Boeing Co., Chicago, contributed $550 million to its pension plans earlier this month, CFO James A. Bell said in a conference call today. The company contributed $455 million in the first quarter of 2005 but made no pension contribution in the second quarter, said Anne Eisele, a Boeing spokeswoman. Boeing officials anticipate contributing roughly $600 million more "by the end of the year," Ms. Eisele said, noting there is no specific timetable.
The company had about $39 billion in pension assets and $42.8 billion in pension liabilities as of Sept. 30, 2004, according to its 10-K filing.
Separately, The New York Stock Exchange expects to contribute up to $30 million this year to its $387.8 million pension plan, according to a preliminary proxy statement filed with the SEC for the Big Board's planned acquisition of Archipelago Holdings. The exchange contributed $31 million to the plan in 2004 and $36.5 million in 2003.
In addition, the Securities Industry Automation Corp., a joint subsidiary of the NYSE and the American Stock Exchange, plans to contribute $10 million to $20 million to its $276.9 million pension plan, according to the NYSE proxy statement. The company contributed $20 million to the plan in 2004 and $29 million in 2003.