Ontario and N.B. teachers’ pension plans hold $4 million in shares in world’s largest weapons manufacturer: As of May 21, 2020, the Ontario Teachers’ Pension Plan owned 6,283 shares in Lockheed Martin valued at US$2.13 million.

This is not new.

According to Security and Exchange Commission information, the OTPP has owned shares in Lockheed Martin dating back to at least 2011.

Lockheed Martin is the world’s biggest arms manufacturer. In 2017, the company’s arms sales totalled US44.9 billion and it recorded a profit of US$2 billion.

Its operations are not without controversy.

Ontario and N.B. teachers’ pension plans hold $4 million in shares in world’s largest weapons manufacturer: As of May 21, 2020, the Ontario Teachers’ Pension Plan owned 6,283 shares in Lockheed Martin valued at US$2.13 million.This is not new.According to Security and Exchange Commission information, the OTPP has owned shares in Lockheed Martin dating back to at least 2011.Lockheed Martin is the world’s biggest arms manufacturer. In 2017, the company’s arms sales totalled US44.9 billion and it recorded a profit of US$2 billion.Its operations are not without controversy.Read More