Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to alleged false statements and failures to disclose critical information that resulted in significant financial losses for investors during the specified class period from January 23, 2024, to July 21, 2025 [1][3][4]. Group 1: Allegations Against Lockheed Martin - The lawsuit claims that Lockheed Martin lacked effective internal controls over risk-adjusted contracts, impacting the accuracy of profit reporting [5]. - It is alleged that the company did not have adequate review procedures for program requirements, technical complexities, schedules, and risks [5]. - Lockheed Martin is accused of overstating its ability to fulfill contract commitments, particularly regarding cost, quality, and schedule [5]. - The lawsuit suggests that these failures made it likely for Lockheed Martin to report significant financial losses [5]. Group 2: Financial Impact and Stock Price Reactions - On October 22, 2024, Lockheed Martin announced an $80 million loss on a classified program, leading to a stock price drop of over 6% [5]. - A January 28, 2025 announcement revealed pre-tax losses of $1.7 billion, causing the stock price to decline by more than 9% [5]. - Following a July 22, 2025 announcement of an additional $1.6 billion in pre-tax losses, Lockheed Martin's stock price fell nearly 11% [5].

SAN DIEGO, July 30, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Lockheed Martin Corporation (NYSE: LMT) securities between January 23, 2024 and July 21, 2025, inclusive (the "Class Period"), have until September 26, 2025 to seek appointment as lead plaintiff of the Lockheed Martin class action lawsuit. Captioned Khan v. Lockheed Martin Corporation, No. 25- cv-06197 (S.D.N.Y.), the Lockheed Martin class action lawsuit charges Lockheed Martin and certain of ...

NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Lockheed Martin Corporation (“Lockheed Martin” or the “Company”) (NYSE: LMT) between January 23, 2024 and July 21, 2025, inclusive. For more information, submit a form at Lockheed Martin Corporation Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco ...

Group 1 - Despite presidential claims to reduce overseas military engagements and control spending, U.S. military expenditures remain high, with unusual "bottomless pit" projects emerging [1] - The "Iron Dome" defense system, announced by Trump, is expected to cost $175 billion, with initial funding included in the "Big and Beautiful Act" [2] - From 2020 to 2024, the five major defense contractors received approximately $771 billion in government contracts from the U.S. Department of Defense, with additional revenue from arms sales due to conflicts in Ukraine and the Middle East [3] Group 2 - U.S. military aid to Israel exceeded $18 billion in the first year after October 2023, while total military aid to Ukraine since the outbreak of the Russia-Ukraine conflict reached around $100 billion [4] - Most of these aid funds ultimately benefit U.S. defense contractors, as they are delivered in the form of weapons and ammunition to Israel and Ukraine [5] - The Pentagon has "classified contracts" with annual budgets exceeding $100 billion, which are not disclosed to the public, indicating that defense contractors may receive more than reported [6] Group 3 - The budget for U.S. nuclear weapons design, manufacturing, and maintenance falls under the Department of Energy's Nuclear Security Administration, while counter-terrorism funding is allocated to the FBI, suggesting that actual government contracts for defense contractors are even higher when these budgets are included [7] - Defense contractors engage in lobbying, election support, and "revolving door" practices to secure a larger share of the national budget [9] - Due to short tenures of U.S. officials, many prioritize building relationships with defense contractors over addressing actual security needs [11] Group 4 - Major defense contractors include Lockheed Martin ($313 billion), RTX (formerly Raytheon, $145 billion), Boeing ($115 billion), General Dynamics ($116 billion), and Northrop Grumman ($81 billion), each specializing in various advanced military technologies [13] - The phenomenon of government officials transitioning to high-paying positions in the private sector after leaving office is common, with many returning to government roles when their party regains power [14][18] Group 5 - Recent years have seen a shift in Pentagon procurement budgets towards high-tech companies, with firms like SpaceX, Palantir, and Anduril competing for contracts traditionally held by the five major defense contractors [23] - Palantir, for instance, has secured contracts worth $618 million for AI data platforms and other advanced systems with the U.S. Army and Special Operations Command [25] Group 6 - Defense contractors are promoting narratives of "great power competition" and "emerging military technology revolutions" to justify continued high budgets, suggesting that $1 trillion annually is still "not enough" [28] - A report by the Congressional Strategic Posture Commission recommended that the Pentagon invest $2 trillion over 30 years to develop new nuclear weapon systems, with ties to defense contractors like Northrop Grumman [29][30] Group 7 - The competition between traditional defense contractors and emerging tech companies in areas like AI, unmanned systems, and data integration is expected to escalate, potentially leading to increased Pentagon budgets to satisfy both sectors [36][37]

Then, on January 28, 2025, before the market opened, Lockheed Martin announced it was forced to record pre- tax losses of $1.7 billion associated with classified programs at its Aeronautics and Missiles and Fire Control business. The Company explained "as a result of performance trends" and "in contemplation of near-term program milestones," it had "performed a comprehensive review of the program requirements, technical complexities, schedule, and risks" based on which it recognized $555 million of losses i ...

NEW YORK, July 29, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Lockheed Martin Corporation (NYSE: LMT) between January 23, 2024 and July 21, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2025.So What: If you purchased Lockheed Martin securities durin ...

Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation for allegedly making materially false and misleading statements regarding its business operations and financial health during the specified class period from January 23, 2024, to July 21, 2025 [1] Group 1: Allegations of Misleading Statements - The complaint alleges that Lockheed Martin failed to disclose significant internal control deficiencies related to its risk-adjusted contracts and profit booking rate [2] - It is claimed that the company overstated its ability to meet contract commitments regarding cost, quality, and schedule, leading to potential significant losses [2] - The positive statements made by the company about its business and prospects were allegedly materially misleading and lacked a reasonable basis [2] Group 2: Financial Impact and Losses - On January 28, 2025, Lockheed Martin announced pre-tax losses of $1.7 billion related to classified programs, with $555 million attributed to its Aeronautics program and approximately $1.3 billion to its Missiles and Fire Control business [3] - The company's net earnings for 2024 were reported at $5.3 billion ($22.31 per share), a decline from $6.9 billion ($27.55 per share) in 2023 [3] - Following this announcement, the share price dropped by $46.24 (9.2%) to close at $457.45 on January 28, 2025 [4] Group 3: Additional Losses and Share Price Reaction - On July 22, 2025, Lockheed Martin disclosed an additional $1.6 billion in pre-tax losses, including $950 million related to its Aeronautics Classified program due to various performance issues [5] - The company reported sharply lower net earnings of $342 million ($1.46 per share) for the period, which included significant program losses and other charges [5] - The share price fell by $49.79 (10.8%) to close at $410.74 on July 22, 2025, following this news [6]

Core Insights - The U.S. Department of Defense announced an increase in contracts for the production of the THAAD missile defense system by $2 billion, bringing the total contract value to over $10 billion [1] Summary by Category Contract Details - The total contract amount for the THAAD missile defense system has exceeded $10 billion [1] - The additional $2 billion is part of ongoing work that will take place across multiple states [1] - The contract is expected to be completed by December 1, 2029 [1]

Core Viewpoint - Lockheed Martin Corporation is under investigation for potential securities fraud and unlawful business practices following a significant decline in its second-quarter earnings, which included substantial program losses [1][3]. Financial Performance - Lockheed reported second-quarter 2025 earnings with a total of $1.6 billion in program losses, including $950 million from its Aeronautics Classified program due to design and performance issues [3]. - The Canadian Maritime Helicopter Program incurred $570 million in losses, attributed to additional mission capabilities and revised flight hour expectations [3]. - A $95 million charge was reported for the Turkish Utility Helicopter Program, reflecting the program's current status [3]. Stock Market Reaction - Following the release of the disappointing financial results, Lockheed's stock price dropped by $49.84 per share, or 10.8%, closing at $410.69 on July 22, 2025 [4]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of Lockheed investors regarding possible securities fraud or other unlawful practices by the company and its officers [1].

Group 1 - Lockheed Martin (LMT) maintains a gain of over 1% [1] - WTI crude oil futures rose more than 2.5%, reaching a high of $67.06, the highest intraday level since July 18 [1] - Reports indicate that the U.S. may have deployed nuclear weapons in the UK for the first time since 2008 [1]