Lockheed Martin Corp., Bethesda, Md., plans to make $800 million in pension contributions by the end of the year, bringing its total discretionary 2010 contribution to $2.2 billion, the company said Tuesday in a news release.
The company had made discretionary contributions of $1.4 billion to its $22.2 billion worldwide pension plan through Sept. 30, the news release said.
In a conference call Tuesday on the company’s third-quarter earnings, Bruce L. Tanner, executive vice president and CFO, said the contributions would ensure that the plan is 80% funded, according to a Bloomberg transcript.
