Lockheed Martin Corp., Bethesda, Md., contributed $325 million to its pension trust in the second quarter, the company said in an earnings release Tuesday.
The contribution was the only one made by the company since the start of 2011, according to the release. In its 2010 10-K, filed Feb. 25, Lockheed Martin said it expects to contribute $1.3 billion to its defined benefit pension plans in 2011.
The company's worldwide pension plans had assets of $25.3 billion as of Dec. 31, 2010. The funded status of its DB plans was 70.8% at year-end 2010 vs. 67.5% a year earlier, according to the 10-K.
As of Dec. 31, the asset allocation of Lockheed's DB plans was 44.1% equities; 34.3% fixed income; 7.7% private equity; 6.3% cash and other; 3.8% hedge funds; 3.2% commodities; and 0.6% real estate.
