Boeing Co., Chicago, contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.
The contribution is the first Boeing made this year and meets the company's objective for its expected contribution for 2014, said Charles “Chaz” Bickers, Boeing spokesman.
The company contributed $1.5 billion in all of last year, according to its 10-K filing.
As of Dec. 31, Boeing had $58.1 billion in pension assets and $68.6 billion in pension obligations.
Boeing's pension fund asset allocation was 49% fixed income; 29% global equities; 8% combined real estate and other real assets, including energy, farmland, timber, commodities and infrastructure; 5% private equity; 5% hedged funds, including event-driven, relative value, and long/short strategies; and 4% global strategies, seeking to capture market inefficiencies, including the use of long/short positions in derivatives.
