Northrop Grumman Corp., Los Angeles, expects to contribute $121 million to its $37.6 billion pension plan in 2008, according to documents filed Wednesday with the SEC. The company contributed $342 million, including $200 million voluntary prefunding, in 2007 and $1.2 billion, of which $800 million was a voluntary prefunding, in 2006.
As of Dec. 31, the plans allocation to equities fell nine percentage points to 48%, fixed income dropped three percentage points to 34%, real estate rose two percentage points to 6% and its other category grew by four percentage points to 12%, the filing stated. The plan had $4.1 billion in alternative investments composed of real estate, private equity and hedge funds, up from $2.7 billion in 2006. The pension plan did not hold company stock in 2007 and 2006.