Abbott Laboratories, Abbott Park, Ill., plans to contribute $200 million to $400 million annually to its main domestic pension plan through 2011, according to its most recent 10-K filing. The company contributed $641 million in 2005 and $482 million in 2004.
Abbott had nearly $3.4 billion in defined benefit assets as of Sept. 30, 2005, and reported $3.7 billion in pension obligations as of Dec. 31, 2004.
Separately, BAE Systems, London, will contribute £110 million ($192 million) in cash and transfer £240 million in property assets to its pension plans, according to the company's preliminary annual results. The capital will be used to reduce a £2.4 billion pension deficit, one of the largest among FTSE 100 companies. BAE Systems had £10.8 billion in U.K. pension assets as of Dec. 31. The contribution will go toward the company's Main Scheme, said spokeswoman Lisa Hillary-Tee, who declined to provide the asset size of the plan. It has not been decided how the cash will be invested, Ms Hillary-Tee said.