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.
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