Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Is there a Conflict of Interest Regarding Weapons Industry?

Tuesday 29 November
Press Release: People for Peace

Does PM John Key have a Conflict of Interest Regarding the Weapons Industry?

Lockheed Martin, the corporation that was the chief sponsor of the 2016 NZ Defence Association Forum weapons conference held in Auckland on 16-17 November, is the world’s largest weapons producer.

It produces and maintains a wide variety of conventional weapons around the world, as well as nuclear weapons for both the United States and the United Kingdom.

Lockheed Martin is responsible for the construction of the Trident II (D5) nuclear missiles for the US Ohio-class submarines and the British Vanguard-class submarines.

Other ‘products’ include the Black Hawk helicopter, the F-16 and the Minuteman III intercontinental ballistic missile.

For New Zealand to be allowing this corporation to be active in our nuclear free country is undoubtedly inappropriate and yet not only does Lockheed Martin have influence selling weapons here, it also employs over 200 people in this country in its delivery of transformational logistics to the New Zealand Defence Force and New Zealand Police. It is Lockheed Martin Canada who have the contract to refurbish the NZ Navy’s frigates Te Mana and Te Kaha, which will give them 10 more years of life, and which is already over $100 million over budget.

The Bank Of America Corp recently increased its holding in Lockheed Martin Corp by US $2.20 Billion citing aging equipment and global threats as a boon for Lockheed Martin’s outlook.

“Prime Minister John Key is known to have shares in the Bank of America.

“Is our Prime Minister indirectly profiting from the manufacture of nuclear weapons that the majority of the world’s countries would like to see made illegal’ questions Lisa Er, spokesperson for People for Peace.

“The United Nations recently adopted a resolution to launch negotiations in 2017 on a treaty outlawing nuclear weapons. New Zealand and 123 nations voted in favour of the resolution. It would then be inappropriate to have our Prime Minister profiting from the manufacture of such weapons, via his investments,” she said.

People for Peace would like to see the mainstream media question the shares the Prime Minister has in The Bank of America, and question whether he has a conflict of interest by allowing Lockheed Martin to operate in this country, if John Key is profiting from it through his Bank of America shares.

Anti – corruption campaigner, Penny Bright, says “If, arguably, our NZ Prime Minister is personally profiting from war and the weapons industry, we should be demanding an urgent inquiry into this alleged 'conflict of interest.”

“This also raises an allied question - should New Zealand MPs, particularly Ministers, be allowed to own shares in any companies, from which there may be, or may perceived to be, alleged 'conflicts of interest'?” she said.







© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Lockdown, Masks And Aerosol Transmission

Ironically, our relative success in suppressing the exponential spread of Covid-19 is only increasing the pressure to ease back from those measures, on a regional basis at least. We seem set on course to start tentatively emerging from lockdown in about a fortnight, about the same time as community transmission is likely to be continuing to pick up steam. This partial surrender to the mounting economic (and political) pressure to ease the lockdown is likely to come at a cost... More>>


Government: Seeking Infrastructure Projects

The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say...More>>


Police Commissioner: Christchurch Terrorist Pleads Guilty

Police acknowledge the guilty pleas in the Christchurch Mosque attacks prosecution that were entered in the Christchurch High Court today. The guilty pleas to 51 charges of murder, 40 charges of attempted murder and one charge of engaging in a terrorist ... More>>


Transport: $54 billion Investment In Draft GPS 2021

The Draft Government Policy Statement (GPS) 2021 on land transport confirms that the Government will invest a record $54 billion in its balanced transport policy over the next decade. More>>


Gordon Campbell: On The Loss Of Abortion Safe Zones

No doubt, last night’s defeat of abortion law reform provisions that would have created safe zones around abortion clinics will be portrayed, by some, as a victory for free speech. It isn’t. It was a victory for bigotry and intimidation directed ... More>>


Gordon Campbell: On National's Regulation Crusade

Lets step back in time now, to simpler days and to simple-minded solutions. So…. if National gets elected, landlords will once again be able to evict tenants at will, raise rents anytime they like, and ignore the need to install a healthy standard of heating in the homes they put out to rent. This promised ‘bonfire of regulations’ is being done in the name of cutting red tape... More>>


SMC - Expert Reaction: PF2050 Strategy

DOC has released a strategy to reach Predator Free 2050, along with an action plan through to 2025. The predator-free goal focuses on three groups of mammals: possums, three species of rats, plus stoats, ferrets and weasels... More>>






InfoPages News Channels