Boeing Co., Chicago, expects to contribute a total $1.5 billion to its pension plans this year, according to a webcast presentation Wednesday by company executives to investment analysts.
It plans to contribute $737 million later this year after contributing $763 million in the quarter ended June 30.
Boeing contributed $531 million to its pension plans last year.
Boeing had $51 billion in pension assets and $67 billion in pension obligations as of Dec. 31, according to its 10-K report.
W. James McNerney Jr., chairman, president and CEO, remarked during the webcast about the recently enacted federal Student Loan and Highway Reauthorization Bill, which generally relaxes corporate funding requirements. It “gives us some flexibility in funding our pension plans, but I don't see us changing (Boeing's disciplined funding approach) in the years going forward,” he said.
Charles Bickers, Boeing spokesman, couldn't be reached for comment.