Aletho News

US pension fund invests hundreds of millions in weapons firms supplying Israel

The Cradle | April 27, 2026

The Virginia Retirement System (VRS), which manages pension benefits for the US state of Virginia’s public sector workers, holds a staggering $394 million in investments linked to weapons makers and shipping companies supporting Israel’s genocide of Palestinians in Gaza and wars on Lebanon and Iran, according to a 23 April report released by a coalition of Palestinian advocacy groups.

The report was prepared by the VRS Divest from Weapons & War campaign, the Palestinian Youth Movement (PYM), and the People’s Embargo for Palestine. It draws on publicly available financial data and records obtained through Freedom of Information Act requests.

The report presents a detailed accounting of the VRS’s investments in many of the world’s largest weapons makers as part of its $122 billion portfolio.

Lockheed Martin is the VRS’s single largest holding at $94.8 million. The firm produces the F-35 fighter jet and AGM-114 Hellfire missiles. Both have been used extensively by the Israeli military during its more than two-year Genocide of Palestinians in Gaza.

The Virginia pension system is also invested in Boeing, which manufactures precision-guided munitions, known as JDAMs, that are used to kill and maim children in Gaza.

Other investments include General Dynamics, Northrop Grumman, Raytheon, Maersk, and Thyssenkrupp, all of which either manufacture or ship weapons for use by the Israeli military in Gaza, Lebanon, and Iran.

“These companies are critical in maintaining the weapons supply to Israel and the resulting massacres of thousands of people across the Middle East,” Bana Husseini, an organizer with the VRS Divest campaign and the Palestinian Youth Movement, told TRT World. 

Husseini and other activists are lobbying the VRS to divest from companies supporting Israel’s military and its genocide and wars. A petition calling for divestment has gathered nearly 4,500 signatures.

However, the pension system has continued to express its support for Israel.

“The VRS has responded by dismissing the campaign’s demands, arresting a firefighter for delivering the petition, inviting a notorious war criminal to their yearly retreat, and further collaborating with war profiteers,” Husseini explained.

Joelle Rudney, a retired teacher from Virginia, told TRT World she was upset to learn her pension was invested “in the bombings of hospitals, schools, and houses in Gaza in attacks that have killed nearly 70,000 people, mostly civilians.”

In response, she has helped lobby the VRS Board of Trustees to divest from the companies supporting Israel’s war crimes.

Casey Rosales, a county public servant who has worked in mental health services, was also angered to learn how her pension contributions are being invested.

“It’s difficult to reconcile the fact that while I dedicate my career to supporting and strengthening communities, the money I earn may be contributing to harm elsewhere,” Rosales stated.

A Virginia public utilities employee said she felt betrayed to learn the money she contributes to her retirement fund is supporting genocide.

“It is profoundly sad that while doing work to help men, women, and children with health care services and resources here in Virginia, my tax money goes to buying and owning shares in companies contributing to genocide,” the employee stated.

“I demand the VRS Board of Trustees divest from these companies and commit to never again invest our future into the manufacturing of death,” the employee told TRT World.

Israel’s genocide of Palestinians in Gaza has killed over 72,000 Palestinians, the majority women and children. Tens, if not hundreds, of thousands more will likely die due to the indirect effects of years of Israeli bombing that has destroyed the basic health, electricity, and water infrastructure in the strip and displaced nearly 90 percent of the population.

April 27, 2026 - Posted by aletho | Ethnic Cleansing, Racism, Zionism, Militarism, War Crimes | Gaza, Israel, Middle East, Palestine, United States, Virginia, Zionism