Bechtel

Nuclear Weapon Producers

Bechtel is involved in several US nuclear weapon complex facilities. It is also part of the team that will develop the new U.S. nuclear weapon- the Ground Based Strategic Deterrent.

Nuclear Weapons |  Investments years compared – 2021, 2020, 2019

Company Profile

Bechtel Group, a private company based in the US, operates as an engineering, construction and project management company.1 Bechtel manages and operates the Lawrence Livermore National Laboratory (with Battelle and Texas A&M University), which, as its primary mission, supports the US nuclear weapons capabilities.2 In the financial year 2021, Bechtel Group reported revenues of $17.5 billion.3

Stock exchange listing

Bechtel is not publicly traded.

Contact information

12011 Sunset Hills Road
Reston, VA 20190-5918
USA
Tel: +1 571 392 6300

Website: https://www.bechtel.com/
Facebook: https://www.facebook.com/bechtelcorp/
GooglePlus: https://plus.google.com/+bechtel
LinkedIn: https://www.linkedin.com/company/bechtel-corporation
Twitter: https://twitter.com/bechtel
YouTube: https://www.youtube.com/user/BechtelCorporation

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Nuclear weapons

Bechtel is contracted to provide launch system design, construction, and integration during the next development phase for the Sentinel, the new US Ground-Based Strategic Deterrent (ICBM).4

Bechtel is part of the Lawrence Livermore National Security, LLC consortium, which has the management and operation contract for the Lawrence Livermore National Laboratory, where the life extension program for the W80-4 cruise missile warhead and nuclear design activities for the B83 bomb, W80 warhead and W87 warhead are carried out.5 The contract was originally awarded in May 2007, and currently runs until at least September 2026, with a potential value of over $61.6 billion.6

Bechtel is also part of Consolidated Nuclear Security, LLC, which since 2013 has been managing the Pantex Plant and the Y-12 National Security Complex under a single $48.5 billion contract.7 CNS is “fully responsible for high-hazard enriched uranium, special nuclear material (SNM), high-explosive and nuclear weapon assembly/disassembly functions”.8 In July 2020, the National Nuclear Security Administration (NNSA) announced that it had ended its deal with CNS after the latter had failed to meet safety and security standards.cxii While a new management and operation contract for both sites was initially awarded to Nuclear Production One in November 20219, the US Department of Energy announced in May 2022 that it would terminate said contract award and instead hold two new competitions for separate contracts to manage each site, and in the meantime further extend the current contract held by CNS.10 In October 2022, the contract held by CNS was formally extended with up to five years for the Y-12 National Security Complex and up to three years for the Pantex Plant.11

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Investments

Investments compared

Click on the institution to see if and how they've invested in the past. Red indicates a new investor in 2021. Green indicates investors that ended their involvement by 2021.

2022 Investments

2022

[table id=41 /]
2021 Investments

2021

11 Financial institutions made $3,500 million available to Bechtel in the research period January 2019- January 2021.

All forms of financing meeting the definition of substantive financial relationships are included in the report. This comprises financial institutions participating in loans and underwriting deals since 1 January 2019, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2020. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2020 Investments

2020

20 Financial institutions have outstanding loans with Bechtel totalling $4,543.8 million.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2018, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2019. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

2019 Investments

2019

22 Financial institutions made $8,543.8 million available to Aerojet Rocketdyne in the research period January 2017-2019.

This comprises financial institutions participating in loans and underwriting deals since 1 January 2017, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2018. For (managing) investments in shares or bonds of arms companies, a group-level threshold of at least 0.5% of the outstanding shares or bonds at most recent filing dates is applied per financial institution.

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Last updated: 2023-07-06 14:23:16

Notes

  1. ‘Bechtel Report 2021. Partners in Progress,’ Bechtel (2021). Available at: 2021-About-Bechtel.pdf.
  2. U.S. National Laboratories, New Mexico and California, USA (2022) | Bechtel. Available at: https://www.bechtel.com/projects/us-national-laboratories/.
  3. ‘Bechtel Report 2021. Partners in Progress’, Bechtel (2021). Available at: 2021-About-Bechtel.pdf.
  4. Bechtel Joins Northrop Grumman’s Ground Based Strategic Deterrent Team. Bechtel, 26 February 2020. Available at: https://www.bechtel.com/newsroom/releases/2020/02/bechtel-joins-northrop-grumman-gbsd-team/.
  5. Amy F. Woolf and James D. Werner (2021) ‘The U.S. Nuclear Weapons Complex: Overview of Department of Energy Sites’, Congressional Research Service, p. 15. Available at: https://crsreports.congress.gov/product/pdf/R/R45306 .
  6. CONTRACT to LAWRENCE LIVERMORE NATIONAL SECURITY LIMITED LIABILITY COMPANY.| USAspending, 9 May 2007. Available at: https://www.usaspending.gov/award/CONT_AWD_DEAC5207NA27344_8900_-NONE-_-NONE- (Accessed: 11 October 2022).
  7. NNSA Production Office contract (2014) Energy.gov. Available at: https://www.energy.gov/nnsa/nnsa-production-office-contract (Accessed: 14 September 2022); U.S. Nuclear Security Enterprise (2022) | Bechtel (no date). Available at: https://www.bechtel.com/projects/us-nuclear-security-enterprise/ (Accessed: 14 September 2022).;  ‘CONTRACT to CONSOLIDATED NUCLEAR SECURITY LLC.| USAspending’, 8 January 2013. Available at: https://www.usaspending.gov/award/CONT_AWD_DENA0001942_8900_-NONE-_-NONE- (Accessed: 11 October 2022).; Bechtel. Available at: https://www.bechtel.com/projects/us-nuclear-security-enterprise/; CONTRACT to CONSOLIDATED NUCLEAR SECURITY LLC.| USAspending, 8 January 2013. Available at: https://www.usaspending.gov/award/CONT_AWD_DENA0001942_8900_-NONE-_-NONE- (Accessed: 11 October 2022).
  8. Contract No. DE-NA0001942 (2014) Energy.gov. Section J, Appendix A, Page 1. Available at: https://www.energy.gov/nnsa/downloads/contract-no-de-na0001942 (Accessed: 14 September 2022).
  9. NNSA Awards Management and Operations Contract for Y-12, Pantex. Energy.gov, 29 November 2021. Available at: https://www.energy.gov/nnsa/articles/nnsa-awards-management-and-operations-contract-y-12-pantex .
  10. NNSA cancels Y-12, Pantex contract award, to hold new competitions for separate site management contracts. Energy.gov,16 May 2022. Available at: https://www.energy.gov/nnsa/articles/nnsa-cancels-y-12-pantex-contract-award-hold-new-competitions-separate-site.
  11. NNSA announces contract extension to Consolidated Nuclear Security for the management and operation of the Y-12 National Security Complex and the Pantex Plant. Energy.gov, 3 October 2022. Available at: https://www.energy.gov/nnsa/articles/nnsa-announces-contract-extension-consolidated-nuclear-security-management-and.