By Jean Bednar, director of communications for Brethren Benefit Trust
Brethren Benefit Trust (BBT) has released the 2020 Department of Defense lists that are used for screening investments under its management. All investments managed for members, clients, and donors follow Brethren Values Investing guidelines that are consistent with Church of the Brethren Annual Conference statements.
This means that the 25 publicly traded companies that receive the most US Department of Defense contracts (in terms of dollars), and companies that generate 10 percent or more of their gross earnings from US Department of Defense contracts, firearms and military weapons systems, weapons of mass destruction, abortion, alcohol, gambling, pornography, or tobacco, are screened from BBT investment portfolios. Companies that are egregious violators of environmental or human rights regulations also are screened from BBT portfolios.
Following are the updated lists:
2020 US Department of Defense companies screened due to greater than 10 percent of gross revenues from prime contracts with the US DoD (see note below). This list has been developed on a best effort basis by Kayne Anderson Rudnick:
Aerojet Rocketdyne Holdings
Air Transport Services Group*
Booz Allen Hamilton
Dynasil of America*
Great Lakes Dredge & Dock
Healthcare Trust of America*
Hornbeck Offshore Services (Louisiana)*
Huntington Ingalls Industries
Kratos Defense & Security Solutions
National Presto Industries
Ocean Power Technologies
Science Applications International
Tactile Systems Technology*
Ultra Electronics Holdings
Note: Public companies that received prime contract awards during the federal fiscal year ending Sept. 30, 2019.
* Denotes new to the list for 2020.
Removed from the 2019 list: Astronics; Atlas Air Worldwide Holdings; Austal; BWX Technologies; Comtech Communications; Engility Holdings; ESCO Technologies; Esterline Technologies; Express Scripts Holding; Harris; Hawaiian Electric Industries; Hawaiian Telecom; Humana; Inovio Pharmaceuticals; Jacobs Engineering Group; KEYW Holding; ManTech International; Maxar Technologies; Orbit International; Perspecta; Rockwell Collins; ViaSat; VSE; Wesco Aircraft Holdings.
US Department of Defense 2020 top 25 publicly traded companies receiving prime contract awards. Source: Federal Contract Data: Federal Procurement Data System, Top 100 Contractors Report Fiscal Year 2018-19:
1. Lockheed Martin
4. General Dynamics
5. Northrop Grumman
7. Huntington Ingalls Industries
8. BAE Systems
9. L3Harris Technologies
10. General Electric
12. Leidos Holdings
19. Booz Allen Hamilton Holding
21. Science Applications International
23. CACI International
New to BBT Top 25 list for 2020: 16. Fluor; 22. Leonardo; 24. Austal; 25. Perspecta
Removed from the BBT Top 25 list for 2020: Healthnet; United Health Group; Harris (merged with L3); United Technology (merged with Raytheon)