Commentary - 09/20/2006

Who Controls The Major U.S. Military Contractors?

This page was created to help determine who really controls the top 10 defense contractors listed this year in the DOD's 2005 report, which became available January 2006. It was a lot of work, but it turned out very interesting. I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

TOP 10 DEFENSE CONTRACTORS OF 2005 (as of January, 2006)  
Symbol Name Of Corporation
LMT

Major
Holders
1. Lockheed Martin Corp.
State Street Corporation18.99%
Barclays Global Investors UK Holdings Ltd6.86%
Wellington Management Company, LLP5.95%
FMR Corporation (Fidelity Management & Research Corp)3.79%
Capital Research And Management Company3.59%
Massachusetts Financial Services Co.3.19%
NWQ Investment Management Company, LLC.2.25%
Total percentage of Barclays and "associates"28.10%
BA

Major
Holders
2. Boeing Co.
State Street Corporation11.09%
AXA (Paris, France)5.70%
Capital Research And Management Company4.83%
Barclays Global Investors UK Holdings Ltd2.77%
Wellington Management Company, LLP2.54%
Vanguard Group, Inc.2.51%
Goldman Sachs Group Inc1.66%
Total percentage of Barclays and "associates"15.52%
NOC

Major
Holders
3. Northrop Grumman Corp.
State Street Corporation9.48%
Capital Research And Management Company9.13%
Barclays Global Investors UK Holdings Ltd4.25%
AXA (Paris, France)4.24%
NWQ Investment Management Company, LLC.3.31%
Goldman Sachs Group Inc2.64%
Total percentage of Barclays and "associates"19.68%
GD

Major
Holders
4. General Dynamics Corp.
Longview Asset Management, LLC8.27%
Capital Research And Management Company7.80%
Marsico Capital Management, LLC4.33%
Wellington Management Company, LLP3.20%
State Street Corporation3.12%
Barclays Global Investors UK Holdings Ltd3.05%
Waddell & Reed Financial Inc.1.62%
Northern Trust Corporation1.41%
T. Rowe Price Associates1.41%
Total percentage of Barclays and "associates"10.61%
RTN

Major
Holders
5. Raytheon Co.
Capital Research And Management Company5.32%
Legg Mason Inc.4.19%
Harris Associates L.P.3.82%
Barclays Global Investors UK Holdings Ltd3.64%
State Street Corporation3.53%
Morgan Stanley3.04%
Lord Abbett & Co.3.04%
NWQ Investment Management Company, LLC.3.02%
Franklin Resources, Inc2.88%
Morgan Stanley2.08%
Total percentage of Barclays and "associates"22.38%
HAL

Major
Holders
6. Halliburton Co.
AXA (Paris, France)8.53%
FMR Corporation (Fidelity Management & Research Corp)7.53%
Capital Research And Management Company5.39%
Wellington Management Company, LLP4.30%
State Street Corporation4.16%
Marsico Capital Management, LLC4.09%
Barclays Global Investors UK Holdings Ltd3.21%
Total percentage of Barclays and "associates"7.37%
BAE 7. BAE Systems PLC.
BAE SYSTEMS is now Europe's largest defense contractor and the largest foreign player in the US defense market. BAE's offerings include avionics, military aircraft, armored vehicles, air-defense systems, missiles, artillery locators, communications and navigation systems, radar, ships, space systems, and aerospace electronics. BAE's fighter aircraft include the Harrier, Hawk, Tornado, and the next-generation Eurofighter Typhoon. BAE also owns 20% of Airbus, Boeing's only competitor for large commercial aircraft. The company acquired armored vehicle maker Alvis in 2004 and United Defense Industries the following year. Would you be surprised to find Barclays their largest stockholder?
UTX

Major
Holders
8. United Technologies Corp.
State Street Corporation10.59%
Capital Research And Management Company4.30%
Barclays Global Investors UK Holdings Ltd3.03%
Vanguard Group, Inc.2.49%
AXA (Paris, France)2.10%
FMR Corporation (Fidelity Management & Research Corp)2.04%
Northern Trust Corporation1.87%
Bank Of America Corporation1.50%
Total percentage of Barclays and "associates"16.99%
LLL

Major
Holders
9. L-3 Communications Holdings, Inc.
Legg Mason Inc.10.18%
Deephaven Capital Management, LLC3.26%
Barclays Global Investors UK Holdings Ltd3.17%
Vanguard Group, Inc.3.13%
Putnam Investment Management, LLC2.98%
State Street Corporation2.75%
Citigroup Inc.1.39%
Total percentage of Barclays and "associates"20.47%
CSC

Major
Holders
10. Computer Sciences Corp.
Dodge & Cox, Inc.12.89%
Barclays Global Investors UK Holdings Ltd12.37%
Goldman Sachs Group Inc6.05%
Vanguard Group, Inc.3.81%
State Street Corporation3.55%
FMR Corporation (Fidelity Management & Research Corp)2.53%
Merrill Lynch Investment Managers Group Ltd.1.39%
Total percentage of Barclays and "associates"23.36%


© 2006 by Edward Ulysses Cate
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