Lockheed Martin contributes $2.25 billion to pension funds in 2013

2014-01-27T18:39:10-08:00January 27th, 2014|Categories: Defined Benefit Plans|Tags: , |

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 [...]