Raytheon Technologies Corp., Waltham, Mass., contributed $800 million to its U.S. defined benefit plans in the fourth quarter, spokesman Chris Johnson said in an email.
The aerospace and defense systems provider disclosed the discretionary contribution in an 8-K filing Tuesday. The company is the entity resulting from the merger of Raytheon Co. and United Technologies Corp. that closed in April.
In their respective 10-K filings with the SEC in February 2020, Raytheon and UTC had disclosed expected contributions in 2020 of $319 million and $125 million, respectively, to their respective global DB plans.
Raytheon's total expected contributions for 2020 were required. UTC's expected contributions were discretionary. As a result of the latter firm's $1.9 billion in contributions in 2017, the company had fulfilled all its minimum funding requirements through 2025, according to its 10-K filing.
As of Sept. 30, the combined firm's U.S. defined benefit plan assets totaled $51.4 billion, according to Pensions & Investments data. The actual allocation as of that date was 44% domestic fixed income; 18% global equities; 11% domestic equities; 6% each multiasset strategies, private equity and real estate; 5% international equities; and 4% other alternatives.
