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Pension Funds

Lockheed Martin to launch $1.6 billion in pension contributions in 2018

Lockheed Martin Corp., Bethesda, Md., announced Friday in its 10-Q filing that it expects to contribute $1.6 billion to its defined benefit plans in 2018.

In October 2014, the company had said it expected to contribute $2 billion that year but not make further contributions for at least three more years.

Lockheed's DB plans had $31.4 billion in assets and $45.1 billion in pension obligations as of Dec. 31, according to its most recent 10-K filing.