Opaque $36 Billion Trust, Newport Trust Co., Reports 80% Ownership In Parsons

Who the beneficiaries of “Newport Trust Co.” are is unfortunately a mystery. According to Wikipedia, their head office is in Cape Town, but when you check the source of this information you get a broken link.

Technically “Employee Stock Ownership Plan” owns the 80% stake, and this might confuse somebody into thinking it was some kind of employee stock ownership plan, and it is, but it’s controlled by Newport.

Check out their holdings here

The “trust” also reports beneficial ownership in Boeing and General Dynamics.

At least they hold true to American values by locating the trust in a state that fashions the license plate “live free or die”.

Image source: https://upload.wikimedia.org/wikipedia/commons/d/d6/UKUSA_top_secret.jpg

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