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Korea Zinc And Lockheed Martin Forge Strategic Partnership
Yahoo Finance· 2025-09-11 15:05
Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Space Exploration Stocks to Buy Now. Korea Zinc, the world’s largest zinc smelter, signed a memorandum of understanding with Lockheed Martin Corporation (NYSE:LMT) on August 25, 2025, to establish a China-free germanium supply chain. High-purity germanium made at its new Onsan facility will be supplied by Korea Zinc, and Lockheed Martin Corporation (NYSE:LMT) will be granted priority procurement rights. The agreement focuses on Korea-U.S. collabor ...
LOCKHEED MARTIN LAWSUIT ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Lockheed Martin Corporation and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-11 12:13
Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the specified class period from January 23, 2024, to July 21, 2025 [1][3]. Summary by Relevant Sections Legal Action - The lawsuit is on behalf of all individuals and entities who purchased Lockheed Martin securities during the class period, with a deadline of September 26, 2025, for investors to apply as lead plaintiffs [1]. Allegations - The complaint alleges that Lockheed Martin failed to disclose several critical issues, including: - Ineffective internal controls related to risk-adjusted contracts and profit booking [3]. - Inadequate procedures for comprehensive reviews of program requirements and risks [3]. - Overstated capabilities in delivering contract commitments regarding cost, quality, and schedule [3]. - Likelihood of reporting significant losses due to the aforementioned issues [3]. Financial Impact - On October 22, 2024, Lockheed Martin announced $80 million in losses due to higher-than-expected costs, resulting in a share price drop of $37.63 (6.12%) to close at $576.98 [4][6]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, leading to a share price decline of $46.24 (9.2%) to close at $457.45 [5][6]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, causing the share price to fall by $49.79 (10.8%) to close at $410.74 [7][8]. Earnings Performance - Lockheed Martin's net earnings for 2024 were reported at $5.3 billion ($22.31 per share), a decrease from $6.9 billion ($27.55 per share) in 2023 [5].
Howard Lutnick's Push For Government Ownership In Intel, Defense Giants Sparks Wall Street Concern - Intel (NASDAQ:INTC)
Benzinga· 2025-09-11 10:24
Commerce Secretary Howard Lutnick is creating an “investment accelerator” within his department, targeting major corporations, including Intel Corp. INTC and Lockheed Martin Corp. LMT.According to The New York Times report, the fund, led by former Morgan Stanley MS banker Michael Grimes, aims to secure government equity stakes in exchange for federal support.Check out the current price of INTC stock here. The initiative uses CHIPS Act funding and billions pledged by Japan and South Korea through trade deals ...
核观察|美军测试下一代“末日飞机”,核威慑中枢更新提速
Xin Lang Cai Jing· 2025-09-10 11:33
Core Viewpoint - The U.S. military is advancing its nuclear command and control system modernization plan, beginning tests of the next-generation "Doomsday Plane" [1][3]. Group 1: Contract and Aircraft Details - In 2024, the U.S. Air Force awarded a contract worth $13 billion to Sierra Nevada Corporation (SNC) for the procurement of five E-4C aircraft to replace the existing four E-4B aircraft [3][9]. - The E-4C aircraft will be significantly modified from the Boeing 747-8 platform, which features enhanced structural strength and reduced weight due to the use of composite materials [6][7]. - The first E-4C aircraft is expected to be delivered by 2032, continuing the U.S. Air Force's nuclear command and control tasks [9][15]. Group 2: Historical Context and Development - The U.S. was the first country to develop a "Doomsday Plane," with the E-4 aircraft first delivered in December 1974, and the E-4B variant upgraded during its service [6][9]. - The E-4C will utilize second-hand Boeing 747-8F aircraft, with the first of these expected to arrive for modification in June 2024 [7][9]. Group 3: Modernization and Strategic Importance - The modernization of the nuclear command, control, and communication (C3) systems is a critical focus for the U.S. military, with significant investments planned from 2023 to 2032 [15]. - The E-4C and the new U.S. Navy E-130J "Phoenix II" aircraft are part of a broader initiative to enhance the U.S. military's nuclear deterrence and strike capabilities [14][15]. - The integration of modern technologies such as big data and artificial intelligence into the C3 systems aims to improve the reliability and credibility of U.S. nuclear forces [15].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lockheed Martin
Businesswire· 2025-09-09 14:39
NEW YORK--(BUSINESS WIRE)---- $LMT #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lockheed Martin Corporation ("Lockheed Martin†or the "Company†) (NYSE: LMT). Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. On July 22, 2025, before the market op ...
Secretive Lockheed, BAE labs team up to study new drone
Reuters· 2025-09-09 13:11
Core Viewpoint - BAE Systems and Lockheed Martin have formed a partnership between their research units to develop a new uncrewed autonomous air system, marking a significant collaboration in the defense sector [1] Company Summary - BAE Systems is collaborating with Lockheed Martin, two major players in the defense industry, to enhance their capabilities in autonomous air systems [1] - The partnership is characterized as a rare research collaboration, indicating a strategic move to innovate in the field of uncrewed systems [1] Industry Summary - The defense industry is witnessing increased collaboration between leading companies to advance technology in autonomous systems, reflecting a trend towards innovation and modernization [1] - This partnership may set a precedent for future collaborations in the defense sector, particularly in the development of advanced military technologies [1]
Skunk Works and FalconWorks Announce Strategic Collaboration
Prnewswire· 2025-09-09 10:00
Core Insights - Lockheed Martin Skunk Works and BAE Systems FalconWorks have formed a strategic partnership to develop uncrewed autonomous air systems, announced at the DSEI global defence conference [1][5] - The collaboration aims to leverage both companies' expertise in rapid design and advanced manufacturing to create a cost-effective, modular system with multiple launch options [3][4] Group 1: Partnership Details - The partnership will focus on a common design that is rapidly deployable and modular, intended to deliver various disruptive capabilities [1][3] - Initial efforts will concentrate on electronic warfare and attack capabilities, enhancing the survivability of current crewed combat aircraft [3][5] Group 2: Industry Context - The announcement aligns with a growing trend among nations to develop a mix of crewed and uncrewed assets to meet the demands of modern warfare [5] - There is an increasing need for affordable 'combat mass' to support existing frontline combat platforms in today's rapidly evolving battlespace [5] Group 3: Leadership Statements - OJ Sanchez from Lockheed Martin emphasized the potential for game-changing capabilities through this collaboration [6] - Dave Holmes from BAE Systems highlighted the aim to deliver disruptive capabilities that address the operational needs of modern military environments [6]
LMT Lawsuit: Did Lockheed Martin (LMT) Mislead Investors on Financial Health? -- Hagens Berman
Globenewswire· 2025-09-08 20:20
Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging that the company misled investors regarding its financial health and internal controls from January 23, 2024, to July 21, 2025 [1][2]. Group 1: Allegations and Misrepresentations - The lawsuit claims that Lockheed Martin overstated its operational capabilities, particularly in the Aeronautics and Rotary and Mission Systems (RMS) segments, and failed to disclose inadequate internal controls [2]. - It is alleged that the company lacked effective procedures to assess program risks, leading to undisclosed significant losses [2]. Group 2: Impact of Disclosures - A series of negative disclosures revealed the company's financial issues, resulting in substantial stock price drops, including a nearly 11% decline on the final disclosure [3]. - The company reported $1.8 billion in pre-tax losses in its Aeronautics segment on January 28, 2025, followed by an additional $950 million in pre-tax losses for Aeronautics and $570 million for RMS on July 22, 2025 [6]. Group 3: Investigation and Systemic Issues - Hagens Berman is investigating whether the losses were a foreseeable result of poor internal controls and miscommunication of risks to investors [4]. - The investigation suggests that the scale and recurrence of losses indicate a systemic issue rather than isolated problems, raising questions about executive awareness of internal control deficiencies [5].
Lockheed Martin Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – LMT
Businesswire· 2025-09-08 17:04
LOS ANGELES--(BUSINESS WIRE)--Lockheed Martin Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – LMT. ...
Expanding Horizons: Lockheed's Role in the Growing Space Economy
ZACKS· 2025-09-08 14:41
Key Takeaways Lockheed delivered the Orion spacecraft for NASAs Artemis II crewed lunar flyby mission in May.LMT's Next-Gen OPIR missile-warning satellite completed testing and is slated for 2025 launch.The company invests in satellite constellations, AI autonomy, and nuclear space propulsion.The global space economy is moving ahead at a rapid pace, driven by expanding satellite constellations, national security requirements, lunar exploration, and emerging commercial space markets. Lockheed Martin Corp. (( ...