Lockheed Martin Reduces Gross Pension Obligation by $4.9 Billion with Purchase of Group Annuity Contracts
Additionally, the 2021 financial outlook reflects the UK Ministry of Defence's re-nationalization of the AWE program on June 30, 2021.
- Additionally, the 2021 financial outlook reflects the UK Ministry of Defence's re-nationalization of the AWE program on June 30, 2021.
- Further, the 2021 financial outlook does not incorporate the pending acquisition of Aerojet Rocketdyne Holdings, Inc. announced on Dec. 20, 2020.
- Reflects the amount by which CAS pension cost, $2,065 million, exceeds the FAS pension service cost, $110 million.
- Excludes $375 million of expected non-operating FAS pension income that will be recorded in non-operating income (expense).