Core Viewpoint - The Lockheed Martin Corporation is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and lack of effective internal controls, resulting in significant financial losses during the class period from January 23, 2024, to July 21, 2025 [1][3]. Summary by Sections Class Action Lawsuit Details - The lawsuit, titled Khan v. Lockheed Martin Corporation, allows purchasers of Lockheed Martin securities during the specified class period to seek appointment as lead plaintiff by September 26, 2025 [1][2]. - The allegations include that Lockheed Martin made false statements regarding its internal controls and ability to meet contract commitments, which led to significant losses [3]. Financial Losses and Stock Impact - 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, leading to a stock price decline of more than 9% [5]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, resulting in a nearly 11% drop in stock price [6]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Lockheed Martin securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [7]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].
LMT INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Lockheed Martin Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit