Direct Defence Contracting & Procurement
PepsiCo, Inc. is a North Carolina-incorporated SEC registrant that reports as “PepsiCo, Inc. and Subsidiaries,” with principal executive offices in Purchase, New York 1. PepsiCo’s 2025 subsidiary exhibit lists So Spark Ltd., SodaStream Industries Ltd., SodaStream International Ltd., and SodaStream Israel Ltd. as Israeli-incorporated group entities 2.
No public evidence identified.
Focused review of PepsiCo disclosures and accessible Israeli Ministry of Defense procurement materials did not identify a PepsiCo, SodaStream, or Sabra contract, tender award, framework agreement, or memorandum with the IMOD, IDF, Israel Prison Service, Border Police, or another Israeli security body 3, 4. The public IMOD tender interface is searchable but requires authentication for tender details, limiting its capacity to exclude historical awards or supplier records 4. Review of the public IMOD/SIBAT defence-directory material likewise did not produce a PepsiCo or SodaStream supplier listing, although the directory is not a complete procurement database 5.
Dual-Use Products & Tactical Variants
PepsiCo’s 2024 filing describes SodaStream as a sparkling-water-maker business within its Europe division and does not describe tactical, ruggedised, military-specification, or defence-configured products 3. The reviewed filings and source materials did not identify sales of such products to Israeli security forces, export licences, end-user certificates, or export-control decisions concerning PepsiCo products for Israeli military or security end-users 3, 4, 5.
PepsiCo’s August 2018 SodaStream merger agreement establishes SodaStream as an indirectly wholly owned PepsiCo subsidiary after the merger, while not identifying an Israeli defence, police, prison-service, or defence-prime relationship 6.
Heavy Machinery, Construction & Infrastructure
PepsiCo’s 2024 filing lists an owned manufacturing plant in Lehavim, Israel, without identifying it as a military, security, settlement, or occupied-territory operation 3. The research materials did not identify PepsiCo equipment or vehicles used in settlement construction, demolitions, the separation barrier, checkpoints, military installations, or other occupied-territory infrastructure 3.
The reviewed materials also did not identify PepsiCo construction, engineering, maintenance, or servicing contracts for Israeli military or settlement infrastructure 3, 4.
Supply Chain Integration with Defence Primes
The research did not identify PepsiCo supplies of components, materials, manufacturing services, technology, or logistics to Elbit, Israel Aerospace Industries, Rafael, IMI/Elbit Land, or another Israeli defence prime 3, 5. PepsiCo and Strauss Group formed a 50:50 North American Sabra joint venture in 2008 to produce and sell fresh dips and spreads in the United States and Canada 7.
Strauss agreed in November 2024 to sell its remaining 50% interests in Sabra and Obela to PepsiCo, which already held the corresponding 50% interests, for reported consideration of US$243.8 million including US$240.8 million relating to Sabra 8. Strauss reported completion of the transactions on 3 December 2024, replacing the former joint-venture relationship with PepsiCo-group ownership of the remaining Sabra and Obela interests 9. PepsiCo’s annual-report material describes Sabra’s activity as making, marketing, distributing, and selling refrigerated dips and spreads and does not disclose a defence-prime supply relationship 10.
Assertions located about former partner Strauss Group and IDF support were not treated as established evidence because the available leads were activist or aggregator material rather than independently verified primary-source evidence 3.
Logistical Sustainment & Base Services
The reviewed official procurement sources and company disclosures did not identify PepsiCo provision of catering, transport, fuel, facilities, telecommunications, freight forwarding, port handling, or other services to IDF bases, detention sites, or defence cargo operations 3, 4. The available materials do not disclose contracts, customers, tenders, export licences, or end-user certificates for PepsiCo, Sabra, Obela, or the listed Israeli SodaStream entities 1, 2.
Munitions, Weapons Systems & Strategic Platforms
The research did not identify PepsiCo, SodaStream, or Sabra manufacturing or supplying lethal platforms, munitions, precursor materials, missile-defence components, weapon subsystems, targeting systems, or other strategic-defence items for Israel 3, 5. PepsiCo’s SEC filings reviewed for this audit do not characterize the company as a defence manufacturer or Israeli defence contractor 1, 2, 11.
Export Licensing, Regulatory & Legal History
The reviewed materials did not identify government export-licence decisions, embargo or sanctions investigations, export-control enforcement actions, or litigation concerning PepsiCo defence supplies to Israeli military or security end-users 3, 5. The research also did not identify a court, ICC, or ICJ proceeding concerning a PepsiCo defence-supply relationship 5.
The proxy identifies Ramón L. Laguarta as PepsiCo’s Chairman and Chief Executive Officer and identifies The Vanguard Group as a 10.1% beneficial owner as of the stated 2026 record date 11. Vanguard’s Schedule 13G/A reports its voting and dispositive-power positions over the reported PepsiCo shares, while the reviewed materials did not identify military-channel conduct by Vanguard, PepsiCo directors, or senior officers 11, 12.
Civil Society Scrutiny & Documented Investigations
A January 2011 Who Profits report stated that SodaStream’s main production site was then in the Mishor Adumim industrial zone in the West Bank and discussed consumer home-carbonation products, settlement-production conditions, and associated economic incentives 13. A 2015 UN Special Rapporteur report referred to reporting on SodaStream’s Mishor Adumim factory in the occupied West Bank in its discussion of settlement-related business activity 14. Neither pre-acquisition source identifies military or security contracting, and neither establishes PepsiCo-era or current operations at that site 6, 13, 14.
The supplied document-library pre-scan found no PepsiCo mention in the specified UN, OHCHR, PAX, Al-Haq, Amnesty, Human Rights Watch, BankTrack, BDS, KLP, and Who Profits materials, including the 2025 UN Human Rights Council report cited below 15. This is a document-scoped result rather than evidence of database-wide absence 15.
The research did not locate a supportable published investigation establishing a PepsiCo military, security, or dual-use supply relationship with Israeli state bodies 3, 5. It also did not identify a PepsiCo-specific boycott, exclusion, or divestment action grounded in defence-sector activity, distinguishing the historical SodaStream settlement-production material from a verified military-supply relationship 13, 14.
Footnotes
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https://www.sec.gov/Archives/edgar/data/77476/000007747626000007/pep-20251227.htm ↩ ↩2 ↩3
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https://www.sec.gov/Archives/edgar/data/77476/000007747626000007/pepsico202510-kexhibit21.htm ↩ ↩2 ↩3
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https://www.sec.gov/Archives/edgar/data/77476/000007747625000007/pep-20241228.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12
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https://www.online.mod.gov.il/Online2016/pages/general/Balam/BalamList.aspx?bk=1 ↩ ↩2 ↩3 ↩4 ↩5
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https://www.mod.gov.il/media/otaeo2yv/%D7%9E%D7%93%D7%A8%D7%99%D7%9A-%D7%94%D7%99%D7%A6%D7%95%D7%90_250811_080922-1-_compressed.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://www.sec.gov/Archives/edgar/data/1502916/000114420418045429/tv501345_ex99-1.htm ↩ ↩2
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https://www.pepsico.com/en/newsroom/press-releases/2008/pepsico-and-strauss-group-complete-formation-of-north-american-joint-venture ↩
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https://ir.strauss-group.com/wp-content/uploads/2024/08/Strauss-Group-Immediate-Report-21.11.24-PDFUA.pdf ↩
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https://ir.strauss-group.com/wp-content/uploads/2024/08/Immediate-Report-04.12.24-PDFUA.pdf ↩
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https://www.sec.gov/Archives/edgar/data/77476/000130817926000172/pep015012-ars.pdf ↩
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https://www.sec.gov/Archives/edgar/data/77476/000130817926000169/pep015012_def14a.htm ↩ ↩2 ↩3
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https://www.sec.gov/Archives/edgar/data/77476/000093247125000680/xslSCHEDULE_13G_X01/primary_doc.xml ↩
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https://digitallibrary.un.org/record/808121/files/A_70_406-EN.pdf ↩ ↩2 ↩3