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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