Lockheed Martin to pour $2.4bn into pensions

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US - Defence contractor Lockheed Martin said yesterday it planned to contribute US$2.4bn to its pension funds through 2010.

In a third quarter earnings call, chief financial officer Bruce Tanner said the firm will contribute $1bn into its pension trust in the fourth quarter of 2009, and an additional $1.4bn in 2010. ...

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