Prudential Retirement

Defense giant Lockheed Martin, which acquired Stratford's Sikorsky for $9 billion just over three years ago, said it has inked deals to shift $2.6 billion in retiree pension obligations to Prudential and Athene.

Prudential Retirement, a Hartford-based unit of insurance giant Prudential Financial, announced Wednesday that it has inked nearly $3.6 billion in retirement assets and reinsurance contracts.

Christine Marcks recalls working in her father's pharmacy as a 13-year-old, growing up in Western Massachusetts. The work was minimal. The pay was minimum, about $1.60 an hour — and there was one non-negotiable condition.

Prudential Retirement, which has its insurance and annuity operations in Hartford, said it has promoted James McInnes to head its defined benefit and contribution business, Total Retirement Solutions.

Prudential Financial, which has its retirement division based in Hartford, said its third-quarter profits fell by more than half as its expense growth outpaced revenue growth.

Hartford Healthcare has consolidated 20 defined retirement plans to Hartford's Prudential Retirement, the companies announced.