Two aviation companies are set to put hundreds of millions of dollars into their pension funds this year and one said it contributed billions last year.
Lockheed Martin, based in Bethesda, Md., revealed that had contributed $2.25 billion in 2013. That compared to $3.6 billion in 2012. The aircraft maker, which announced earnings were down in the fourth quarter because of government cutbacks, said it planned to add $1 billion more this year to its worldwide retirement plan.
During its earnings call this week, Lockheed Martin officials said the company contributed $750 million to its pension fund in the fourth quarter alone.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
