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Lockheed seeks to use tax reform benefits on pension, training, R&D

January 29, 2018 at 11:26 AM
With the enactment of tax reform legislation, Lockheed Martin is weighing several ways to spend the anticipated benefits, according to the company's chief executive. Marillyn Hewson said during a morning call with analysts today the company is still considering how to best use its projected gains, but said the legislation presents "incredible potential." Already, she said, the company has opted to accelerate payments into its pension trust, contributing $5 billion in cash in 2018. This satisfies the company's required contributions...

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