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 ...

Core Viewpoint - Lockheed Martin Corporation is under investigation for potential violations of securities laws, with claims that the company made false and misleading statements regarding its internal oversight and risk management practices [1][2]. Summary by Sections Investigation Details - The DJS Law Group is investigating claims against Lockheed Martin for securities law violations, specifically for the period between January 23, 2024, and July 21, 2025 [1]. - Investors are encouraged to contact the firm before September 26, 2025, if they purchased the company's securities during the specified class period [1]. Allegations Against Lockheed Martin - The complaint alleges that Lockheed Martin failed to maintain adequate internal oversight concerning risk-adjusted contracts and the calculation of its risk-adjusted profit booking rate [2]. - The company is accused of lacking effective systems for thorough evaluations of programs that involve complex technical factors and associated risks [2]. - Lockheed Martin allegedly exaggerated its ability to fulfill contract obligations with high quality, punctuality, and cost efficiency, leading to the likelihood of substantial losses [2]. - The public representations made by the company during the class period are claimed to be false and materially misleading, resulting in financial losses for investors once the truth emerged [2].

Then, on January 28, 2025, before the market opened, Lockheed announced that 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 that "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 ...

Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation for alleged misleading statements and lack of effective internal controls during the Class Period from January 23, 2024, to July 21, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lockheed Martin made false and misleading statements regarding its internal controls and ability to meet contract commitments, which led to significant losses for investors [5]. - Specific allegations include the lack of effective internal controls over risk-adjusted contracts, inaccurate reviews of program requirements, and overstated capabilities in delivering on contracts [5]. Group 2: Investor Information - Investors who purchased Lockheed Martin securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm has recovered hundreds of millions of dollars for investors, with notable achievements including over $438 million secured in 2019 alone [4].

Contact Us To Participate or Learn More: LOS ANGELES, Aug. 6, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Lockheed Martin Corporation ("Lockheed Martin" or the "Company") (NYSE: LMT) have opportunity to lead the securities fraud class action lawsuit. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LOCKHEED MARTIN CORPORATION (LMT), CLICK HERE BEFORE SEPTEMBER 26, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. ...

SAN DIEGO, Aug. 5, 2025 /PRNewswire/ -- The law firm of 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, both dates 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 Lockhe ...

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 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].