US - Defence contractor Lockheed Martin warned 2012 profits could be hurt by unexpectedly high pension costs.
In its third quarter results, the firm said lower discount rates and the delay in the recovery of pension expense under government cost accounting standards has increased the expected pension expen...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders