Lockheed Martin(US:LMT) GlobeNewswire News Roomยท2025-07-30 23:18Core 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].