Lockheed Martin Places $840M In DB Plan

Lockheed Martin has made an $840 million commitment to its defined benefit pension plan in the fourth quarter.

Lockheed Martin has made an $840 million commitment to its defined benefit pension plan in the fourth quarter, Pensions & Investment reports. The latest contribution by the U.S. defense, security and advanced technology company has brought its annual contribution to $2.24 billion in 2010. The plan made a $1.5 billion contribution to its pension funds in 2009. Massachusetts-based Raytheon also made a $750 million discretionary cash contribution to its pension plans in the last quarter of 2010.

Click here for the story from Pensions & Investments.