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DEFINED BENEFIT

Raytheon delivers $500 million discretionary pension plan contribution in fourth quarter

Raytheon Co., Waltham, Mass., made a discretionary contribution of $500 million to its pension plans in the fourth quarter of 2016, the company announced in an 8-K filing with the Securities and Exchange Commission.

In the first nine months of 2016, the company had made $112 million in required contributions, according to an earlier 10-Q filing. How those contributions were split between U.S. and international plans could not be immediately learned.

Raytheon contributed $339 million in required contributions and $200 million in discretionary contributions in 2015.

Raytheon had $18.9 billion in assets as of Dec. 31, 2015, for its global defined benefit funds, $18.1 billion of which consisted of U.S. plans, according to the company’s most recent 10-K filing. The global plans had $25.45 billion in liabilities at the end of 2015, for a funding ratio of 74.3%.

The asset allocation as of the same date for its domestic qualified plans was 30% each fixed income and U.S. equities, 17% international equities, 6% each private equity, hedge funds and real estate, and 5% cash and other, also according to the 10-K filing.

Company spokesman Mike Doble could not be immediately reached to provide further information.