Lockheed Martin Corp., Bethesda, Md., contributed $2.25 billion in cash to its worldwide defined benefit plans in 2013, and confirmed that it expects to contribute $1 billion in 2014, the company announced Thursday.
In 2012, Lockheed contributed $3.6 billion to its worldwide pension funds.
Net earnings from continuing operations in 2013 totaled $3 billion, compared to $2.7 billion in 2012.
Lockheed had $31.5 billion in U.S. DB assets as of Sept. 30. The U.S. plan was closed to new employees in 2006.
Source: Pensions & Investments