Council pension funds have sizeable shareholdings in BAE Systems, Airbus, Lockheed Martin, Raytheon and Northrop Grumman, according to nearly 100 freedom of information requests. Facebook Twitter Pinterest Workers build a Eurofighter Typhoon at a BAE Systems plant in Warton, Lancashire. Tameside pension fund, including Greater Manchester, has £79m invested with Raytheon and BAE Systems, pulling in £2.65m of dividend income over 12 months. A further 40 local authority pension funds hold similar investments, with values ranging from negligible sums to tens of millions of pounds. The Guardian has approached West Yorkshire pension fund and Lothian pension fund for comment.

Source: The Guardian January 10, 2019 15:52 UTC