Category: LMT

Will Lockheed Martin End Its 401(k) Matching Contribution?

Lockheed Martin had already begun cutting benefits before the Coronavirus took its toll on the world economy. According to Barron’s, “Lockheed Martin (LMT) finished freezing its defined-benefit pension plan on Jan. 1, 2020”. Since the pandemic hit, Lockheed Martin has certainly had to make adjustments. According to the Fort Worth Star-Telegram 2,500 employees were forced

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Lockheed Martin? What Corporations Will do to Protect Their Dividends

In order to cut costs, Lockheed Martin made the decision to freeze its pension plan back in 2016. This begs the question, what will they do in 2020 to protect their dividend? Fortune 500 companies have been scrambling to protect their dividends and keep their shareholders happy. The results have been generally negative for workers

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