pensions

France's second KC-130J Super Hercules aerial refueler takes off from Lockheed Martin's facility in Marietta, Georgia, upon delivery in 2019.

Business August 11, 2021

What does Lockheed Martin’s transfer of pension obligations mean?

Lockheed Martin announced in a press release on August 3 that they were transferring $4.9 billion in pension obligations and plan assets for approximately 18,000 U.S. retirees and beneficiaries to…

Business August 7, 2021

Lockheed Martin transfers $4.9 billion in pension obligations to Athene Holdings

Lockheed Martin, a major employer in Cobb County, announced in a press release that they have purchased $4.9 billion in group annuity contracts from Athene Holdings “a leading financial services…

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pensions

What does Lockheed Martin’s transfer of pension obligations mean?

Lockheed Martin transfers $4.9 billion in pension obligations to Athene Holdings