Boeing Co., Chicago, plans to contribute less than $100 million to its pension plans this year, according to a financial report the company released today.
The company didn’t specify an amount, said Todd H. Blecher, Boeing spokesman.
In November, Boeing contributed 29.1 million shares of its stock, valued then at $1.5 billion but now valued at $1.745 billion based on today’s midday $59.97 trading price. It also contributed $82 million in cash last year.
In 2008, it contributed $531 million in cash.
Boeing’s pension assets returned 15% on investments in 2009, up from -15% in 2008, Mr. Blecher said.
Its pension plans were an aggregate 88% funded as of Dec. 31, up from 83% funded at the end of the 2008, the improvement due to investment performance and contributions, Mr. Blecher said.
Boeing had $43.63 billion in pension assets as of Sept. 30, according to Pensions & Investments data.