Norwegian Oil Fund Holds Major Shares in RTX Linked to Gaza Conflict

» Published: August 19 2025

Norwegian Oil Fund Holds Major Shares in RTX Linked to Gaza Conflict
Photo: Anna Tärnhuvud/SvD/TT

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The Norwegian oil fund owns shares worth 22 billion kronor in the American company RTX, whose subsidiary manufactures engines for Israeli fighter planes, reports Aftenposten.

The fund owns 1.2 percent of the shares in RTX, which in turn controls Pratt & Whitney, manufacturer of both civilian and military aircraft engines.

Aftenposten previously revealed in August that the oil fund had large shareholdings in a number of Israeli companies, including the fighter plane company Bet Shemesh Engines. Shortly thereafter, the fund sold its holdings in 17 different Israeli companies.

The value of the shares in RTX, 23.5 billion Norwegian kronor, exceeds the total value of the oil fund's all investments in Israel.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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