General Dynamics Corp., Falls Church, Va., will contribute $550 million to its pension funds during 2014, according to its most recent 10-K filing.
The company contributed $601 million in 2013, according to the filing. As of Dec. 31, plan assets were $8.5 billion and total liabilities were $11 billion for a funding level of 77%.
The company's primary pension fund was closed to new employees in 2007. Some participants in that plan will have their benefits trimmed or stopped in 2014, spokeswoman Lucy Ryan said.
