Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lockheed Martin securities between January 23, 2024, and July 21, 2025, about the upcoming lead plaintiff deadline on September 26, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Lockheed Martin securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by September 26, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Lockheed Martin - The lawsuit alleges that Lockheed Martin made false and misleading statements and failed to disclose critical information regarding its internal controls and risk management practices [5]. - Specific claims include Lockheed Martin's inability to accurately report its risk-adjusted profit booking rate and its overstated capabilities in fulfilling contract commitments [5]. - The lawsuit asserts that these misrepresentations led to significant investor losses when the true details became public [5].

Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud and unlawful business practices related to significant financial losses in various business segments [2][4]. Financial Performance - On October 22, 2024, Lockheed announced a recognition of losses amounting to $80 million in its Aeronautics segment due to higher-than-anticipated costs, leading to a stock price drop of 6.12% [4][6]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion linked to classified programs, resulting in a net earnings decline from $6.9 billion ($27.55 per share) in 2023 to $5.3 billion ($22.31 per share) in 2024 [5]. - In the second quarter of 2025, Lockheed disclosed $1.6 billion in program losses, including $950 million from its Aeronautics Classified program and additional losses from other projects, causing a stock price decline of 10.8% [7][8]. Legal Proceedings - Investors who purchased Lockheed securities during the class period have until September 26, 2025, to request appointment as Lead Plaintiff in the class action lawsuit [2].

Core Viewpoint - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud that affected investors between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts and profit booking rate [2]. - It is alleged that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [2]. - The complaint states that Lockheed Martin overstated its ability to meet contract commitments in terms of cost, quality, and schedule, leading to a likelihood of significant losses [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

LOS ANGELES, Aug. 08, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Sabl ...

Core Viewpoint - Lockheed Martin has faced significant financial losses due to internal control failures and operational challenges, leading to a series of negative announcements that have impacted its stock price and investor confidence [2][3][4]. Financial Performance - On October 22, 2024, Lockheed Martin announced a loss of $80 million related to a classified program, resulting in a 6.12% drop in share price to $576.98 [3][5]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, with $555 million attributed to the Aeronautics program and $1.3 billion to the Missiles and Fire Control business, leading to a net earnings drop from $6.9 billion in 2023 to $5.3 billion in 2024 [4][5]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, including $950 million from the Aeronautics Classified program, resulting in a further decline in net earnings to $342 million [6][7]. Stock Market Reaction - Following the October 2024 announcement, Lockheed Martin's share price fell by $37.63 [3][5]. - The January 2025 announcement led to a $46.24 drop in share price [4][5]. - The July 2025 announcement resulted in a $49.79 decline in share price [6][7]. Legal Implications - A class action lawsuit has been initiated against Lockheed Martin, alleging violations of federal securities laws due to misleading statements and failure to disclose critical operational issues [2][8]. - The lead plaintiff in the lawsuit is an investor with the largest financial interest in the case, representing the interests of the class [8]. Company Operations - The complaints highlight that Lockheed Martin lacked effective internal controls and procedures for managing program complexities and risks, which contributed to the financial losses [2]. - The company has faced challenges in delivering on contract commitments regarding cost, quality, and schedule, leading to significant operational setbacks [2].

Core Viewpoint - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud that affected investors between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Lockheed Martin lacked effective internal controls regarding risk-adjusted contracts and profit booking rates [2]. - It is alleged that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [2]. - The complaint states that Lockheed Martin overstated its ability to meet contract commitments in terms of cost, quality, and schedule, leading to a likelihood of significant losses [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its internal controls and contract commitments, which may lead to significant losses for the company [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 23, 2024, to July 21, 2025 [3]. - Allegations include: 1. Lack of effective internal controls related to risk-adjusted contracts and profit booking rates [3]. 2. Inadequate procedures for comprehensive reviews of program requirements and risks [3]. 3. Overstatement of the company's ability to meet contract commitments regarding cost, quality, and schedule [3]. 4. Likelihood of reporting significant losses as a result of the above issues [3]. 5. Misleading positive statements about the company's business and prospects [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 26, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates throughout the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].

Core Viewpoint - The Lockheed Martin Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and lack of effective internal controls during the specified class period [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Lockheed Martin made false statements regarding its internal controls and ability to meet contract commitments, which led to significant financial losses [3]. - On October 22, 2024, Lockheed Martin announced an $80 million loss on a classified program, causing a stock price drop of over 6% [4]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion related to classified programs, resulting in a stock price decline of more than 9% [5]. - On July 22, 2025, Lockheed Martin disclosed an additional $1.6 billion in pre-tax losses, including $950 million from its Aeronautics Classified program, leading to a nearly 11% drop in stock price [6]. Group 2: Class Action Process - Investors who purchased Lockheed Martin securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff can select a law firm to litigate the case and does not need to be the lead plaintiff to share in any potential recovery [7]. Group 3: About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].

Group 1 - Swiss political figures are attempting to cancel Lockheed Martin's order for 36 F-35A fighter jets due to the imposition of a 39% tariff by the Trump administration, which has led to increased calls within the Swiss government to reconsider the CHF 7.3 billion (approximately USD 9.1 billion) procurement plan [1] - The procurement project has sparked controversy in Switzerland, with government officials acknowledging a "misunderstanding" regarding the aircraft's pricing with the U.S. government [1] - Swiss Green Party member Balthasar Glättli has proposed terminating the project, with discussions in parliament expected as early as September [1] Group 2 - The 36 fighter jets represent about one-third of Lockheed Martin's expected deliveries in 2024, and the company has faced significant challenges, including a USD 1.6 billion loss reported in July [2] - Swiss officials are considering the possibility of fully or partially terminating the contract and exploring defense cooperation with European partners to address national defense gaps [2] - Switzerland's defense industry is constrained by regulations that prohibit arms sales to conflict regions, but the country has indicated a shift towards procuring at least 30% of its weapons from Europe [2] Group 3 - Switzerland's efforts to negotiate lower tariffs with Trump were unsuccessful, leading to the highest additional tax on exports among developed countries at 39%, compared to the EU's 15% [3] - The resistance to purchasing U.S. fighter jets conflicts with the idea of using these aircraft as leverage in tariff negotiations with Washington [3] - U.S. Secretary of State Marco Rubio reaffirmed the commitment to strengthen bilateral defense cooperation during a meeting with the Swiss president amid these tensions [3]

Swiss politicians are seeking to cancel an order of three dozen F-35A fighter jets from US defence conglomerate Lockheed Martin https://t.co/imCqJmj1dn ...