4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
Lockheed Sells Pension Risk
The company said it reached deals with Prudential and Athene to reduce its obligations for tens of thousands of employees.
CFOs on the Move: Week Ending Dec. 14
Lockheed Martin, The Madison Square Garden Co., Owens & Minor, Spirit AeroSystems, Hill International, The Nature’s Bounty Co., Myers Industries
F-35 Sales Boost Lockheed to Earnings Beat
The aeronautics division, Lockheed's largest, delivered an 11.8% sales gain in Q4 as production volume for the F-35 supersonic warplanes increased.
Lockheed Martin Delays Decision on Spinoff
A transaction is not likely to take place this year, despite previous reports.
Boeing Settles 401(k) Class Action for $57M
Boeing denied the allegations but has made a number of changes to its plan, including replacing mutual funds with lower-cost investment options.
Revenue Falls at United Technologies
The aerospace manufacturer reported mixed third-quarter results but boosted its share repurchase program.
Lockheed Martin to Buy Sikorsky Aircraft for $9B
The Sikorsky deal and a "strategic review" of commercial and government businesses are part of a major reshaping of Lockheed under CEO Marillyn Hewson.
Lockheed Martin Settles 401(k) Lawsuit
Employees sued the defense contractor for not disclosing excessive fees and underperforming funds in the company's retirement plan.