Norway Wealth Fund Considers Lifting Ban on Major Defense Investments

Key Facts

1Proposed changes to Norway's sovereign wealth fund ethics rules could allow investments in major defense companies.

2The fund is currently barred from investing in companies like Lockheed Martin due to their involvement in nuclear weapons production.

Norway's sovereign wealth fund is considering changes to its ethics rules that could allow investments in major defense companies. CNBC reported that the proposed amendments might lift the current ban on firms like Lockheed Martin, which are presently excluded due to their involvement in nuclear weapons production.

The review by Norges Bank Investment Management aims to evaluate guidelines that currently restrict capital flows into Western defense contractors. Regarding market performance, Lockheed Martin (LMT) closed at $532.64 on October 15, 2026, after trading between a low of $526.07 and a high of $534.25 during that session.