Lockheed Martin Corp., Bethesda, Md., contributed $840 million to its defined benefit pension plans in the fourth quarter, bringing its annual contribution to $2.24 billion, according to the company's year-end earnings statement.
The plan made $1.5 billion in contributions to the pension funds in 2009.
Lockheed Martin's combined U.S. DB plans were valued at $25 billion as of Sept. 30, according to Pensions & Investments data. The data show that as of Sept. 30, the U.S. DB plans had 30.2% in domestic fixed income; 21.8% in hedge funds, auction rate securities and commodities; 17.1% in international equity; 16.4% in domestic equity; 7.5% in private equity; 6.1% in cash; and 0.9% in equity real estate.
A Lockheed Martin spokesman could not be reached for comment.
Also, Raytheon Co., Waltham, Mass., made a $750 million discretionary cash contribution to its pension plans in the quarter ended Dec. 31, bringing its 2010 total contribution to $1.9 billion, according to its earnings statement.
The company contributed $1.12 billion in 2009.
Spokesman Jon Kasle would not say how much of the most recent contribution went to Raytheon's principal U.S. defined benefit plan.
The company's latest annual report, issued Feb. 24, listed Raytheon's U.S. defined benefit assets at $12.29 billion with projected benefit obligations of $16.26 billion, both as Dec. 31, 2009.