Financial Services Industry
Industry: Email Alert RSS Feed4 announce contributions to defined benefit plans.(Boeing Co.)(BP PLC)(AK Steel Corp.)(Continental Airlines Inc.)
Pensions & Investments, April, 2007
Boeing Co., Chicago, contributed $509 million to its pension plans in the first quarter and expects to contribute another $500 million in 2008 and $500 million in 2009, the company reported. It doesn't expect to make any other pension contributions this year, said Todd Blecher, spokesman. Boeing's pension plans have $46.2 billion in assets and $45.58 billion in liabilities as of Sept.
30, its latest available numbers, according to its annual report. The company contributed $503 million to the plans in the first quarter of 2006. Separately, BP PLC, London, contributed a total of $373 million to its pension, 401(k) and other employee benefit plans in the first quarter, said Camilo McAllister, investor relations manager-North America. Of its latest contribution,...
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