General Dynamics Corp., Falls Church, Va., plans to contribute at least $190 million to its defined benefit plans in 2019, the company said in a 10-K filing Wednesday with the Securities and Exchange Commission.
General Dynamics contributed $570 million to its pension plans in 2018, including required contributions of $315 million and a discretionary contribution of $255 million, according to the filing. It contributed $199 million in 2017 and $208 million in 2016.
As of Dec. 31, defined benefit plan assets totaled $11.5 billion and projected benefit obligations were $15.7 billion, for a funding ratio of 73.4%, compared to a funding ratio of 71.3% in 2017.
The company had a benefit obligation discount rate of 4.3% as of Dec. 31 vs. 4.2% a year earlier.