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Lockheed Martin Transfers $1.8 Billion In Pension Obligations To Prudential Retirement
FYI: Lockheed Martin Corporation (NYSE: LMT) has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). Approximately 32,000 of Lockheed Martin’s retirees will receive their monthly pension benefit payments from Prudential as part of this buy-out agreement. Regards, Ted https://www.businesswire.com/news/home/20190129005159/en/Lockheed-Martin-transfers-1.8-billion-pension-obligations
