United Technologies Corp., Hartford, Conn., will contribute about $200 million to its pension plans in 2012, Greg Hayes, senior vice president and CFO, said Wednesday.
Mr. Hayes spoke at the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago, and Bloomberg provided a transcript.
Mr. Hayes said the contribution will be made with stock, and is being done as part of the requirements to get funding for the acquisition of Goodrich Corp.
United Technologies announced its plans to purchase Goodrich in September 2011 for $17.9 billion.
United Technologies had $23.5 billion in U.S. defined benefit plan assets, with a funding ratio of 86.7%, as of Dec. 31, according to the company's 2011 annual report.
