £1,840,161


Total assets: £308 million Total arms company holdings as % of assets: 0.6 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Lambeth Pension Fund

London Borough of Lambeth International House 6 Canterbury Crescent London SW9 7QE

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £699,638 £325,468 £1,608,824 £0 £0 £728,376 £0 £0 £1,081,986 £0 £728,042 £0 £0 £0 £592,912 £0 £5,765,246


Total assets: £725 million Total arms company holdings as % of assets: 0.8 Shareholding figures provided by the local authority: All shareholdings were provided by Lambeth except for those relating to Boeing, BAE Systems and Cobham. Shareholding figures for these 3 companies are drawn from Lambeth's previous response to CAAT's Freedom of Information requests (information refers to 31.12.05).


London Borough of Lewisham Pension Fund

London Borough of Lewisham Lewisham Town Hall Catford SE6 4RU

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £1,261,912 £0 £3,205,897 £0 £0 £1,947,202 £0 £0 £0 £0 £1,033,765 £0 £0 £796,312 £661,226 £0 £8,906,314


Total assets: £718 million Total arms company holdings as % of assets: 1.2 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Merton Pension Fund

London Borough of Merton Merton Civic Centre London Road Morden SM4 5DX

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £171,900 £0 £0 £0 £156,600 £0 £328,500


Total assets: £309 million Total arms company holdings as % of assets: 0.1 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Newham Pension Fund

London Borough of Newham Newham Town hall Barking Road, East Ham London E6 2RP

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £1,456,065 £0 £0 £0 £0 £188,364 £0 £0 £371,243 £0 £0 £432,256 £0 £0 £2,447,928


Total assets: £601 million Total arms company holdings as % of assets: 0.4 Shareholding figures provided by the local authority: All shareholdings provided (on 5 July 2007, after campaign launch deadline)


London Borough of Redbridge Pension Fund

London Borough of Redbridge Lynton House 225-259 High Road Ilford IG1 1NN

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £2,340,109 £3,507 £239,326 £0 £0 £0 £0 £136,937 £1,119,375 £0 £318,659 £487,695 £304,999 £0 £4,950,607


Total assets: £329 million Total arms company holdings as % of assets: 1.5 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Richmond upon Thames Pension Fund

London Borough of Richmond upon Thames Civic Centre 44 York St. Twickenham TW1 3BZ

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0


Total assets: £328 million Total arms company holdings as % of assets: 0 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Southwark Pension Fund

London Borough of Southwark Southwark Town Hall Peckham Road London SE5 8UB

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £726,280 £0 £364,352 £0 £0 £0 £0 £0 £1,867,298 £0 £0 £0 £0 £0 £0 £0 £2,957,930


Total assets: £733 million Total arms company holdings as % of assets: 0.4 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Sutton Pension Fund

London Borough of Sutton Civic Centre St Nicolas Way Sutton SM1 1EA

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£388,857 £149,795 £0 £1,673,759 £0 £0 £273,977 £0 £0 £0 £0 £462,078 £0 £0 £485,421 £0 £0 £3,433,887


Total assets: £290 million Total arms company holdings as % of assets: 1.2 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Tower Hamlets Pension Fund

London Borough of Tower Hamlets Mulberry Place 5 Clove Crescent London E14 2BC

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £2,142,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £2,142,000


Total assets: £692 million Total arms company holdings as % of assets: 0.3 Shareholding figures provided by the local authority: All shareholdings provided


London Borough of Waltham Forest Pension Fund

London Borough of Waltham Forest PO Box 193 Town Hall Forest Road Walthamstow E4 9BL

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £412,744 £0 £0 £0 £0 £0 £412,744


Total assets: £462 million Total arms company holdings as % of assets: 0.1 Shareholding figures provided by the local authority: No pooled shareholdings provided


London Borough of Wandsworth Pension Fund

Wandsworth Borough Council The Town Hall Wandsworth High Street London SW18 2PU

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £783,563 £0 £0 £0 £725,874 £0 £1,509,437


Total assets: £692 million Total arms company holdings as % of assets: 0.2 Shareholding figures provided by the local authority: All shareholdings provided


City of Westminster Pension Fund

City of Westminster Westminster City Hall PO Box 240 64 Victoria Street London SW1E 6QP

Known shareholdings in identified arms companies:

1. Lockheed Martin 2. Boeing 3. Northrop Grumman 4. BAE Systems 5. Raytheon 6. General Dynamics 7. EADS 8. L3 Communications 9. Thales 10. Halliburton 11. Finmeccanica 17. Rolls-Royce 27. QinetiQ 40. VT 55. Cobham 66. Meggitt 79. Ultra Electronics	£0 £344,983 £0 £741,669 £0 £0 £610,028 £0 £0 £989,970 £0 £991,448 £0 £0 £472,353 £0 £0 £4,150,451


Total assets: £639 million Total arms company holdings as % of assets: 0.7 Shareholding figures provided by the local authority: All shareholdings provided

Notes to the local authority shareholdings

1. While the greatest care has been taken to ensure the accuracy of all the figures in this report, CAAT recognises the possibility of human error, and recommends that this fact be kept in mind when referring to the information it contains. The figures are as known on 3 July 2007.

2. The vast majority of the figures in the report are taken from responses to Freedom of Information Act requests made to each local authority pension fund. Thus, unless otherwise stated, each individual local authority listed is the source of the information provided on that pension fund.

3. The information on shareholdings that has been provided by most of the local authority pension funds is categorised as one of the following:

'All shareholdings provided' indicates that, as we understand it, all relevant shareholding figures have been provided by the local authority.
'No pooled shareholdings provided' means that direct shareholdings (specific investments in specific companies) were provided but not shareholdings within pooled funds (where investment is part of a wider fund that holds shares in a group of companies. These funds may be organised in a number of ways, from the active selection of specific companies to the passive tracking of a particular investment index such as the FTSE 350).

If the local authority has not responded or has refused to provide the requested information, this is spelt out below each pension fund's table of figures. If an alternative source of information has been used, this has also been explained.

4. The companies investigated are the world's top eleven arms companies (by military revenue) plus six other UK-headquartered arms companies that rank inside the world's top 100. These are taken from www.defensenews.com. The number in front of the company name is the world ranking by military revenue (also shown in the shareholding lists) and the country where they are headquartered is given. Halliburton separated from subsidiary KBR, which carried out the bulk of its military-related work, in April 2007. KBR is now a stand alone company.

1. Lockheed Martin (US)
2. Boeing (US)
3. Northrop Grumman (US)
4. BAE Systems (UK)
5. Raytheon (US)
6. General Dynamics (US)
7. EADS (Germany/France/Spain)
8. L3 Communications (US)
9. Thales (France)
10. Halliburton (US)
11. Finmeccanica (Italy)
17. Rolls-Royce (UK)
27. QinetiQ (UK)
40. VT (UK)
55. Cobham (UK)
66. Meggitt (UK)
79. Ultra Electronics (UK)