Wednesday, 7 March 2012

Nuke-armed nations carry 20,000 nuclear weapons: report

 
BERLIN: The International Campaign to Abolish Nuclear Weapons (ICAN), a global grassroots organisation, revealed that 20,000 nuclear weapons are in the possession of nine nuke-armed nations, which have a collective destructive force equivalent to 150,000 Hiroshima-sized bombs.

According to the report of ICAN, the nine nuclear-armed nations are spending a combined total of more than US$100 billion on weapons of mass destruction by assembling new warheads, modernizing old ones, and building ballistic missiles, bombers and submarines to launch them.

The report identifies more than 300 banks, insurance companies, pension funds and asset managers from 30 countries that invest significantly in 20 major nuclear weapons producers.

According to the 180-page study, much of the work is being carried out by corporations such as BAE Systems and Babcock International in the United Kingdom, Lockheed Martin and Northrop Grumman in the United States, Thales and Safran in France, and Larsen & Toubro in India.

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