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 the reporting of its 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 - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [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 - The article discusses the recent crash of an F-35 fighter jet in California, the implications for the U.S. Air Force's procurement plans, and the delays in software upgrades affecting the F-35 program [1][2]. Group 1: Incident Details - An F-35 fighter jet crashed near Lemoore Naval Air Station in California on July 31, with the pilot successfully ejecting and no other injuries reported [1]. - The cause of the crash is under investigation, and no further details have been released by the military or Lockheed Martin [1]. Group 2: Procurement Implications - The U.S. Air Force has reduced its planned procurement of F-35 jets to 24 units in its 2026 budget proposal, which is half of the previous year's plan and lower than the 44 jets procured in 2025 [1]. - The reduction is attributed to dissatisfaction with delays in the Block 4 upgrade configuration and adjustments in the Pentagon's budget [1][2]. Group 3: Software and Hardware Delays - The U.S. Department of Defense has delayed the delivery of F-35 jets due to software improvement delays, withholding up to $5 million in final payments per aircraft until Lockheed Martin demonstrates that upgrades can support intensive training and combat operations [2]. - The Air Force Chief of Staff emphasized the need for the F-35s to address urgent threats, indicating that delays in Block 4 and TR-3 upgrades have influenced procurement decisions [2].

Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation, alleging that the company misled investors regarding its business prospects and internal controls [1][2]. Allegations - The complaint states that Lockheed Martin failed to disclose several critical issues, including: - Inefficient internal controls related to risk-adjusted contracts and profit booking rates [2] - Lack of effective procedures for comprehensive reviews of program requirements and risks [2] - Overstatement of its ability to meet contract commitments in terms of cost, quality, and schedule [2] - Likelihood of reporting significant losses as a result of these issues [2] Financial Impact - On July 22, 2025, Lockheed Martin disclosed an additional $1.6 billion in pre-tax losses on classified programs, which included: - $950 million in losses from the Aeronautics Classified program - $570 million in losses from the Canadian Maritime Helicopter Program - $95 million charge related to the Turkish Utility Helicopter Program - Following this announcement, the company's share price dropped by $49.79, or over 10%, closing at $410.74 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by September 26, 2025 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5].

SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit styled Khan v. Lockheed Martin Corporation, et al., No. 1:25-cv-06197 (S.D.N.Y.) has been filed and seeks to represent investors who purchased or otherwise acquired Lockheed Martin Corporation (NYSE: LMT) securities between January 23, 2024 and July 21, 2025. The lawsuit comes in the wake of Lockheed’s Q2 2025 financial results, which resulted in the price of the company shares falling almost 11% on July 22, 2025. National sh ...

NEW YORK, July 31, 2025 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lockheed Martin Corporation ("Lockheed Martin" or "the Company") (NYSE: LMT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

LOS ANGELES, July 31, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lockheed Martin Corporation ("Lockheed Martin" or "the Company") (NYSE: LMT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between January 23, 2024 and July 21, 2025, inclusive (the "Cla ...

Group 1 - A F-35 fighter jet crashed near Lemoore Naval Air Station in California, with the pilot successfully ejecting and no other injuries reported. The cause of the crash is under investigation [1][3]. - The F-35, developed by Lockheed Martin, features advanced weapon systems, stealth capabilities, and supersonic cruise ability. The F-35A variant is designed for conventional takeoff and landing [3]. - The U.S. Air Force has reduced its planned procurement of F-35s due to dissatisfaction with delays in the Block 4 upgrade and adjustments in the Pentagon's budget, requesting only 24 new aircraft in its 2026 budget proposal, half of last year's plan and lower than the 44 aircraft procured in 2025 [3][5]. Group 2 - The U.S. Air Force Chief of Staff, General David Allvin, stated that limited financial resources necessitate ensuring that procured F-35s can address urgent threats, with delays in Block 4 and TR-3 affecting defense decisions [5]. - The Department of Defense announced delays in F-35 deliveries due to software improvements, withholding up to $5 million per aircraft until Lockheed Martin demonstrates that upgrades can support intensive training and full combat operations [5].

NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- 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 ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Lockheed Martin Corporation due to significant financial losses and alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by September 26, 2025 [2][4]. Financial Performance - Lockheed Martin reported a pre-tax loss of $1.7 billion on January 28, 2025, primarily due to performance trends in classified programs, resulting in net earnings of $5.3 billion for 2024, down from $6.9 billion in 2023 [7]. - The company recognized an additional $1.6 billion in pre-tax losses on July 22, 2025, leading to sharply lower net earnings of $342 million for the period [9]. Stock Price Impact - Following the announcement of an $80 million loss on October 22, 2024, Lockheed Martin's share price fell by $37.63, or 6.12%, closing at $576.98 [6]. - On January 28, 2025, after announcing the $1.7 billion loss, the share price dropped by $46.24, or 9.2%, to close at $457.45 [8]. - The stock further declined by $49.79, or 10.8%, to close at $410.74 on July 22, 2025, after disclosing an additional $1.6 billion in losses [10]. Allegations of Misconduct - The complaint against Lockheed Martin alleges that the company lacked effective internal controls and procedures, overstated its ability to meet contract commitments, and made materially misleading statements about its business operations and prospects [4].

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].