Boeing Co., Chicago, contributed $1.5 billion to its defined benefit pension plans in the quarter ended Sept. 30, bringing to $1.513 billion the total contributions it has made this year, according to a financial report the company released Wednesday.
Greg Smith, executive vice president and chief financial officer, in a conference call Wednesday with securities analysts about the financial results said, “We aggressively look for opportunities to reduce future pension liabilities, (and) we continue to be proactive and manage the funded status,” according to a transcript of the call.
Boeing's pension funds had $56.2 billion in pension assets and $75.9 billion in pension liabilities as of last Dec. 31, according to its 10-K report
Boeing's contributions for the first nine months, all discretionary, are identical to the amount the company contributed for the same period last year, the report said. In all of 2012, it contributed $1.55 billion.
